As the final crypto market experiences a slight acquire in complete market cap, Stellar (XLM) stands out with a considerable quantity of worth enhance over the past week. According to data from CoinMarketCap<\/a>, the XRP competitor<\/a> is up by 17.61%, outperforming each different high 100 cryptocurrency prior to now seven days.\u00a0<\/span><\/p>\n With XLM at present hovering across the $0.13 worth zone, there are speculations on the following motion. Interestingly, a crypto analyst with the title EGRAG CRYPTO on X (previously Twitter) predicts that XLM might rise to $1 if sure circumstances are met.\u00a0<\/span><\/p>\n According to the analyst\u2019s post on September 8,<\/a> this bullish prediction is fashioned on a possible crossover between two technical indicators, particularly the 200-day Moving\u00a0 Average (MA)and the 21-day Exponential Moving Average (EMA).<\/span><\/p>\n #XLM<\/a> Heading for $1: <\/p>\n When the Bullish Cross happens on the weekly timeframe with the 21 EMA (Exponential Moving Average) and the 200 MA (Moving Average), I’m anticipating a possible surge of roughly 500% \ud83d\udcc8.<\/p>\n The chart beneath is exhibiting promising indicators that the following\u2026 pic.twitter.com\/33TrI2znLb<\/a><\/p>\n \u2014 EGRAG CRYPTO (@egragcrypto) September 8, 2023<\/a><\/p>\n<\/blockquote>\n To clarify, the MA indicator displays the typical worth knowledge over a selected time frame, e.g., 200 days. It is consistently up to date and can be utilized to establish commerce areas and acknowledge market traits.<\/span><\/p>\n On the opposite hand, The EMA performs an analogous operate however with a deal with more moderen worth factors. Due to its methodology of calculation, the EMA reacts to cost adjustments sooner than the MA.\u00a0<\/span><\/p>\n Based on EGRAG CRYPTO\u2019s prediction, if there may be an upward crossover of the 21 EMA and 200 MA on XLM\u2019s weekly chart, there’s a chance the token might expertise a 500% worth surge within the coming months, surpassing the greenback mark to commerce at $1.10.\u00a0<\/span><\/p>\n This prediction is principally based mostly on historic worth knowledge, as XLM<\/a> witnessed an analogous huge worth acquire when this crossover occurred between 2020 and 2021.\u00a0<\/span><\/p>\n However, it’s price stating that each one predictions are speculations with out ensures and shouldn’t be relied on as funding recommendation.\u00a0<\/span><\/p>\n In different information, the Stellar group seems to expect a large constructive replace within the subsequent few days. On September 2, Stellar Development Foundation shared with its crypto community<\/a> that \u201cSomething cool is dropping in 10 days\u201d.\u00a0<\/span><\/p>\n Something cool is dropping in 10 days. <\/p>\n Get able to gear up for a change that is received us all excited. Stay curious \ud83d\ude0e pic.twitter.com\/CgNzfzwqmc<\/a><\/p>\n \u2014 Stellar (@StellarOrg) September 2, 2023<\/a><\/p>\n<\/blockquote>\n This announcement was nicely obtained, with the XLM token rising by 10% within the subsequent 24 hours. Interestingly, some fans predict Stellar might announce a brand new partnership within the coming week.<\/span><\/p>\n The blockchain community has already collaborated with firms equivalent to American remittance agency MoneyGram and Circle, the corporate behind the USDC stablecoin. In reality, Stellar announced<\/a> a minority funding in MoneyGram earlier in August.\u00a0<\/span><\/p>\n For now, it stays unknown what this new growth may very well be. However, there may be the likelihood it might elicit some impact on XLM\u2019s worth trajectory.<\/span><\/p>\n At the time of writing, XLM is buying and selling at $0.132, having gone up by $0.132 within the final day. In tandem, the token\u2019s every day buying and selling quantity has gained by 21.33% and is valued at $119.14 million.<\/span><\/p>\n Featured picture from Stellar, chart from Tradingview.<\/em><\/p>\n<\/p><\/div>\nXLM To Reach $1?<\/strong><\/h2>\n
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Another Partnership For Stellar?<\/strong><\/h2>\n
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XLM buying and selling at $0.1308 on the hourly chart | Source: XLMUSDT chart on Tradingview.com<\/a><\/pre>\n