Stellar’s (XLM) price has dipped by 0.5% in the past 24 hours, yet its current level of $0.128569 is an impressive 30% gain over the past 30 days. This is due to Ripple’s success with the SEC, with both altcoins outperforming the wider market. And given its sound fundamentals, XLM could easily keep rising throughout the year and potentially reach $1 in 2024.
Stellar Price Prediction as XLM Blasts Up 30% in 7 Days – Can XLM Reach $1?
At the moment, Stellar’s chart looks very similar to XRP’s, with the altcoin surging on Thursday when the positive news about Ripple arrived. The relative strength index (purple) is above 60, and the 30-day moving average (yellow) has overtaken the 200-day average (blue); both of these signals suggest ongoing momentum. If XLM maintains this momentum, it could climb to $0.16 in the coming weeks, and even reach $0.2 in the long term.
The surge in XLM is being aided by Ripple’s court victory, which suggests that a similar ruling will be taken with regards to XLM, allowing it to continue expanding. Additionally, Stellar’s recent launch of a personal finance app with WisdomTree, backed by BlackRock, is likely to encourage more usage of the network, which in turn should have a positive effect on XLM’s price.
Other Promising Altcoins
It is always recommended for traders to diversify their portfolios, and one area for this is presale tokens. One such example is yPredict.ai, a Polygon-based platform that uses AI and advanced algorithms to provide traders with various tools. Its native YPRED token presale has raised over $3 million so far, and the platform has already launched its first predictive AI model. As it introduces additional tools, such as sentiment and transaction analysis, buy/sell signals, and its own trading terminal, YPRED’s value is likely to rise.
YPRED can be purchased on the yPredict.ai website, currently for $0.1 (rising to $0.12 by the end of the sale). This is a worthwhile investment, as YPRED’s utility and yPredict.ai’s growth could make it one of the most successful coins of 2021.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
