The post XLM Price Prediction: Analyst Predicts Stellar Price To Surge 500% In Coming Months appeared first on Coinpedia Fintech News

In recent times, the blockchain payment project Stellar (XLM) has witnessed substantial growth, primarily attributed to a surge in adoption by institutional investors. This ascent comes as its closest rival, Ripple Labs, grapples with regulatory hurdles stemming from programmatic XRP sales.

Stellar Lumens (XLM) has not only managed to navigate these challenges but has also thrived, forming strategic partnerships with prominent entities such as BlackRock, Circle USDC, and humanitarian aid organizations.

Despite its success, the price of XLM has been closely mirroring the fluctuations of XRP, owing to market speculation about regulatory implications. According to the latest cryptocurrency market data from Tradingview and Coingecko, XLM was trading at approximately $0.1245 against the United States dollar on Friday, marking a decline of about 2.54 percent over the past five days.

XLM Price Analysis

Digital asset analyst Egrag Crypto, a well-known figure in the crypto community, shared insights on the X platform. Egrag Crypto suggests that Stellar Lumens (XLM) could be on the verge of a significant breakout, potentially exceeding $1 in value.