Stellar (XLM) Price Prediction Shows a Surge over 120% in Trading Volume, Can Deelance Match the Growth?

The price of Stellar (XLM) has experienced a similar dazzling rise to the XRP token in the last couple of days.

This rise was triggered by news that Ripple, the company behind XRP, has won its long-running case against the US Securities and Exchange Commission (SEC).

The court trial focused on the SEC’s case that XRP is a security. To the delight of the crypto community, Judge Annalisa Torres of the US District Court for the Southern District of New York ruled in Ripple’s favor, declaring the XRP token not to be a security.

Following this positive news, the price of XLM, a fork of Ripple, saw a significant increase of 42% in the last 7 days. According to Coinmarketcap Data,  The live Stellar price today is $0.139111 with a 24-hour trading volume of over $321 million. 

Stellar is up 9.56% in the last 24 hours. The current CoinMarketCap ranking is #21, with a live market cap of over $3.7b.

Notable Price Action of XLM on Chart

As shown in the chart above, the price of XLM has been rapidly increasing lately.

After trading into the previous support level that saw the price create a double bottom pattern formation on June 20, a quick bounce off from this level pushed the price past the resistant range.

As shown on the chart, this breakout from the resistant level was followed by a quick pullback. However, the price of XLM traded within range before the sudden price rally sponsored by the Ripple victory over the SEC.

This announcement moved the price past key resistant levels on the daily chart as the price got as high as $0.1962. This new level is the highest price it has gotten since April 2022.

Nevertheless, if the trade volume of XLM continues to rise with positive market sentiment, we could hit new price levels in the coming weeks.

However, a drop in trade volume and an increase in bearish activities could see the price of XLM retest the previous flip zone of $0.11679.

Technical indicators on XLM price action

According to the chart, the asset is trading above the upper Bollinger Bands indicator, which indicates that the asset’s price is currently at a relatively high level compared to its historical volatility. This may suggest that the asset is overbought, and a potential price correction or reversal could be imminent. 

The asset’s Moving Average Convergence Divergence (MACD) is above the signal line, suggesting a bullish momentum in the asset’s price trend. 

This occurrence typically indicates that the asset’s short-term moving average is above the longer-term moving average, indicating a potential upward price movement. 

Additionally, the Relative Strength Index (RSI) is at 71, and this indicates that the asset is experiencing bullish pressure.  This suggests that the asset’s recent price gains have been strong and might be considered overbought in the short term. 

Traders should be cautious as a potential price correction, or pullback could occur.

Expert’s Price Forecast for Stellar

According to Digitalcoinprice, an expert’s prediction, the value of Stellar will increase by 235.15%, reaching $0.51 by the end of 2025. 

All technical indicators denote that the current sentiment is Bullish, while the Fear & Greed Index is reading 45.68, which means extreme fear. Based on that,  Stellar forecast is that it’s good to buy Stellar right now.

Forecasts by Cryptonews suggest that Stellar Lumens will continue the upward trend, and by the end of 2023, it will touch the average price of $0.140. 

The predicted high for 2023 might be around $0.198; on the downside, the low might be around $0.0817. According to Cryptonews, in 2024, XLM crypto price prediction suggests that the value may hit an average of $0.205. 

Considering the Stellar price analysis, it has the potential to reach a maximum of $0.242, while the minimum price may be $0.168.

Recent development within the Stellar ecosystem

XLM Rides on Bullish Momentum from Impressive Ecosystem Developments 

Following the announcement yesterday by circle founder Jeremy, XLM continues to soar as interest in its innovative payment and remittance solution increases. 

In a recent development, Stellar partnered with MoneyGram and HoneyCoin app to support global digital assets cash out with USDC across Nigeria, Ghana, Tanzania, Kenya, Uganda, and the UK.

In another announcement, Stellar partnered with Fonbnk to provide payment solutions to the unbanked in Africa.

Considering that millions of Africans lack access to banking services, Stellar’s partnership with MoneyGram and Fonbnk could introduce more users to the digital finance landscape, further expanding cryptocurrency and Blockchain adoption.

This integration will make everyday transactions convenient and promote financial inclusion through efficient cross-border transactions.

Moreover, Stellar is now available on multiple chains, including Ethereum, Solana, Celo, and Polygon, through Allbridge’s interoperability and bridge solution. 

Announced on July 11, the integration marks a significant milestone for Stellar, demonstrating its utility for innovative opportunities in decentralized finance.

This feat could be among the factors pushing XLM’s price over the past seven days. Again, the token still enjoys the bullish wave of its close relative, XRP’s victory in the SEC/Ripple lawsuit.

Stellar Value Propositions Ensuring Its Longevity

Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. 

The network was officially launched in 2015 to connect the world’s financial systems and ensure a protocol for payment providers and institutions. 

The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, and payment processors and allows users to create, send and trade multiple types of crypto.

The basis of the network is its native digital currency – XLM or Lumens. XLM is an intermediate currency for operations used to pay transaction fees. 

How it works: the protocol converts money in a few seconds, first into XLM and then into the requested currency.

Deelance could be the next moonshot

DeeLance, one of the most promising crypto start-ups of 2023 that is already making waves in the crypto industry with its viral $DLANCE token presale about to hit the huge $1 million mark, is bringing that change.

Using the decentralization and transparency of the blockchain, DeeLance wants to remove overly powerful intermediaries like Fiverr and Upwork that have been controlling the work of freelance workers and employers alike for the last decade.

DeeLance is a freelancing platform leveraging Blockchain technology to redefine how freelancers connect with potential employers and buyers of their work. 

It intends to build a new freelance economy that removes intermediaries, gives freelancers full ownership of their work, and ensures buyers’ ownership of purchased digital work. 

DeeLance’s decentralized platform entails micro-communities in a metaverse where buyers and sellers of creative works can meet, discuss ideas, network, and form bonds, and an NFT marketplace, where they can also transact.

Features of Deelance

In the Metaverse, users can conduct virtual meetings in thematic rooms, showcase their work in interactive exhibitions, and participate in virtual networking events and job fairs. 

It breaks down geographic barriers and facilitates global collaboration, making it a powerful tool for the future of remote work and global business.

NFT Marketplace: The NFTs product of Deelance tokenizes Freelancer’s unique and valuable pieces of work, proving ownership and enabling royalties for future use or sale. 

They also verify the credentials and reputation of Freelancers on the platform, adding a layer of trust and transparency for all parties. This creates more value and security for freelancers and clients alike.

The $DLANCE Token

$DLANCE is the utility token that powers the Deelance ecosystem.

$DLANCE will play a vital role in facilitating transactions within the NFT marketplace and powering activities in the metaverse. 

Holders will have exclusive access to exciting features such as themed meeting rooms, virtual galleries for portfolio showcases, job fairs, advertising opportunities, and much more. 

The aim is to provide a seamless, secure, and innovative experience that leverages the power of blockchain technology and the metaverse to revolutionize the way we collaborate and work remotely.

$DLANCE holders are eligible for discounts on the platform, get NFT whitelists, and have early access to new features.

$DLANCE is an ERC20 token deployed on Ethereum mainnet. The total supply of $DLANCE tokens is 1 billion (1,000,000,000).

How to buy $DLANCE

Visit the official website Deelance 
Fund your MetaMask, Trust wallet, or any EVM-compatible wallet with ETH or USDT. 
Proceed to the presale widget, and follow the on-screen instruction to connect your wallet.
Next, click on swap and input the intended swap amount 
Approve the transaction and make sure you have enough ETH to cover a gas fee.
After the transaction is successful, you should be able to get your tokens following the on-screen information.

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