{"id":75053,"date":"2023-09-08T20:05:00","date_gmt":"2023-09-08T20:05:00","guid":{"rendered":"https:\/\/kryptodata.se\/what-is-the-reason-behind-the-increase-in-stellar-xlm-price-this-week\/"},"modified":"2023-09-08T20:05:00","modified_gmt":"2023-09-08T20:05:00","slug":"what-is-the-reason-behind-the-increase-in-stellar-xlm-price-this-week","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/what-is-the-reason-behind-the-increase-in-stellar-xlm-price-this-week\/","title":{"rendered":"What is the reason behind the increase in Stellar (XLM) price this week?"},"content":{"rendered":"

Stellar’s recent pre-announcements have sparked speculation among traders about potential developments for XLM. However, the impact on the price of XLM may be short-lived.<\/p>\n

The price of XLM experienced an 11.5% increase between Sept. 2 and Sept. 8, while Bitcoin and most altcoins were down for the week.<\/p>\n

Stellar’s preliminary announcement on social media hinted at something significant happening on Sept. 12, with phrases like “something cool is dropping” and “change” being used.<\/p>\n

On Sept. 7, Stellar teased a potential partnership, suggesting a possible rebranding and a shift towards real-world assets like stocks, bonds, and real estate.<\/p>\n

Rumors circulated about Elon Musk’s X potentially integrating XLM after obtaining a currency transmitter license. However, XLM’s current market capitalization falls short of making it a top contender.<\/p>\n

Stellar recently became a minority investor in payments provider MoneyGram International, aiming to expand its digital business and explore blockchain technology.<\/p>\n

Stellar is preparing to deploy a smart contract platform called Soroban on its mainnet, positioning itself to compete in the decentralized application market.<\/p>\n

The potential for RWAs in decentralized finance holds significant potential, but concrete evidence is needed regarding what Stellar’s payment network might unlock.<\/p>\n

Summary:<\/p>\n

– Stellar’s pre-announcements have led to speculation about XLM’s future developments.<\/p>\n

– XLM experienced an 11.5% price increase while other cryptocurrencies were down.<\/p>\n

– Stellar hinted at something significant happening on Sept. 12 and teased a potential partnership.<\/p>\n

– Rumors about Elon Musk’s X integrating XLM are unfounded.<\/p>\n

– Stellar became a minority investor in MoneyGram International.<\/p>\n

– Stellar is preparing to deploy the Soroban smart contract platform.<\/p>\n

– The potential for RWAs in decentralized finance is significant.<\/p>\n

– Concrete evidence is needed for further gains in XLM’s price.<\/p>\n","protected":false},"excerpt":{"rendered":"

<\/p>\n

Stellar\u2019s pre-announcements may have caused traders to create multiple scenarios for potential XLM developments, but their impact on the XLM price could be short-lived. <\/p>\n","protected":false},"author":1,"featured_media":75054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[21],"tags":[47],"class_list":["post-75053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"yoast_head":"\nWhat is the reason behind the increase in Stellar (XLM) price this week? 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