Cryptocurrencies Price Prediction: Stellar, DePIN & BNB – European Wrap 30 September
|Stellar Price Forecast: XLM poised for breakout amid rising TVL, fading bearish momentum
Stellar (XLM) price edges slightly lower, trading within a falling wedge pattern on the daily chart around $0.370 at the time of writing on Tuesday. A breakout of this continuation pattern would favor the bulls. The bullish outlook is further supported by the rising Total Value Locked (TVL) and the increasing number of bullish bets among traders. Furthermore, momentum indicators also suggest that bearish pressure is fading, indicating that XLM may be poised for an upside breakout.
DePIN tokens' trading volume increases after US SEC's no-action letter to DoubleZero
Decentralized Physical Infrastructure Network (DePIN) tokens have seen a 43% increase in trading volume over the last 24 hours, following the issuance of a no-action letter by the US Securities and Exchange Commission (SEC) on Monday to DoubleZero, a DePIN project.
Kazakhstan just bought BNB to kick off its national crypto reserve
Kazakhstan’s new state-backed Alem Crypto Fund begins operations with an initial BNB purchase in partnership with Binance Kazakhstan.
Kazakhstan has launched the Alem Crypto Fund, its first state-backed initiative to invest in digital assets. The fund is managed by Qazaqstan Investment Corporation and operates under the Astana International Financial Centre (AIFC).
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