STELLAR price, news and Forecast (XLM US DOLLAR)
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Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds
Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.
Pi Network Price Forecast: PI struggles to rebound amid muted demand
Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.
Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple face downside risks as breakout attempts falter
Bitcoin, Ethereum and Ripple continue to trade in red on Wednesday as recent breakout attempts lose momentum near key resistance levels. BTC failed to reclaim the $90,000, ETH slipped below $3,000, while XRP faced rejection near $1.96.
Top Crypto Losers: NIGHT, PUMP, TAO – Altcoins plunge just before the holidays
Midnight (NIGHT), Pump.fun (PUMP) and Bittensor (TAO) are leading losses over the last 24 hours as the broader cryptocurrency market declines. The altcoins under pressure risk further losses as the selling pressure rises just before the holidays.
Crypto Today: Bitcoin, Ethereum, XRP tilt toward breakout on risk-on sentiment
Bitcoin (BTC) kicked off October on a strong note, with the price breaking above $116,000 on Wednesday. Despite a market-wide expectation that September is usually a bearish month for cryptocurrencies, BTC posted gains of 5.31%.
BTC
ETH
XRP
WHAT IS STELLAR?
According to the Stellar Development Foundation, Stellar is an open-source network for currencies and payments. It’s native token, XLM, makes it possible to create, send and trade digital representations of all forms of money — dollars, pesos, Bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network. Learn more in our Stellar lumens Guide.
The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash — Stellar is much faster, cheaper and more energy-efficient than typical blockchain-based systems.
Characteristics of Stellar
Stellar (XLM) was launched in July 2014 as a decentralized open-source protocol to allow performing crypto transfers to fiat and vice versa.
- Decentralized control, allowing anyone to participate without a central authority.
- Low latency, reaching an unanimous consensus in only a few seconds.
- Flexible trust, the user is free to trust any combination of parts.
- Asymptotic security, avoiding 51% of the attacks based on digital signatures and hash families.
Differences between Bitcoin and Stellar
Which are the main differences between XLM and BTC?
- XLM transactions are faster than BTC.
- Transaction fees are lower on the Stellar network.
- XLM's supply increases annually at a fixed interest rate of 1%.
- Stellar network allows users to transact freely in their choice either with fiat or cryptocurrency.