STELLAR price, news and Forecast (XLM US DOLLAR)
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XRP edges lower despite record on-chain activity and steady ETF inflows
Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.
Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem
Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.
Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal
Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence.
Cardano builds recovery momentum as sentiment improves
Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.
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.