Price of Stellar (XLM) rose close to 100% in a week, placing it above the $ 0.25 threshold. Aiming to bridge the gap between cryptocurrencies and fiat currencies, Stellar also managed to enter the top 10 in the market capitalization rankings.
Stellar (XLM) has risen by about 95% in the last 7 days and more than 60% in the last 24 hours. XLM, one of The Shining Coins of the altcoin rally with its performance, managed to raise its price above the $ 0.25 level. With this rise, Stellar, which has raised its market value by almost $ 6 billion, is 10th in the market value ranking. he sat in line. Although $ 0.87, a record high for XLM, appears to be a target far away, the momentum it has captured has given investors hope.
Stellar and the Ukrainian government shake hands
Coinputin had informed yesterday about Ukraine Government and XLM agreement. Stellar’s recent significant cooperation with the Ukrainian government may be one of the key factors fueling the rise. With this partnership, Stellar will assist in the digitisation of the Ukrainian Hryvnia. While the role of XLM coin in this collaboration remains unclear, stellar executives have confirmed that payment systems will form a large part of the partnership.
Denelle Dixon, CEO and director of the Stellar Foundation, expressed her eagerness to digitize hryvna and deliver Stellar-based services to the people and businesses of Ukraine. Stellar personally shook hands with the government to present these new opportunities. It is reported that the work will be carried out together with both ministries and many private partnerships.
OCC news helped Stellar
Famous global strategist Shant Manukyan explained in a video that the OCC’s statement had a positive impact on some cryptocurrencies in particular. Among these cryptocurrencies, XLM was counted as well as coins such as Solana (SOL) and Algorand (algo). Manukyan argued that a market separation occurred with the decision on independent node verifier networks and stablecoins, and suggested that stellar in particular may have gained momentum with the OCC decision.