Brandt Backs Stellar: Veteran Trader Sees Long-Term Potential in XLM

Veteran commodity trader Peter Brandt has identified Stellar (XLM) as a potential long-term winner. In a recent social media post, he called XLM a good 'long shot' bet over the next several years, citing its nearly 7% price jump.

XLM is currently trading at roughly $0.2233, up 6.9% over the past 24 hours. The token traded between $0.2071 and $0.2343 during the same period, meaning it briefly climbed more than 13% from the session low to the intraday high.

Brandt's bullish view on XLM comes as the Stellar ecosystem has seen some recent developments, including BVNK integrating XLM into its payments platform and adding the USDT0 stablecoin. His long-term chart of XLM shows a contracting structure with an upward-sloping support line underneath.