Crypto
Stellar's Price Hurdle: Can Institutional Deals Boost $0.25 Target?
Stellar's price has been stagnant for months, despite significant institutional partnerships. The XLM token currently trades at $0.1907, having gained 19.5% in the past month but still far below its resistance level of $0.25.
A major US bank used the Stellar network to run a stablecoin across borders in September, while DTCC incorporated Stellar into its tokenization initiative for Russell 1000 stocks.
The SEC and CFTC have also recognized XLM as one of 16 digital commodities. However, the path forward for Stellar is uncertain, with competition from XRP Ledger intensifying.