XLM Breaks Resistance, Analyst Sees $80 Billion Market Cap

Stellar Lumens (XLM) has broken through a significant resistance level of $0.18, and analysts are now looking at potential price targets.

The altcoin saw a 12% gain on Thursday as part of a broader crypto market uptick.

An analyst from Vuori Trading is projecting an $80 billion market cap for Stellar, representing a 14x increase from its current market capitalization of $6.3 billion.

This projection is based on the Fibonacci levels marked on the price chart, with key support maintained after previous higher moves.

The analyst's target at the 4.764 extension is approximately $81.86 billion.