The Cause Of XLM Prices Rising, Check Here!

XLM has experienced a significant increase in the last 24 hours. (Photo; Doc. CoinJournal)

JAKARTA Stellar Lumens (XLM) has been in the spotlight in the crypto world because of its tremendous price increase. The price of XLM rose 4.5 percent in the last 24 hours, managed to penetrate the figure of 0.12 US dollars or Rp1,800. This increase made the price movement of XLM different from most other cryptocurrencies and attracted the attention of investors.

In addition, market analytics company Santiment predicts a bright future for XLM. They indicate a "big breakthrough" that has the potential to make Stellar a topic of conversation among market analysts and crypto investors.

The XLM developer is scheduled to issue an announcement whose contents are still kept secret on September 12. Stellar only writes mysterious messages on social media.

"Beranggu untuk perubahan yang membuat kita semua semangat," tulis Stellar. Pengumuman ini membuat banyak orang tarik dan memicu speculasi.

In addition, Santiment noted that XLM is consistently purchased by many people, meaning that there is ongoing liquidation. This can push the price of XLM up, providing additional impetus to growth.

In an analysis of the XLM/USD market, it can be seen that this coin entered a bullish momentum that lasted over the past 24 hours. Stellar's price (XLM) rose from a daily low of around US$0.116 (Rp1,700) to a daily high of around Rp1,911 before breaking its resistance level.

According to a Coingape report, if it manages to penetrate resistance at Rp1,919, it is possible that XLM will target the next resistance level at 0.135 US dollars or Rp2,056. Even so, it is possible for the XLM price movement to drop first before continuing its positive trend.

The market capitalization and trading volume of XLM have also increased in the last 24 hours. This shows an increase in interest and activity in XLM coins. Market capitalization reached IDR 52.1 trillion and trading volume reached IDR 2 trillion.

Although it is not yet clear what is the content of Stellar's recent announcement, this has attracted public attention because it has succeeded in boosting XLM price performance. With the current positive trend and high market anticipation, XLM may be on the verge of major changes in its development.