Stop the Presses: Stellar’s Transaction Count Doubles — Is the Crypto Party Back? 🎉
Okay, hold onto your seats, folks. Stellar just dropped a little secret, and it’s basically the crypto equivalent of finally figuring out how to use your DVR — wild progress! Their daily transactions just doubled, jumping from a measly one million to over three million. Yep, Stellar’s basically saying, “Hey, we’re not just pretty charts, we actually do stuff.”
And it’s not just about the numbers, even though literally it is. The ecosystem now supports over 336,000 assets—because apparently, Stellar knows that variety is the spice of life—and over 8.8 billion accounts. That’s a lot of digital friends, processing over 7.9 million operations a day. Even if its price isn’t screaming “rocket launch” just yet, Stellar’s business is booming behind the scenes, especially with DEX trades hitting 1.44 million in the last 24 hours. Talk about a busy blockchain! 💼🤖
Market-wise, Stellar (XLM) is worth a smooth $8 billion — which in the crypto universe is basically Monopoly money — trading at around $0.25. Sure, it’s below the 50 and 200 EMAs (that’s fancy talk for “moving averages” for those not obsessively chart-reading), but don’t let that fool you. The on-chain activity has a bullish vibe, kinda like when your cat pauses before knocking everything off the table.
The RSI (that’s just a fancy way of measuring if it’s overbought or oversold) is chilling at about 44 — so a little upward push could be happening any minute, no need to panic. The price is also cozying up to a support zone that’s been around since April, so Stellar might just be warming up for a comeback. 🐱📈
If this trend keeps up, we might see XLM creeping towards $0.30-$0.32 before you can say “HODL.” But to make that happen, it’ll need to break past the 50 and 200 EMAs — basically, the blockchain equivalent of passing your driving test. So, yeah, Stellar’s blockchain is hot again, folks. Now if only the market could get the memo… 📉🚀
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2025-06-06 16:06