Ethereum

bullish

Solana

Stellar

<p>With an exceptional 30-day growth of 474.0%, Stellar has outperformed almost all the top ten cryptocurrencies, including Bitcoin, (34.1%), Ethereum (38.5%), Solana (38.6%), and even XRP (262.3%). The current XLM price of $0.5404 is just 36.102% lower than the 2021 peak of $0.7355. XLM enthusiasts anticipate that the <a href="https://coinpedia.org/price-prediction/stellar-price-prediction/" target="_blank" rel="noreferrer noopener">XLM price </a>could hit $1 by December. Let analyse whether the market’s technical and fundamental scenarios support this expectation. Ready?&nbsp;</p>   
<h2 class="wp-block-heading" id="h-stellar-s-impressive-price-performance-nbsp">Stellar’s Impressive Price Performance&nbsp;</h2>   
<p>On May 11, 2021, the price of Stellar stood at a yearly peak of $0.7355. On May 19, 2021, the price sharply plummeted from $0.6464 to $0.4429, marking a significant single-day drop of 31.48%. The current XLM price is the highest recorded since May 20, 2021.&nbsp;</p>   
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<p>At the start of this month (November, 2024), the XLM market was at $0.0933. Since November 5, the market has surged by over 492.54%. During this upward momentum, the market experienced only one major correction; it was when the price sharply dropped from $0.5359 to $0.4384 between November 25 and 26, marking a 18.19% fall. </p>   
<p>However, with a sharp rebound of 25% between November 27 and 29, the market swiftly recovered from the correction. Yesterday, the market touched a peak of $0.5480.. In the last 24 hours, it has experienced a rise of 4.9%.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-can-stellar-hit-1-technical-outlook-nbsp">Can Stellar Hit $1? Technical Outlook&nbsp;</h2>   
<p>The 50-day <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">Simple Moving Average</a> (SMA) of Stellar stands at $0.1858. The 100-day SMA is at 0.1401, and the 200-day SMA at $0.1196. The 50-day SMA crossed above the 200-day SMA on November 16, and the 100-day SMA surpassed the 200-day SMA on November 18. Right now, both the 50-day SMA and 100-day SMA remain far above the 200-day SMA, indicating a strong bullish sentiment.&nbsp;</p>   
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<p>The <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" target="_blank" rel="noreferrer noopener">MACD indicator</a> also reinforces the bullish outlook.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/30172539/The-MACD-indicator-also-reinforces-the-bullish-outlook-1024x576.png" alt="" class="wp-image-387595">
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<p>However, XLM’s RSI (<a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> )remains in the overbought zone at 77.57. This indicates that the Stellar market can experience a short-term correction before it continues its upward journey.&nbsp;</p>   [post_titles_links postid="387597"]   
<h2 class="wp-block-heading" id="h-stellar-s-fundamental-developments-nbsp">Stellar’s Fundamental Developments&nbsp;</h2>   
<p><a href="https://coinpedia.org/news/grayscale-expands-offerings-xrp-sol-and-ai-token-trusts-now-open-for-investment/" target="_blank" rel="noreferrer noopener">Grayscale Investments</a> recently offered private placements for Stellar. Reports suggest that the move is attracting significant institutional interest in the XLM market.&nbsp;</p>   
<p>Stellar is also preparing to become more integrated into the DeFi ecosystem. This includes introducing smart contracts via the innovative Soroban smart contract upgrade.&nbsp;&nbsp;</p>   
<p>In conclusion, with strong technical indicators, significant fundamental advancements, and favourable market conditions, Stellar’s future appears promising.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732967497460">
  <strong class="schema-faq-question"><strong><strong>Is Stellar (XLM) a good investment?</strong></strong></strong> 
  <p class="schema-faq-answer">Yes, it is a good investment option for the long term, as its stout fundamentals could eventually drive the price.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732967510471">
  <strong class="schema-faq-question"><strong><strong>What will be the maximum trading price of XLM by the end of 2024</strong></strong></strong> 
  <p class="schema-faq-answer">The XLM price is expected to hit a maximum of $0.75 by the year-end.</p> 
 </div> 
</div>

XLM Price Prediction: Can Stellar Hit $1 by December? Top Indicators to Watch

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