“As Cointelegraph previously reported, Stellar recently won the battle of blockchain payment networks against Ripple amid a major sentiment reversal. This came shortly after the Stellar Development Foundation inked an agreement with the Ukrainian government on Jan. 4, 2021 to collaborate on a new digital asset ecosystem including a central bank digital currency. The partnership immediately fueled massive XLM growth, resulting in 30% daily gains on Jan. 5.”
“Although not a substantial one, stellar has sustained recovery following the breakdown from the recent new yearly high at $0.4. Besides, the cross-border transfer token continues to trade within a descending parallel channel. Price action has been limited at $0.3, delaying recovery and allowing bearish pressure to build.”
“Simultaneously, closing the day above the immediate resistance at $0.3 is likely to call for more buy orders as investors’ confidence in recovery improves. A break above the ascending channel may boost Stellar back to the price levels around $0.4.”
Stellar continues to blast through records and process more transactions than the next 4 blockchains combined! $xlm
STILL VERY UNDERVALUED..
This is not financial advice. This is entertainment. investing may result in the loss of all funds. Seek a professional for advice.
#XLM #Stellar #Cryptocurrency