Reasons for the recent surge in Stellar (XLM) currency
- William ShakespeareOriginal
- 2024-12-06 11:50:02964browse
The Stellar team has launched a major network upgrade called Horizons Amber, which is designed to increase the scalability and efficiency of the network. After the upgrade, Stellar's speed and throughput have been improved, attracting investor interest; Stellar has reached a partnership with technology giant IBM to jointly develop cross-border payment solutions. IBM has a large network of enterprises around the world, and this partnership provides Stellar with broad adoption channels.
The reason why Stellar (XLM) currency has experienced a sharp rise recently
Stellar (XLM) currency has experienced a sharp rise recently. Mainly due to the following factors:
1. Stellar Network Upgrade
The Stellar team has launched a major network upgrade called Horizons Amber, which is designed to improve the scalability and efficiency of the network. After the upgrade, Stellar’s speed and throughput were improved, attracting investor interest.
2. Cooperation with IBM
Stellar has entered into a partnership with technology giant IBM to jointly develop cross-border payment solutions. IBM has a large network of enterprises around the world, and this partnership provides Stellar with broad adoption channels.
3. The rise of the DeFi ecosystem
The decentralized finance (DeFi) ecosystem is rapidly developing, and Stellar is seen as a potential platform for DeFi applications. Stellar offers fast, low-cost transactions, making it an ideal foundation on which to build DeFi protocols.
4. Institutional Investment
Institutional investors, such as hedge funds and venture capital firms, are increasingly looking to XLM as an asset in their diversified portfolios. This shows the institution’s recognition and confidence in the Stellar project.
5. Market Sentiment
The cryptocurrency market has generally risen recently, and XLM has benefited from it. Positive market sentiment and investor confidence fueled further gains for XLM.
6. Limited Supply
XLM’s supply is capped at 50 billion pieces, of which approximately 23% are already in circulation. The limited supply increases XLM’s scarcity, driving up its price.
7. Community Support
Stellar has an active and loyal community that has played an important role in the growth and adoption of XLM. Community support provides momentum and confidence to the project.
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