InstaForex

October 14, 2021

These 3 Factors Invite Stellar Lumens Surge (XLM), Overcome Bitcoin Performance (BTC) In 24 Hours

 In a 24 -hour record, Stellar Lumens (XLM) recorded a daily increase of almost 11%, thus surpassing the daily performance of Bitcoin (BTC) and Ethereum (ETH).


As reported by the Stellar Development Foundation (SDF), this positive movement proves Stellar is growing rapidly for the third quarter of 2021.


Details of Stellar's growth so far can be seen as follows:



Collaboration with payment services giant, MoneyGram.

This integration allows users to connect their wallets with the company’s global retail platform, and take advantage of cash funds as well as payments in USD Coin (USDC).

Stellar as an intermediary asset for the launch of the central bank’s digital currency (CBDC).

It is reported that SDF has already published a whitepaper refining how Stellar was designed for the purpose of launching CBDC.

This network is likely to be the choice of the establishment of CBDCs from among European Union countries, developing countries in Africa, including other countries in the future.

Application of the protocol.

A ballot will be conducted for the purpose of voting on the adoption of the protocol which will give it the Automated Market Makers (AMM) function.

Through the impetus by several of these factors, XLM appears poised to soar higher in the fourth quarter of 2021.


At the time of writing, CLM is trading at $ 0.38, up 9.21% in 24 hours. The asset needs a jump of at least over 60% to re-touch an all-time high (ATH), $ 0.94 recorded in 2018.