Stellar Grabs a Slice of $60B Pie: $2.50 Coming For XLM?

Some seasoned charterers believe Stellar Lumens (XLM) has the strongest setup in monthly terms. Now, the ascending trendline presents Fibonacci extensions that predict a sharp XLM price move targeting around $2.50, but are these technicals backed by any cold-fact based substance?

Based on the recent pitch by Danelle Dixon, the Stellar Foundation CEO, Stellar’s unique privacy model could bring in institutional capital that’s looking for both privacy & strict legal compliance. According to Dixon, Stellar offers the full package: an open base layer with optional controls layered on top to suit institutional finance while preserving blockchain benefits.

In the Thinking Crypto Podcast, Stellar CEO Danelle Dixon highlights built-in tools for managing sender-receiver data flows, thus enabling financial institutions to maintain required privacy without altering the core network.

A great example of this is Franklin Templeton’s BENJI fund, paying real-time dividends to their customers via XLM Network. Spiko is the runner-up with EUTBL (EU T-Bills), USTBL (US T-Bills) & other government money market funds.

No doubt, Stellar Lumens (XLM) is a DLT chain that’s well positioned to tokenize real-world assets (RWAs), as seen in the recent critical acclaim from the Depository Trust & Clearing Corporation (DTCC). Holding roughly $114 trillion in securities, the DTCC will use Stellar’s blockchain technology for the inaugural release of their tokenization project in early 2027.

That’s where the $2.50 XLM price theory becomes plausible. That would print a new all-time peak for Stellar Lumens (XLM), hitting an all-time high (ATH) of $0.79 on May 16, 2021. Aside from the favorable Fibonacci extensions pointed out by Celal, renewed retail interest would be the key catalyst: XLM lacks at least $20B in additional market capitalization to reach this goal.

As of press time, the #16 asset by market capitalization saw a mild bounce of 1.98% within a 24-hour time-frame, while Bitcoin (BTC) & Ethereum (ETH) witnessed larger gains. The apex crypto asset picked up 4.14% following Donald Trump’s announcement of relieving the 20% imposed tax, which was heavily rattling the financial markets yesterday. ETH gained 5.5%.

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