Stellar (XLM) led the top 100 coins until June 28, and has maintained a 9% gain over the last 24 hours as of this writing.

The chart below shows how Stellar’s price has followed the market’s uptrend due to recent Bitcoin spot ETF filings by legacy companies.

On June 27, the daily candlestick rose 12% to a high of $0.1033. The price rose further on the morning of June 28, peaking at $0.1059, a 70-day high. Since then, however, prices have fallen due to heavy selling pressure.

Stellar daily amount
Source: XLMUSDT on TradingView.com

recent stella made public In Nigeria, it is working with digital money transfer company Tempo and financial technology company Cowley.

Both companies built a solution on the Stellar network to tackle the problem of traditional money transfer methods. highlighted It’s time consuming, cumbersome and costly.

By linking Cowrie’s 1:1 naria-backed NGNT token with Tempo’s EURT token, a “two-way NGNT-EURT corridor” will be formed, giving Nigerians remittance access to more. 50 countriesincluding on/off ramps in local currency.

Stella Said The technology impacts the real world, Fast, flexible, borderless transfers powered by blockchain. ”

On June 23, Coinbase added Stellar support for USD Coin (USDC), enabling USDC withdrawals and deposits on the Stellar network. The company said the move adds a significant on/off ramp for USDC holders given the breadth of its ecosystem.

The article about Stellar surging 12% to a 70-day high and outperforming the top 100 coins first appeared on CryptoSlate.

By Jules

Leave a Reply