**Could Stellar (XLM), the Primary Rival of XRP, Witness a Price Increase Following a Noteworthy 12% Rise in Trading Volume?**
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XLM, the inherent token of Stellar and a key contender to Ripple Labs’ XRP, has observed an escalation in its trading volume exceeding 12%. Market players are presently pondering if the token’s valuation will emulate a comparable optimistic path.
## Investors Shift Their Focus Towards Stellar
The upturn in XLM’s daily trading volume signals heightened investor participation on the Stellar platform. As per figures from CoinMarketCap, the token’s trading volume has ascended to $324 million within the last day.
This expansion in trading volume implies that XLM is undergoing a phase of stabilization, and thus, the price is anticipated to soon recommence its upward drive. XLM is valued at $0.30, maintaining a steady market capitalization of $9.2 billion. It’s important to observe that XLM’s decrease mirrors a wider market slump, with Bitcoin (BTC) diminishing by 2.1% on the daily chart. Toncoin (TON) Value Forecast for March 26th
In a similar vein, XRP’s price has declined by 1.9% over the past day, trading at $2.54. Like XLM, XRP has also experienced a considerable surge in investor engagement, leaping by 40.25%. Notably, XLM and XRP tend to reflect each other’s actions.
Nevertheless, XLM’s worth increased by 18% throughout the weekend, surpassing XRP’s 12% advancement. Stellar’s 18% jump propelled it from a nadir of $0.252 to a peak of $0.3086 within the day.
## Abrupt Swings in Stellar’s Value
Stellar’s ascent commenced from a bottom point of $0.252 reached in February.
Recently, Stellar (XLM) has experienced some volatility. Around February 28th, it started to increase, and throughout a three-day period, it surged, hitting a peak of $0.375 on March 2nd. Yet, as with many other digital currencies, it was unable to sustain those gains and fell back to about $0.30 prior to stabilizing again. Fueled by a larger market surge, it seems that XLM is regaining momentum on March 5th. In a single day, it rose by over 9%. At present, traders are carefully observing to determine if XLM can keep up this momentum. Presently, its trading price is between its 50-day ($0.305) and 200-day ($0.258) MA. Even digital asset analyst Ali Martinez points out that should XLM break through a symmetrical triangle pattern, a substantial 300% bull run might be observed. Let’s hope so.
