{"id":540275,"date":"2023-06-29T08:35:52","date_gmt":"2023-06-29T08:35:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540275"},"modified":"2023-06-29T09:55:05","modified_gmt":"2023-06-29T09:55:05","slug":"stellar-xlm-outshines-altcoins-with-17-rally-heres-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stellar-xlm-outshines-altcoins-with-17-rally-heres-why\/","title":{"rendered":"Stellar (XLM) Outshines Altcoins With 17% Rally – Here’s Why"},"content":{"rendered":"

Stellar (XLM) has recently experienced a remarkable surge, outshining various altcoins in the market. In a surprising turn of events, Stellar witnessed a staggering 17% increase in its value, giving investors and enthusiasts something to look forward to.<\/span><\/p>\n

This surge comes as a breath of fresh air for the crypto community, which has been grappling with volatility and uncertainty in the last few weeks. <\/span><\/p>\n

With a strong focus on scalability and accessibility, Stellar has garnered a loyal following among individuals and organizations seeking efficient and inclusive financial solutions.<\/span><\/p>\n

\"\"<\/p>\n

XLM up 17% in the weekly timeframe. Source: Coingecko<\/pre>\n
But what factors have contributed to this remarkable growth?<\/span><\/p>\n
Market Momentum, Technological Advancements Fuel Stellar’s Rise<\/strong><\/h2>\n
The recent surge over the past seven days is not only a testament to the altcoin’s individual strength but also reflective of the broader market’s positive momentum. <\/span><\/p>\n
One contributing factor to Stellar’s surge is the continuous stream of robust upgrades and advancements being made by its developers. Stellar’s blockchain technology, known for its speed and scalability, has been steadily improving, solidifying its position as a reliable and efficient payment protocol.\u00a0<\/span><\/p>\n
Related Reading:  Cardano Set To Be Delisted On Huobi \u2013 Will It Dent ADA Price?<\/a><\/div>\n
<\/p>\n
XLAM market cap currently at $2.7 billion. Chart: TradingView.com<\/a><\/pre>\n
According to a <\/span>post on Twitter by Timer Weller<\/span><\/a>, a core developer of the Stellar protocol, developers now have the opportunity to utilize the recently introduced overlay protocol. This protocol brings about substantial scalability improvements for Stellar and enables efficient invocations of Soroban smart contracts.<\/span><\/p>\n
\n
If you’re building on Stellar check this out. This small change in the overlay protocol will allow Stellar to scale significantly and enable efficient Soroban smart contract invocations. https:\/\/t.co\/oCVUaMv1qB<\/a><\/p>\n
\u2014 Tomer Weller (@tomerweller) June 27, 2023<\/a><\/p><\/blockquote>\n
XLM\u2019s current price on CoinGecko<\/span><\/a> is standing at $0.100996. Despite a minor 1.0% slump over the past 24 hours, the altcoin has experienced an impressive surge of 16.9% in the past seven days.<\/span><\/p>\n
Stellar Scalability Upgrades Open Doors For Expansion\u00a0<\/strong><\/h2>\n
The introduction of the <\/span>new overlay protocol in the Stellar ecosystem<\/span><\/a>, as highlighted by Weller marks a significant milestone for the blockchain platform. With this protocol in place, Stellar can now achieve a higher level of scalability, unlocking new possibilities for expansion and improved smart contract functionality.<\/span><\/p>\n
\"\"<\/p>\n
XLM price ascent in the last seven days. Source: CoinMarketCap<\/a><\/pre>\n
Scalability has long been a crucial challenge for many blockchain networks, hindering their ability to handle a large volume of transactions swiftly and efficiently. However, with the implementation of the overlay protocol, Stellar aims to overcome this hurdle and provide a scalable infrastructure that can meet the demands of a growing user base.\u00a0<\/span><\/p>\n
Related Reading: Avalanche (AVAX) Rumbles With 18% Gain \u2013 Is A Trend Reversal On The Horizon?<\/a><\/div>\n
By optimizing the underlying architecture, Stellar enhances its capacity to process transactions at a faster rate while maintaining the security and reliability that the network is known for.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Robert Fesen<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Stellar (XLM) has recently experienced a remarkable surge, outshining various altcoins in the market. In a surprising turn of events, Stellar witnessed a staggering 17% increase in its value, giving investors and enthusiasts something to look forward to. This surge comes as a breath of fresh air for the crypto community, which has been grappling with volatility and uncertainty in the last few weeks. With a strong focus on scalability and accessibility, Stellar has garnered a loyal following among individuals and organizations seeking efficient and inclusive financial solutions. XLM up 17% in the weekly timeframe. Source: Coingecko But what factors have contributed to this remarkable growth? Market Momentum, Technological Advancements Fuel Stellar’s Rise The recent surge over the past seven days is not only a testament to the altcoin’s individual strength but also reflective of the broader market’s positive momentum. One contributing factor to Stellar’s surge is the continuous stream of robust upgrades and advancements being made by its developers. Stellar’s blockchain technology, known for its speed and scalability, has been steadily improving, solidifying its position as a reliable and efficient payment protocol.\u00a0 Related Reading: Cardano Set To Be Delisted On Huobi \u2013 Will It Dent ADA Price? XLAM market cap currently at $2.7 billion. Chart: TradingView.com According to a post on Twitter by Timer Weller, a core developer of the Stellar protocol, developers now have the opportunity to utilize the recently introduced overlay protocol. This protocol brings about substantial scalability improvements for Stellar and enables efficient invocations of Soroban smart contracts. If you’re building on Stellar check this out. This small change in the overlay protocol will allow Stellar to scale significantly and enable efficient Soroban smart contract invocations. https:\/\/t.co\/oCVUaMv1qB \u2014 Tomer Weller (@tomerweller) June 27, 2023 XLM\u2019s current price on CoinGecko is standing at $0.100996. Despite a minor 1.0% slump over the past 24 hours, the altcoin has experienced an impressive surge of 16.9% in the past seven days. Stellar Scalability Upgrades Open Doors For Expansion\u00a0 The introduction of the new overlay protocol in the Stellar ecosystem, as highlighted by Weller marks a significant milestone for the blockchain platform. With this protocol in place, Stellar can now achieve a higher level of scalability, unlocking new possibilities for expansion and improved smart contract functionality. XLM price ascent in the last seven days. Source: CoinMarketCap Scalability has long been a crucial challenge for many blockchain networks, hindering their ability to handle a large volume of transactions swiftly and efficiently. However, with the implementation of the overlay protocol, Stellar aims to overcome this hurdle and provide a scalable infrastructure that can meet the demands of a growing user base.\u00a0 Related Reading: Avalanche (AVAX) Rumbles With 18% Gain \u2013 Is A Trend Reversal On The Horizon? By optimizing the underlying architecture, Stellar enhances its capacity to process transactions at a faster rate while maintaining the security and reliability that the network is known for. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Robert Fesen<\/p>\n","protected":false},"author":557,"featured_media":540283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,4735,3970,87152],"class_list":["post-540275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-price-action","tag-stellar","tag-xlm-price"],"acf":[],"yoast_head":"\nStellar (XLM) Outshines Altcoins with 17% Surge - Here's Why<\/title>\n<meta name=\"description\" content=\"Stellar (XLM) has recently experienced a remarkable surge, outshining various altcoins in the market. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stellar (XLM) Outshines Altcoins With 17% Rally – Here’s Why","url":"http:\/\/ktsl888.com\/news\/stellar-xlm-outshines-altcoins-with-17-rally-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/stellar-xlm-outshines-altcoins-with-17-rally-heres-why\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-156.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-156.png?fit=1088%2C721"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","price action","stellar","xlm price"],"dateCreated":"2023-06-29T08:35:52Z","datePublished":"2023-06-29T08:35:52Z","dateModified":"2023-06-29T09:55:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stellar (XLM) Outshines Altcoins With 17% Rally – Here’s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/stellar-xlm-outshines-altcoins-with-17-rally-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/stellar-xlm-outshines-altcoins-with-17-rally-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-156.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-156.png?fit=1088%2C721\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"price action\",\"stellar\",\"xlm price\"],\"dateCreated\":\"2023-06-29T08:35:52Z\",\"datePublished\":\"2023-06-29T08:35:52Z\",\"dateModified\":\"2023-06-29T09:55:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-156.png?fit=1088%2C721","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=540275"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/540283"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=540275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=540275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=540275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}