YouTuber DustyBc Crypto News has highlighted Stellar’s (XLM) performance and its promising outlook. The analyst noted similarities between Stellar and XRP but argued that XLM has untapped potential yet to be realized.
What you'll learn 👉
Stellar’s Recent Price Action Shows Recovery
DustyBc Crypto News recently highlighted Stellar’s 20% growth over the past week. Monthly trends show XLM recovering from lows around $0.32 to approximately $0.50.
The expert observed that, similar to XRP’s trajectory, XLM’s annual performance shows a recovery from below $0.10. Nevertheless, XLM is currently trading below its peak from 2017–2018, while XRP has surged to levels not seen in over seven years.
The expert also pointed out that some investors view Stellar as a refined version of XRP, given their shared origins. He remarked, “XLM does much of what XRP does but with fewer flaws.”
XLM’s Analysis Predicts a Bullish Future
According to the analyst the asset has not yet overcome key resistance levels from earlier bull markets.
The analyst suggested that XLM appears undervalued when compared to its historical performance in Bitcoin terms. He estimated a potential 10x return to reach its prior highs.
A conservative projection placed XLM’s price at $2 during this cycle, with a bullish scenario targeting $5 or more. DustyBc Crypto News stated, “At 460 Satoshis per coin, XLM still holds massive growth potential.”
Read also: Dogecoin (DOGE) Starts ‘Big Move,’ Expert Predicts Rally to $5
Market Sentiment and Adoption Fuel Optimism
The analyst emphasized that XLM’s price is lagging behind other major assets, presenting a compelling investment opportunity. Growing adoption of cryptocurrencies and possible developments in the U.S. could further support XLM’s growth.
DustyBc speculated that behind-the-scenes advancements, similar to Ripple’s progress, might benefit Stellar. He expressed confidence in XLM following XRP’s bullish trajectory soon.
Strategies for XLM Enthusiasts
DustyBc shared his trading strategy, revealing a leveraged $1,000 position that yielded a 50% profit. While acknowledging missed buying opportunities, he encouraged long-term investors to consider XLM.
He concluded, “Every dip is a juicy buying opportunity if you wait long enough.” With Stellar’s potential for growth, many believe it is well-positioned for a breakout. Analysts predict XLM could soon surpass recent highs and potentially achieve multi-dollar valuations in the months ahead.
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