Stellar Price Soars 10%: Is This the Crypto Comedy of the Year? 😂💰

Well, well, well! Look who’s up 10% this week! Stellar price (XLM) is strutting its stuff from the $0.260 support zone, and it’s not just a little shimmy—it’s nearly 2% up intraday! Why, you ask? Because Nasdaq decided to throw XLM a party, adding it to the benchmark index via a new SEC filing. And guess what? The decision is still pending! Talk about a cliffhanger! 🎢

In the land of crypto optimism, this news has given XLM a reason to dance! At the time of writing on Wednesday, it’s flirting with its falling wedge’s upper border. If it breaches that border, we might just see XLM hit the high notes of Q4 2024! 🎤

But wait, there’s more! This optimism isn’t just a pretty face; it’s backed by fundamentals that are growing faster than a weed in a garden! The stablecoin market cap and TVL are spiking like they just won the lottery! All signs point to bulls charging in, ready to stampede! 🐂💨

So, hold onto your hats, folks! XLM price could be on the verge of a massive bullish move, with several triggers likely to fuel this bull stampede! 🐂🔥

Can XLM Price Benefit From “Hashdex Nasdaq Crypto Index US” ETF’s 90% Approval Odds?

Stellar’s price gain comes as the chatter around the altcoin season heats up! Investors are seeing the odds of approving top crypto ETF applications by the SEC rising faster than a soufflé in the oven! 🍰

According to Bloomberg ETF analyst Eric Balchunas, who’s got the freshest odds of approval, baskets/index, litecoin, and Solana are strutting around with the highest 90% odds. Talk about a popularity contest! 🏆

Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs.

— Eric Balchunas (@EricBalchunas) June 10, 2025

This is extremely bullish for XLM, even though it doesn’t have its own individual ETF like SOL and LTC. So, for XLM and others to rise, the next few months are crucial—like a plot twist in a Mel Brooks movie! 🎬

XLM Price Bullish Bias Is Supported By On-Chain Metrics

According to DefiLlama, Stellar’s TVL recently reached a new ATH of $97.5 Million! That’s right, folks! More users are engaging with the network than ever before! It’s like a party, and everyone’s invited! 🎉

Also, the stablecoin market cap has skyrocketed to $680 million at the start of the current week! These numbers are clearer than a Mel Brooks punchline! 😂

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• Chainlink Price Surges Past $15 as CCIP Powers Cross-Border CBDC Swap
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Stellar’s Plan To Lead In Payments Would Pump XLM Price

In a recent interview, the XLM CEO Denelle Dixon emphasized that the Stellar Development Foundation, under her leadership, is focused on making XLM the king of payment solutions! 👑

She even referenced founder Jed McCaleb’s vision of making money move as easily as email! Can you imagine? Cross-border transactions with just a fingertip! It’s like magic! 🪄

Stellar Development Foundation CEO Denelle Dixon on the task of making $XLM lead in payments, following @JedMcCaleb vision of making money move like email: “You want to be able to cross-border no matter where you are.”

— ALLINCRYPTO (@RealAllinCrypto) June 11, 2025

This vision might just be what influenced indices like NASDAQ to acknowledge cryptos like XLM and give it a piece of ETF exposure! They deserve it! 🎊

On these ongoing bullish notes, if XLM price mirrors top altcoins, it could break above $0.40 and target highs seen in early December 2024! But beware! If bears take control below $0.30, we might be in for a wild ride down to $0.10! 🎢

Additionally, in the long term, the target for this year goes up to $0.639 and $0.796! And in extreme bullish conditions, we could see targets aimed up to $2! That’s right, folks! Following the break of current all-time highs around $0.93 seen in 2018, it may be on the long-term bulls’ menu! 🍽️

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2025-06-12 08:13