You’ll Never Guess What’s Stirring Stellar’s Pot 🌀

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My dear friends, allow me to spin you a yarn about this here Stellar token, which seems about as eager to break out as a hungry raccoon eyein’ a picnic basket. Folks say stablecoins, active addresses, and other assorted gizmos are climbing quicker than cats up a tree. 😼

They claim Stellar (XLM), bless its heart, has been flexin’ its muscles both in decentralized finance and fancy-pants technical charts. Come Friday, April 11, folks whispered that stablecoin numbers soared past $300 million, hittin’ a record $3.6 million (though I’d wager them mathematicians had a mighty long day after that). Meanwhile, active addresses multiplied more times than rabbits at a county fair, jumpin’ to 1.5 million by some contraption called Nansen. 📈

Now, as the token’s price tiptoes near some key technical line in the sand, we saw it rise a modest 5.33% on April 11 from its daily low of $0.02252. That came after the poor thing took a tumble in a descending channel since December—like a sleepy donkey wanderin’ too close to the edge. 🫏

#XLM $XLM – 1D chart

XLM just snapped off the channel low
Momentum shifting
Watch midline reclaim, breakout might go vertical 🚀

— Crypto Target (@cryptotarget11) April 11, 2025

But lo and behold, this sturdy Stellar is defendin’ its fort like a wily old guard dog. Rumor has it if XLM stays above that midline at $0.2348, it might just bound forward like a jackrabbit with fresh carrots in sight. 🥕

Why Stellar’s activity is surging

Whispers in the wind say Stellar’s been in motion for a spell now. On April 6, before active addresses took flight, Stellar’s transaction count ticked up 24% from the week prior—a tidy 70.5 million. It also soared 30% over the month, which’ll put a grin on any investor’s face, I reckon. 😏

Some fancy research claims that Protocol 22, sprung upon us last December, gave a mighty boost to privacy and speed with its newfangled zk-SNARKs. It also made buildin’ dApps a breeze—though don’t ask me for the instructions. 📜

There’s more: Galexie and Stellar RPC rolled off the assembly line to make all them numbers and data easier to eyeball. Galexie does the historical deep-dive for data explorers and bean counters, while Stellar RPC helps DeFi apps tap into real-time goodies. If that ain’t progress, well, I’m a pig’s uncle. 🐷

Lastly, before you hitch your wagon to the next intrigue, know that Stellar managed to tip its hat and land deals with Stripe, Mastercard, and Paxos. Stripe even let folks do payouts in XLM, while Paxos trotted out its very own USD stablecoin right on the Stellar network. If that ain’t the cat’s pajamas, I don’t know what is! 🤠

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2025-04-11 15:59