Stellar price follows in the footsteps of XRP, Ripple’s cryptocurrency

  • Alliances and strategic associations drive the rise of the asset.

  • In the last 7 days, the price of XLM increased by 16%.

The price of Stellar (XLM) has increased more than 35% since January 1, standing out as the top 50 cryptocurrency with the biggest increase at the beginning of 2025.

In this way, The digital asset strengthens its position in 12th place in the ranking of cryptocurrencies with the highest capitalization. Currently, its value exceeds 14.5 billion dollars.

In the last 7 days, XLM went from $0.40 to $0.47, which represents an increase of 16%.

As explained in Cryptopedia, the educational section of CriptoNoticias, The Stellar network focuses on improving cross-border payments, making them faster, cheaper and more efficient, offering an alternative to traditional banking systems such as SWIFT. It is worth clarifying that this is not a special feature of Stellar but is something common to any cryptocurrency.

The Stellar development team has been able to develop numerous commercial alliances, which led to More and more renowned companies integrate the Stellar network into their operations.

In November 2024, Franklin Templeton revealed its plans to manage $1.7 billion in assets on the Stellar network through tokenization, launching its RWA token, BENJI.

For its part, Paxos partnered with Stellar to boost the use of stablecoinsimproving global access to digital dollars with fast and affordable transactions.

In addition, Mastercard recently announced that uses the network in its Crypto Credential solution, which allows verifying interactions between users and companies. This tool makes it easy to send cryptocurrencies via email, simplifying and making the process more accessible.

As a result of these alliances, the visibility and adoption of XLM grew among investorswhich generates upward pressure on its price.

XLM to the rhythm of XRP

XLM performance coincides with the price rise of XRP, the cryptocurrency issued by Ripple Labs, which once again reached a price of $3 after 7 yearsas reported by CriptoNoticias.

XRP’s performance is often mirrored in XLM (and historically has been) because both assets share a similar market segment. Both Ripple and Stellar are working to establish alliances with banking and financial entitieswith the aim of improving global transactions in this environment.

In addition, they have co-founders in common, so the market usually establishes relationships between both assets, even though they are two different and independent ecosystems.

XRP quote in the last 30 days. Source: CoinMarketCap.

Finally, it is important to highlight that the increase in prices of XLM, as well as that of bitcoin (BTC) and other cryptocurrencies, is also explained by the news that the new government of Donald Trump will review the policies on digital assets imposed by Gary Gensler , who still holds the position of head of the United States Securities and Exchange Commission (SEC).

According to the Reuters report, once Gensler leaves his position, the new authorities will begin a review process that will cover both the legal cases pending in court and the establishment of clear regulation on which cryptocurrencies are considered securities (securities) and which ones are not.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *