The price of Stellar (XLM) has been surging while the broader crypto market experiences a correction. In the past seven days, XLM has shown interesting price movements, leading the top-gainers with a 4.19% growth in 24 hours and a 19.55% price gain on the weekly chart. Stellar is a decentralized network launched in 2015 that connects global financial systems. Its native token, XLM, powers transactions on the platform. Over the past weeks, XLM has experienced significant gains, with a 23.6% increase in the past 14 days and a 19.55% gain in the last seven days. The trading volume for XLM has also seen a remarkable increase of 287.57% in 24 hours, going from less than $60 million to over $200 million in seven days. XLM is currently trading above the 50-day and 200-day Simple Moving Averages, indicating a bullish trend in the short and long term. Coinbase’s integration with Stellar.org and the partnership with MoonPay and MoneyGram have contributed to the bullish momentum for XLM, increasing its market sentiment and trading volume.
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