Stellar (XLM) benefits from SEC judgment against Ripple and experiences remarkable rally

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Stellar (XLM) erlebte einen starken Preisanstieg aufgrund des Sieges von Ripple in der SEC-Klage gegen Ripple, bei der der Richter entschieden hat, dass XRP kein Wertpapier sei und somit keine Wertpapiergesetze beim Verkauf an die Öffentlichkeit verletze. Diese Entscheidung führte zu einem Anstieg des XRP-Preises und löste eine Rallye bei mehreren anderen Kryptowährungen aus. Nachdem das Gerichtsverfahren zwischen der SEC und Ripple abgeschlossen war, erlebte auch XLM, der native Token des Stellar-Protokolls, eine bemerkenswerte Rallye, die nur von XRP übertroffen wurde. XLM erreichte ein 14-Monats-Hoch und stieg während des Intraday-Handels am 13. Juli um über 100 %. Dies führte zu …
Stellar (XLM) experienced a strong price increase due to the victory of Ripple in the SEC lawsuit against Ripple, in which the judge decided that XRP was not a securities and therefore do not violate any securities laws when selling to the public. This decision led to an increase in the XRP price and triggered a rally with several other cryptocurrencies. After the legal proceedings between the Sec and Ripple had been completed, XLM, the native token of the Stellar protocol, also experienced a remarkable rally that was only exceeded by XRP. XLM reached a 14-month high and rose over 100 %during the intraday trade on July 13th. This led to ... (Symbolbild/KNAT)

Stellar (XLM) experienced a strong price increase due to the victory of Ripple in the SEC lawsuit against Ripple, in which the judge decided that XRP was not a securities and therefore do not violate any securities laws when selling to the public. This decision led to an increase in the XRP price and triggered a rally with several other cryptocurrencies.

After the legal proceedings between the SEC and Ripple had been completed, XLM, the native token of the Stellar protocol, also experienced a remarkable rally that was only exceeded by XRP. XLM reached a 14-month high and rose over 100 %during the intraday trade on July 13th. This led to an exceptionally high commitment of investors, which led to a remarkable increase in the market value of XLM by about $ 1.3 billion.

The current price for XLM is $ 0.1468. This reflects an impressive increase of 51.91 % in the last 24 hours and has led to an overall market capitalization of $ 3.99 billion. Due to this price increase, many retailers now have the price level of $ 0.2 in sight.

Chart analysis shows that XLM currently has a level of support at $ 0.1253 and a level of resistance at $ 0.15168. In the past, XLM has already reached higher levels and could reach the $ 0.2 brand in the near future if XRP continues to strive for the $ 1 mark and Bitcoin maintains its influence on the general market mood.

It is also worth noting that the Trademarks of Stellar Lumens reflects a positive market mood because the trade is above the sliding 200-day average. In addition, XLM had 16 green days in the last 30 days, which indicates a majority of positive price movements.

Stellar Lumens is also characterized by high liquidity, which means that there is a considerable trading volume and a high market activity. This contributes to higher market efficiency and makes it easier to buy or sell XLM token.

Another factor that contributes to the growth of Stellar is the option of being selected as an intermediary for the blockchain component of the Fednow payment system. Fednow is an instant service developed by the Federal Reserve, which is intended to integrate traditional banking with decentralized financing (Defi). Potential integration with Fednow would further increase the acceptance and benefits of Stellar Lumens and have a positive effect on the market performance of Stellar.

It is important to note that this article does not represent investment advice and that investments are always associated with risks.