{"id":338104,"date":"2023-06-28T11:22:11","date_gmt":"2023-06-28T10:22:11","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=338104"},"modified":"2023-06-28T11:22:11","modified_gmt":"2023-06-28T10:22:11","slug":"stellar-spikes-12-to-hit-70-day-high-outperforming-top-100-coins","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/stellar-spikes-12-to-hit-70-day-high-outperforming-top-100-coins\/","title":{"rendered":"Stellar spikes 12% to hit 70-day high, outperforming top 100 coins"},"content":{"rendered":"<p>Stellar (<a href=\"https:\/\/cryptoslate.com\/coins\/stellar\/\">XLM<\/a>) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time.<\/p>\n<p>The chart below shows the price of Stellar rode the buoyant market uptrend due to recent Bitcoin spot ETF <a href=\"https:\/\/cryptoslate.com\/valkyrie-investments-throws-its-hat-in-the-ring-for-a-spot-bitcoin-etf-joining-blackrock-invesco-wisdomtree-and-bitwise\/\">applications<\/a> by legacy firms.<\/p>\n<p>On June 27, the daily candle experienced a 12% swing to the upside, peaking at $0.1033. The morning of June 28 saw further move higher, topping out at $0.1059 &#8211; marking a 70-day high. However, since then, significant sell pressure has dipped the price lower.<\/p>\n<figure id=\"attachment_338144\" aria-describedby=\"caption-attachment-338144\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-338144 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/XLMUSDT_2023-06-28_10-28-40-1024x464.png\" alt=\"Stellar daily price\" width=\"1024\" height=\"464\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/XLMUSDT_2023-06-28_10-28-40-1024x464.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/XLMUSDT_2023-06-28_10-28-40-300x136.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/XLMUSDT_2023-06-28_10-28-40-768x348.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/XLMUSDT_2023-06-28_10-28-40.png 1281w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-338144\" class=\"wp-caption-text\">Source: XLMUSDT on TradingView.com<\/figcaption><\/figure>\n<p>Stellar recently <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1673742840378318848\">publicized<\/a> its work in Nigeria with digital money transfer company Tempo and financial technology firm Cowrie.<\/p>\n<p>Both firms built solutions on the Stellar network to tackle the problems of traditional remittance methods, which were <a href=\"https:\/\/stellar.org\/case-studies\/how-tempo-and-cowrie-are-building-on-stellar\">highlighted<\/a> as slow, cumbersome, and costly.<\/p>\n<p>By linking Cowrie's 1-to-1 naria backed NGNT token and Tempo's EURT token, a &#8220;bi-directional NGNT-EURT corridor&#8221; is formed, giving Nigerians remittance access to more than <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1673742841733083136\">50 countries<\/a>, including on\/off ramping in the domestic currency.<\/p>\n<p>Stellar <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1673744894798761986\">said<\/a> its technology is making a real-world impact, enabling &#8220;<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> fast, flexible, and borderless transfers powered by blockchain.&#8221; <\/span><\/p>\n<p>On June 23, <a href=\"https:\/\/cryptoslate.com\/coinbase-adds-support-for-usdc-on-stellar\/\">Coinbase<\/a> added Stellar support for USD Coin (USDC) &#8211; enabling USDC withdrawals and deposits on the Stellar network. The firm said the move added a significant on\/off ramp for USDC holders, given the breadth of its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellar (XLM) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time. The chart below shows the price of Stellar rode the buoyant market uptrend due to recent Bitcoin spot ETF applications by legacy firms. On June 27, the daily candle experienced [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":338120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,5789],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stellar spikes 12% to hit 70-day high, outperforming top 100 coins<\/title>\n<meta name=\"description\" content=\"Stellar&#039;s strong price performance sees it lead the top 100 coins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/stellar-spikes-12-to-hit-70-day-high-outperforming-top-100-coins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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