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Stellar (XLM) Sees 24% Jump in Volume in Push to Flip AVAX
XLM’s total value locked (TVL) recently rose significantly, signaling growing investor confidence in Stellar’s network. Financial experts argue that if XLM’s TVL can rise and align with the trading volume while sustaining momentum, a price surge remains inevitable for the coin.
In other news, asset managers like Bitwise and CoinShares are also pushing for similar products to be listed on major exchanges, further fueling the hype around XRP. Despite these bullish sentiments surrounding XRP, market observers argue that if investor sentiment is sustained on XLM, it could catch up with XRP’s short and midterm growth trend.
XLM has shown its potential to grow, as seen in its flipping of Litecoin in terms of market capitalization recently. Despite the ETF hype surrounding Litecoin, XLM has displaced it and now ranks 13th against Litecoin in 15th place.
Market observers point out that Stellar (XLM) has been seeing an uptick in its trading volume, which could be a sign that institutional investors are taking notice of the token’s potential.
Source: u.today
