After XRP’s monster rally shook the crypto market, investors are now shifting their attention to Stellar Lumens (XLM). The idea of XLM following XRP rally is gaining traction, with many speculating whether XLM could soon break the $1 mark. But is this a realistic forecast or just market hype?
XLM and XRP: Closely Linked Histories
XLM and XRP share more than just market segments—they share history. Stellar was co-founded by Jed McCaleb, who also played a key role in developing Ripple. While both aim to revolutionize cross-border payments, Stellar takes a more decentralized approach.
Given XRP’s recent breakout, analysts believe XLM could mirror that trajectory. Momentum, investor sentiment, and real-world adoption are becoming key drivers.
Why XLM Could Break $1
- Strategic Partnerships:
Stellar Development Foundation continues to secure deals with major financial institutions, expanding its global footprint. - Positive Market Sentiment:
With Bitcoin and XRP leading bullish trends, the altcoin market—including XLM—is gaining renewed investor interest. - Scalability and Utility:
XLM’s fast and low-cost transaction capabilities make it suitable for real-world payment solutions, especially in emerging economies. - Historical Price Movements:
XLM previously reached close to $0.90 in past bull markets. If momentum returns, hitting $1 isn’t out of reach.
Challenges to Consider
However, not everything is bullish. For XLM to hit $1, several barriers must be overcome:
- Lower trading volume compared to XRP
- Lack of major announcements or project milestones
- Strong competition from other blockchain payment projects like Algorand, Ripple, and Hedera
Conclusion: Fact or Fiction?
The idea of XLM following XRP rally is not far-fetched—but it’s not guaranteed either. While XLM has strong fundamentals and real-world utility, reaching $1 depends on market sentiment, news catalysts, and broader altcoin momentum.
Still, if current trends continue and Stellar maintains its development pace, a $1 XLM could move from speculation to reality.
