The latest partnership announced by Stellar leaders injected a very big bull sentiment in the trade price of its native Cryptocurrency, $XLM.
The current trade price of XLM, the native token of the Stellar blockchain, is $0.51 & this price level is 18% higher over the last 24 hours period.
The trade price of #Steller ($XLM) Cryptocurrency surged 18% within 24 hours. More is coming? pic.twitter.com/E6ItLB5F3b
— Bitcoinik (@Bitcoinikdotcom) November 24, 2024
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Notably, the trade price of this Cryptocurrency surged 435% in the last 3 months, from $0.09 level to $0.58. Notably, the pump in the trade price of this Cryptocurrency took place in November of this year.
Crypto analyst on $XLM trade price
A popular Crypto analyst, Dark Defender, shared his analysis on this Cryptocurrency on X (formerly Twitter). He said that the trade price of $XLM is currently in its third wave of a bullish Elliott Wave structure. He noted that the current price level is steadily approaching its ultimate resistance at $0.641036, which, if surpassed then it could unlock further for a big push.
This crypto analyst also explained that XLM’s current price is on the road to the $2.8444 level as the bull wave in this innovative space is surging rapidly.
Furthermore emphasised $XLM’s impressive performance in November, marking it as a pivotal period for the token.
Reason behind the $XLM price pump
However, these days, the trade price of almost all the top Crypto assets is surging rapidly because of the bull sentiments in the Crypto market, but in particular, the rapid increment in the $XLM took place this month.
The contribution of this sudden increment in the price level of this Cryptocurrency is fully devoted to the latest partnership of Steller with Paxos, a big name in the Crypto stablecoin industry.
Steller’s partnership with Paxos has already been in trend since mid-October 2025, but in the latest development, Charles Casparella, CEO and co-founder of Paxos, shared plans for this partnership and said that such collaborative efforts could reshape the Crypto & blockchain landscape.
As per the official plan, Paxos is bringing its full suite of stablecoins to the Stellar (XLM) ecosystem. Stablecoin on $XLM will be backed by dollar and also gold assets.
Many experts noted that the latest development is more than just a technical upgrade because it can redefine the landscape of cross-border payments, stablecoins, and financial inclusion across the world.
Steller co-founder on the future of Steller against competition
On 23 Nov 2024, Jed McCaleb, the co-founder of Stellar, took to X (formerly Twitter) to praise Stellar cryptocurrency & called it an underrated and efficient blockchain. He highlighted Stellar’s impressive transaction volume—10 times higher than Ethereum’s.
He also emphasised that Stellar offers a big range of well-designed blockchain features, including native stablecoins, a token issuance feature, a built-in DEX, safer smart contracts, and low transaction fees.
Furthermore, he added that the Steller network is fast, sustainable, and has the best community of world-class developers.
On future plans, he said that Steller will always remain focused on making global payment services better by the use of blockchain technology at the best level instead of portraying Steller as only a Cryptocurrency.
$XLM worth buying at this phase?
Steller was founded by Jed McCaleb and Joyce Kim in 2014. McCaleb is also known for co-founding Ripple (XRP) before Stellar. Joyce served as the executive director of the Stellar Development Foundation.
The initial vision of this project was to improve cross-border payments and financial inclusion via blockchain technology.
As per current sentiments, many crypto experts suggested their opinion on this Cryptocurrency, and the majority of them shared their bullish opinion.
As per the analysis by the Bitcoinik.com team, $XLM crypto is still a better investment opportunity because Steller is strongly heading with its initial vision of payment solutions with other big players under a more pro-Crypto regulatory environment but people should follow the basics of crypto investment & don’t invest their money blindly in $XLM or any other Cryptocurrency, without self-research or analysis.
Stellar (XLM) pumps 435% in 3 Months; is there more opportunity to go with this old horse
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