Stellar (XLM) is experiencing a notable surge today, driven by a broader resurgence in the altcoins market. This rally is largely attributed to the positive momentum in major altcoins like XRP, DOGE, and ADA, which have seen significant gains. The altcoins market is approaching a $1 trillion milestone, with XRP leading the charge with a 12% increase. Stellar has joined this upward trend, benefiting from increased trading volume and open interest, signaling strong investor interest and confidence in the altcoin sector.
The anticipation of U.S. CPI data release and potential policy changes under the incoming Trump administration are also contributing to the positive sentiment in the crypto market. Analysts are optimistic about the altcoins market, expecting a potential altseason as the market consolidates and prepares for further gains. Stellar's recent partnerships and its role in central bank digital currency projects have bolstered its position, making it a strong contender in the altcoin space. Oliver Michel, CEO of Tokentus, highlighted Stellar as one of the altcoins poised to outperform Bitcoin in 2025, citing its commitment to improving cross-border payments and remittances.
Stellar's price has risen by 6.45% today, reaching a current price of $0.457829. The cryptocurrency hit a high of $0.479009 and a low of $0.427241 during the day.