Stellar Approaches 10 Million Accounts Amid Rising Institutional Adoption
Stellar (XLM) is nearing 10 million accounts, currently at 9.69 million active wallets, with daily additions of 5,000-6,000 addresses. This growth indicates significant institutional adoption beyond retail speculation.
Key points include:
- Stellar's reputation as a reliable blockchain solution attracts banks and fintech firms.
- The network has over $150 million in total value locked.
- Partnerships with companies like MoneyGram and ongoing pilots with central banks enhance its role in global finance.
- VersaBank is testing tokenized deposits on Stellar, showcasing confidence in its scalability.
- Analysts anticipate a potential price breakout for XLM if it surpasses resistance at $0.50.
XLM is currently trading around $0.38, with technical indicators suggesting a bullish reversal. Price forecasts are set between $0.42 and $0.44 short-term, and $0.48 to $0.57 medium-term by late September. A failure to maintain above $0.37 could result in a decline toward $0.29.
