Stellar's native cryptocurrency, XLM, witnessed a remarkable $63 million outflow, prompting discussions about whether this signals a bullish trend. The on-chain metrics for XLM suggest the correction phase may have ended, initiating a potential upward movement.
This occurrence coincides with an overall bullish rally in the cryptocurrency market, which followed the results of the presidential election in the United States. Despite the outflow, XLM has impressively surged by 430%, hinting at positive market sentiment.
The current circumstances in the market indicate a renewed investor interest in alternative cryptocurrencies like XLM, which could potentially lead to further appreciation in value, making it a focal point for market observers and investors alike.
Источник: coinpedia.org ↗