- Stellar’s Q4 report shows a 280% annual gain, highlights $4.1B in transactions, and $458M in tokenized assets.
- Analysts predict a 120% rally for XLM, targeting $0.75–$0.80 as RWA growth and low fees drive demand.
Stellar’s (XLM) recent Q4 2024 report has ignited optimism among investors, highlighting substantial growth in network activity and its position in the Real World Asset (RWA) market. The cryptocurrency has held firm above the $0.34 support level despite macroeconomic challenges. According to our previous analysis, Stellar Lumens (XLM) experienced an impressive 45% surge in early January, climbing to nearly $0.50.
During Q4 2024, Stellar experienced a remarkable surge, rising from $0.075 to $0.63 at its peak. Though it has since retraced, the token still holds a 280% annual gain
Stellar’s Network Expansion Fuels Optimism
Stellar’s Q4 report revealed significant growth across multiple metrics, including an active address count of 9 million and $4.1 billion in transaction volume processed in the quarter. These figures cement Stellar’s position as the third-largest blockchain by total transactions.
A standout achievement for Stellar is its growing dominance in the RWA market. The blockchain now hosts $458 million in tokenized assets, ranking fourth in this rapidly expanding sector. RWAs involve tokenizing traditional financial instruments such as bonds and real estate, making them accessible on the blockchain.
As institutional adoption of RWAs increases, Stellar’s early positioning in this market could drive further network activity and demand for XLM.
Competitive Edge Through Low Transaction Costs
One of Stellar’s key strengths is its cost-efficiency. The network ranks first globally in transaction fee affordability, with costs averaging $0.000010 per transaction. This efficiency gives Stellar a distinct advantage over competitors like Ethereum, which often grapples with high gas fees.
Stellar (XLM) in 2024: Key Wins & Partnerships
2024 has been massive for Stellar (XLM)! Here’s the lowdown on its achievements and partnerships:
Top Achievements
1⃣ Soroban Takes Off: Stellar’s smart contract platform is booming with DeFi and NFT projects.
2⃣ CBDC… pic.twitter.com/zneOCstPlg
— Scopuly – Stellar Wallet (@scopuly) February 4, 2025
Low fees make Stellar an attractive option for enterprises and payment providers seeking scalable blockchain solutions. Coupled with its high transaction throughput and an average ledger closure time of 5.93 seconds, the network continues to position itself as a leader in efficiency and reliability.
As reported by CNF, Stellar’s ongoing upgrades further enhance its usability. The recent SLP-0001 update is a significant milestone, boosting the network’s capacity for handling more complex decentralized applications (DApps). The upgrade introduces higher ledger read and write limits, increasing the read limit from 40 to 100 and the write limit from 25 to 50.
Technical Analysis Points to a Bullish Breakout
From a technical standpoint, XLM is currently trading within a horizontal channel, with strong support at $0.34 and resistance near $0.42.Market analyst Alpha Crypto Signal has highlighted Stellar (XLM) as one of the strongest-performing altcoins in recent weeks.
According to the expert, XLM is currently trading within a horizontal channel, with a well-established support zone at $0.34 and resistance near $0.42. Alpha Crypto Signal notes that XLM’s price action shows a high likelihood of a bounce from the lower support level, making it an attractive option for long positions. XLM horizontal channel.
A continuation of this bullish momentum could push XLM to its medium-term target of $0.75–$0.80, marking a 120% increase from current levels. Market dynamics also play a crucial role in this outlook. XLM has historically shown a strong correlation with Ripple’s XRP, which recently surged past $2.50. If XRP continues to gain, XLM may follow suit.
According to XLM’s recent analysis, a symmetrical triangle pattern in XLM’s price chart is projecting a possible breakout to $0.84—representing a 110% rally. This technical setup aligns with current bullish momentum, as Stellar continues to build upon its fundamentals and technical strength.
Crypto News Flash – Read More