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Stellar’s recent partnership with Zettablock fuels a bullish outlook for XLM. Stellar (XLM) is poised for a bullish trend following its new partnership with ZettaBlock, a leading Web3 data infrastructure platform. This collaboration enables developers to build robust, data-driven applications on Stellar’s blockchain, enhancing the ecosystem’s efficiency and scalability.
Revolutionizing Blockchain Development: ZettaBlock Partners with Stellar
— EchoeWeb (@Echoeweb) June 20, 2024
In a groundbreaking move set to redefine the landscape of blockchain development, ZettaBlock, an industry-leading, institutional-grade Web3 data infrastructure platform, has announced a strategic… pic.twitter.com/yynZMJnfyD
By integrating ZettaBlock’s advanced indexing and real-time analytics with Stellar’s powerful financial transaction network, the partnership is set to revolutionize decentralized app development. Developers can now create custom APIs and GraphQL endpoints quickly, significantly reducing development time and costs. This ease of access to both historical and real-time onchain data, coupled with streamlined backend management, positions Stellar for increased adoption and growth, driving its bullish outlook.
Key Stellar Levels To Watch – June 23
The price of Stellar remains bounded between the $0.0910 support and the $0.1140 resistance. As of now, XLMUSD is trading around the $0.0910 support.
Based on previous reactions of the market towards the $0.0910 support, a rally to the upside is highly probable. Moreover, the RSI (Relative Strength Index) indicates that the market is oversold.
XLM/USD Key Levels
Resistance Levels: $0.1140, $0.1370, $0.1630
Support Levels: $0.0910, $0.0750, $0.0670
XLM Metrics
Total Market Capitalization: $2.34T
Stellar Market Capitalization: $2.64B
Stellar Volume: $26.86M
Market Rank: #31
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