Stellar (XLM) Set to Thrive with UNCDF Partnership
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Stellar (XLM) Set to Thrive with UNCDF Partnership

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Azeez Mustapha

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Stellar has been selected by the United Nations Capital Development Fund for its new international transfer network. This collaboration marks a significant step for Stellar, showcasing its potential to streamline cross-border transactions efficiently. As financial institutions increasingly adopt blockchain technology, Stellar is well-positioned to enhance transaction speeds and lower costs.


The UNCDF aims to improve access to resources for marginalized communities, and Stellar’s technology plays a vital role in this initiative. By endorsing Stellar, the UNCDF is promoting innovative cash management solutions that can reach diverse populations. This network will facilitate easy money transfers between various currencies, further enhancing Stellar’s utility. The increasing focus on financial inclusion and the growing need for effective payment solutions suggest that XLM is likely to experience substantial bullish momentum shortly.


Key Stellar Levels To Watch – October 16

Stellar (XLM) Set to Thrive with UNCDF Partnership

XLMUSD is displaying a bullish trend as the price has rebounded from the order block around $0.0900. The pair is now aiming for the resistance zone around $0.1040.
 
The Stochastic Indicator is turning upward, signaling increased buying momentum. A sustained break above $0.1040 could lead to further gains toward the $0.1140 resistance level.

XLMUSD Key Levels

Resistance Levels: $0.1040, $0.1140, $0.1370 
Support Levels: $0.0930, $0.0750, $0.0750

XLM Metrics

Total Market Capitalization: $2.29T 
XLM Market Capitalization: $2.74B
Stellar Volume: $52.29M
Market Rank: #34

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