XLM has exploded 92% this week, showing immense strength as the broader market pushes higher.
However, several XLM price predictions point to even higher gains and the potential to hit $1 in the weeks ahead.
So, is XLM the best altcoin to buy now, or could a newer, lower market cap alternative like Bitcoin layer 2 Bitcoin Hyper offer more upside potential?
Bitcoin Hyper is currently in its presale phase and has just surged past the $2.6 million raised mark. Momentum is ramping up, signaling that this is certainly one to watch closely as the broader market rises.
Major Updates in the Stellar Ecosystem
A perfect storm of catalysts has arrived at just the right time. Bitcoin has broken past $122,000, its highest price ever. It’s been on a tear this week, unsurprisingly boosting investor confidence in the altcoin market as well.
And just like Pudgy Penguins – which is also up 90%, XLM has had major ecosystem news that changes everything recently. It appears that the timing of this news is the key driver behind its strength. So, what is it?
- Stellar’s Protocol 23 upgrade is scheduled for an August 14 mainnet vote. If approved, it will transform Stellar from a simple payments network into a smart contract platform.
- PayPal announced it will integrate its stablecoin on Stellar, expanding beyond Ethereum and Solana.
The convergence of major developments with Bitcoin’s breakout has had a profound impact on price. Currently trading at $0.48, XLM is up 12% today and 92% this week. That puts its market capitalization at $15 billion, making it the 12th-largest cryptocurrency.
Meanwhile, trading volume has surged by 44% today to $3.29 billion, another strong signal of investor interest.
XLM to Reach Over $1 This Summer
Technical factors are aligning with strong fundamentals to give XLM a highly promising outlook. Analyst ChartNerd emphasized that XLM has broken above a bull flag on the monthly time frame, suggesting momentum for new yearly highs.
The analyst targets $1.59 as the next major price level.
In a follow-up tweet, he noted that the breakout also aligned with a bounce from the 20-day moving average, adding more confluence to the bullish setup.
“Look how beautifully that 20 EMA is pushing the price up after touching base on it for support,” he wrote.
Meanwhile, Javon Marks, though slightly more conservative, predicts a move to $1.29, provided $0.68 resistance is broken. Regardless, he doesn’t believe XLM will peak at $0.48 – he expects at least another 41% increase.
With solid fundamental progress and a promising broader market outlook, XLM could certainly reach $0.68 this summer, and there’s real potential for it to far exceed $1.
But while XLM could deliver up to 3x gains, analysts are turning their attention to trending presale project Bitcoin Hyper for even more explosive returns.
Bitcoin Hyper Backed for 100x as Presale Crosses $2.6M
Bitcoin Hyper is a new project tackling Bitcoin’s biggest limitations: speed, transaction fees, and flexibility.
It’s the first Bitcoin layer 2 blockchain built using the Solana Virtual Machine. This means all Solana apps – including PayPal’s stablecoin – can migrate to Bitcoin Hyper’s network, enjoying Solana’s speed and Bitcoin’s security.
Despite this powerful use case, investors can still buy $HYPER at an early-stage price. That’s why it’s being tipped as the best altcoin to buy now.
The project has already raised $2.6 million in its presale. As awareness grows, inflows are accelerating, averaging over $100,000 per day recently.
With such a strong use case and rapidly building momentum, analysts are paying close attention. In a recent video, Borch Crypto even predi the project could achieve 100x gainscted.
The altcoin market is heating up. Stellar has added over $7 billion to its market capitalization within one week.
However, with Bitcoin Hyper having generated $2.6 million in inflows so far, it would only take a fraction of that liquidity to skyrocket its price.
And with the ICO still ongoing, investors have what prove to be a highly lucrative opportunity to get in early. However, price increases are scheduled throughout the presale, so waiting too long may mean paying more.
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