Time Frame: Midterm (expect to close before end of 2025
Entry point: 19-33c
Exit: $1.40-$1.50
Stellar, often seen as a younger brother of XRP, hasn’t seen much of the spotlight from its more well known older brother, but has performed better than almost all major currencies since the Trump election win in November 2024. Where as ETH and other currencies are performing poorly since Trump’s election win, Stellar has performed amazingly and still 200% up from Nov 5th 2024. So with that great gain already, why does Ralfetto believe there is more to come?
So what is XLM?
XLM, is an open-source, decentralized payments network. It uses blockchain technology to allow users to transfer funds quickly and at a very low cost. The payments network does not show preference to any national currency; instead, the network has its own native cryptocurrency, Stellar Lumens.
So why is XLM worth investing in?
Firstly, at Ralfetto, our views are our own and we are just providing our thesis why we like it, your investment decisions are your own. We are of the belief that XLM will be part of the new X/Grok ecosystem as its payment option. We see alot of evidence pointing to it (alongside XRP). XLM is also ISO compliant which makes it one of a few that supports this technology.
What is the chart telling us?
XLM looks like a bull flag with a target to push it to $1.5. With that type of move, we do expect some fall back given a 5x return.
How we are investing
We believe XLM/Stellar will reach two major targets within 3 years. The first in 2025 of $1.40-150 which is our take profit level 2. After that we expect some volatility before it reaches its final destination of $4.50. There may be further upside but we will be having moving stops once it hits both targets.
Entry point: 19-33c
Exit: $1.40-$1.50
Stellar, often seen as a younger brother of XRP, hasn’t seen much of the spotlight from its more well known older brother, but has performed better than almost all major currencies since the Trump election win in November 2024. Where as ETH and other currencies are performing poorly since Trump’s election win, Stellar has performed amazingly and still 200% up from Nov 5th 2024. So with that great gain already, why does Ralfetto believe there is more to come?
So what is XLM?
XLM, is an open-source, decentralized payments network. It uses blockchain technology to allow users to transfer funds quickly and at a very low cost. The payments network does not show preference to any national currency; instead, the network has its own native cryptocurrency, Stellar Lumens.
So why is XLM worth investing in?
Firstly, at Ralfetto, our views are our own and we are just providing our thesis why we like it, your investment decisions are your own. We are of the belief that XLM will be part of the new X/Grok ecosystem as its payment option. We see alot of evidence pointing to it (alongside XRP). XLM is also ISO compliant which makes it one of a few that supports this technology.
What is the chart telling us?
XLM looks like a bull flag with a target to push it to $1.5. With that type of move, we do expect some fall back given a 5x return.
How we are investing
We believe XLM/Stellar will reach two major targets within 3 years. The first in 2025 of $1.40-150 which is our take profit level 2. After that we expect some volatility before it reaches its final destination of $4.50. There may be further upside but we will be having moving stops once it hits both targets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.