Key Notes

Key Notes:

The Soroban smart contract platform has helped the Stellar network surpass 9 million addresses.XLM price has been forming a descending triangular pattern for the last three months in preparation for a bullish breakout towards ATH.

Stellar XLM $0.34 24h volatility: 3.5% Market cap: $10.30 B Vol. 24h: $152.97 M , a layer one (L1) blockchain that has largely been considered a proxy for Ripple Labs’s XRPL, has been preparing for the thrilling phase of the 2025 bull rally in the last few weeks. The large-cap altcoin, with a fully diluted valuation of about $16.9 billion and a 24-hour average trading volume of around $202 million, has been trapped in a correction mode since early December 2024.

After an impressive bullish breakout from a six-year triangular consolidation, XLM price has confirmed a bullish breakout akin to the 2017 crypto bull rally. From a technical analysis standpoint, XLM price has been forming a descending triangular consolidation in the past three months.

The altcoin has established a robust support level of around 32 cents, which could help XLM’s price rebound towards its all-time high (ATH). Moreover, the ABC correction of the second wave of a weekly Elliott wave theory is fast approaching the end.

As a result, a successful breakout from the falling logarithmic trend in the daily time frame will kick start the third wave, with a short-term target range of between 75 cents and 92 cents. However, a consistent close below 32 cents will lead to further XLM price correction towards 27 cents, which coincides with the 0.236 monthly Fibonacci Retracement.

The Stellar XLM network has grown to a vibrant web3 ecosystem in the past decade, with a total value locked of about $62 million and a stablecoins supply of around $236 million at the time of this writing. As one of the oldest layer one blockchains, which enables cross-chain scalable smart contracts, Stellar network has attracted more institutional investors seeking to venture into the web3 space.

According to the 2025 roadmap unveiled recently, the Stellar network plans to scale its real-world assets (RWA) space, which is currently valued at about $457 million, to around $3 billion. Furthermore, the Stellar network has key institutional investors such as Franklin Templeton and VNX seeking to scale their RWA tokenization globally.

Earlier this week, Franklin Templeton announced the launch of its tokenized treasury fund, which operates on the Stellar XLM network, in Luxembourg. As a result, the fund will be available to more European investors in a secure and reliable environment.

By the end of 2024, the Stellar network reported more than 9 million total addresses, mainly with the help of the Soroban smart contract platform. According to Denelle Dixon, the CEO of the Stellar Development Foundation (SDF), new partnerships and network updates in the pipeline will help the Stellar network grow exponentially in 2025 and beyond.

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