(11/23) Altcoin Quotes Launched? "This coin" is recognized even by the United Nations and will become the key to the future!

The price of Stellar coin has skyrocketed, with a gain of over 350% in two weeks.

As the Cryptocurrency market has been booming recently, the Cryptocurrency of Stellar Lumens ($XLM) is skyrocketing at an astonishing speed, attracting high attention from global investors. According to the latest market data, $XLM has experienced a big pump of 130% in just one week, and an even more impressive big pump of 362% in two weeks. Such performance has shocked many investors. As of the time of writing, the trading price of $XLM has reached 0.449, breaking recent highs and far surpassing the 26% increase of the leading BTC in the market during the same period.

Image source: TradingView $XLM leads the altcoin market with an astonishing 362% surge in the past two weeks

Behind this astonishing surge, it is mainly driven by the prospects of global financial system development and important partnerships. One of the most notable collaborations is the cooperation plan with global payment giant MasterCard in October this year. This cooperation not only brings strong investment momentum to $XLM, but also highlights its important position in the future payment industry. Market analysts pointed out that such a cooperative relationship will open a new door for the application of $XLM in mainstream financial markets.

The World Bank and the United Nations are optimistic about future development.

In today's rapidly developing digital finance, the World Bank highly recognizes the key role played by $XLM in innovative dual-currency systems. In this emerging financial ecosystem, Ripple ($XRP) is mainly responsible for cross-border payment liquidity between institutions, while $XLM focuses on providing more popular peer-to-peer payment services. The World Bank particularly praises the low-cost and high-efficiency transaction model adopted by $XLM, believing that it will have a significant impact and change for billions of users worldwide who cannot use traditional banking services.

Image source: Black Swan Capitalist $XLM focuses on providing more popular peer-to-peer payment services

At the same time, the United Nations Capital Development Fund (UNCDF) has publicly expressed support for the development of Stellar and Ripple, viewing blockchain technology as a crucial cornerstone for the future tokenization economy. Especially in emerging markets such as South America, Stellar focuses on retail-level remittance services and the ability to facilitate peer-to-peer transactions, making it an ideal solution for promoting global financial inclusion. The UN's support not only symbolizes recognition of the Decentralization financial system but also demonstrates the importance of $XLM in this implementation process.

Technical indicator warns of potential pullback pressure in the short term.

However, despite the promising prospects of $XLM, investors still need to exercise caution from a technical standpoint. Currently, the relative strength index (RSI) has surged to a high of 81.81, while the Stochastic Oscillator is approaching the overbought zone of 95. These technical indicators are warning of a potential price pullback risk.

Image source: TradingView Both the relative strength index and the Stochastic Oscillator (Stochastic Oscillator) of $XLM are in the Overbought zone.

It is worth noting that the current price of $XLM is already 142% higher than the 50-week and 200-week moving average (MA), indicating a significant deviation and increasing likelihood of mean reversion. Market analysts expect $XLM to retest the important support level at 0.1624, which may trigger a temporary price decline.

Source: TradingView Although the MA indicator of $XLM has experienced a breakthrough crossover, it has deviated too much from the price, which may pose a pullback risk.

However, professional investors believe that although there may be a technical correction in the short term, considering the increasingly important position of XLM in the global financial system and the recognition and support from international organizations, its long-term development prospects remain very promising. It is recommended that investors consider technical and fundamental factors comprehensively and implement appropriate risk management when making investment decisions.

【Disclaimer】There are risks in the market, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

"(11/23) Is the altcoin market starting? 'This coin' is recognized by the United Nations and will be a key player in the future!" This article was first published in 'encryption City'.