Stellar (XLM) has risen 3% to $0.41 within 23 hours ending on October 6, driven by a significant increase in institutional trading volume, which reached 71 million tokens. The cryptocurrency rebounded from $0.39, breaking a key resistance level, as corporate buying intensified.
Analysts highlight that the sustained institutional demand underscores confidence in Stellar's enterprise utility. They suggest that as Stellar's blockchain payment network continues to gain corporate adoption, the price could potentially rise to $1.00.
Stellar (XLM) Breaks Resistance, Gains 3% on Institutional Demand
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