Stellar (XLM) has faced an 11.17% price drop over the past month, attributed to market volatility. Despite this downturn, there is optimism for a rebound in September, a month historically favorable for Stellar, with an average growth rate of 3.08%. In previous years, September has seen significant gains for Stellar, including a 55.8% increase in 2014 and a 49.4% rise in 2016.
Current market conditions show a 38.59% increase in trading volume, reflecting growing investor confidence in Stellar's potential for a price surge. Stellar is currently trading at $0.3869, with a trading volume of $471.95 million. Analysts are hopeful that the anticipated altcoin season could further bolster Stellar's price, potentially reaching the $0.50 mark.
Stellar (XLM) Eyes Recovery in September Despite Recent Decline
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