Stellar (XLM) surges nearly 16% within 7 days: New Development Coming

The trade price of XLM coin surged rapidly in the last 7 days following a tweet by the Stellar organization.

Stellar (Stellar Lumens) is an open-source, decentralized protocol for digital currency to fiat money low-cost transfers that allows cross-border transactions between any pair of currencies. In 2014, this crypto blockchain was founded by Jed McCaleb & Joyce Kim. Until 2013, McCaleb served as a CTO for Ripple (XRP). 

XLM is the native coin of the Stellar blockchain. The current trade price of this coin is $0.13 & this trade price is 5.28% high over the last 24 hours trade price. 

This small increment in the trade price of XLM is noticeable because currently, the majority of the crypto assets are down or neutral over the last four days of trade price. 

It is worth it to note that the trade price of XLM coin has been surging for the last 7 days. In the last 7 days, the trade price of this coin surged by nearly 15.56%. 

So far no new development or any kind of collaboration news has come from the Stellar Foundation but just 7 days back the Stellar team tweeted that something cool is coming in 10 days (now remains 3 days).

Something cool is dropping in 10 days.

Get ready to gear up for a change that's got us all excited. Stay curious pic.twitter.com/CgNzfzwqmc

— Stellar (@StellarOrg) September 2, 2023

According to some people from the crypto community, the Stellar team may probably bring very big exciting news for the Stellar project and it will be related to new development works. Some people claimed that it may be related to Stellar’s entry into the Artificial intelligence (AI) related development support, as recently Steller co-founder McCaleb shared an AI-related tweet on the X platform.

I'm excited to share our $200M Series B at a $1B+ valuation to develop AI systems that reason!

We believe reasoning is the main blocker to effective AI agents. We train large models tailor-made for reasoning on our ~10K GPU cluster. On top, we prototype agents we use every day. pic.twitter.com/inueDPagGC

— Kanjun (@kanjun) September 7, 2023

In the mid of August of this year, the Stellar Development Foundation (SDF) CEO and Executive Director Denelle Dixon announced that Stellar invested a decent amount of money in global payment service provider MoneyGram.

The decision to invest in @MoneyGram was an easy one. After years of getting to know the business and the teams, we are excited to take part in MGI’s next chapter. It’s been an awesome few years working together, and we are excited for what’s next!https://t.co/PYAKHeXRxx

— Denelle Dixon (@DenelleDixon) August 15, 2023

Read also: XRP coin following bullish pattern, as Ripple agrees to acquires Fortress Trust