YouTuber DustyBc Crypto News has highlighted Stellar’s (XLM) performance and its promising outlook. The analyst noted similarities between Stellar and XRP but argued that XLM has untapped potential yet to be realized. 

DustyBc Crypto News recently highlighted Stellar’s 20% growth over the past week. Monthly trends show XLM recovering from lows around $0.32 to approximately $0.50. 

The expert observed that, similar to XRP’s trajectory, XLM’s annual performance shows a recovery from below $0.10. Nevertheless, XLM is currently trading below its peak from 2017–2018, while XRP has surged to levels not seen in over seven years.

The expert also pointed out that some investors view Stellar as a refined version of XRP, given their shared origins. He remarked, “XLM does much of what XRP does but with fewer flaws.”

According to the analyst the asset has not yet overcome key resistance levels from earlier bull markets.  

The analyst suggested that XLM appears undervalued when compared to its historical performance in Bitcoin terms. He estimated a potential 10x return to reach its prior highs.

A conservative projection placed XLM’s price at $2 during this cycle, with a bullish scenario targeting $5 or more. DustyBc Crypto News stated, “At 460 Satoshis per coin, XLM still holds massive growth potential.”

Read also: Dogecoin (DOGE) Starts ‘Big Move,’ Expert Predicts Rally to $5

The analyst emphasized that XLM’s price is lagging behind other major assets, presenting a compelling investment opportunity. Growing adoption of cryptocurrencies and possible developments in the U.S. could further support XLM’s growth.

DustyBc speculated that behind-the-scenes advancements, similar to Ripple’s progress, might benefit Stellar. He expressed confidence in XLM following XRP’s bullish trajectory soon.

DustyBc shared his trading strategy, revealing a leveraged $1,000 position that yielded a 50% profit. While acknowledging missed buying opportunities, he encouraged long-term investors to consider XLM. 

He concluded, “Every dip is a juicy buying opportunity if you wait long enough.” With Stellar’s potential for growth, many believe it is well-positioned for a breakout. Analysts predict XLM could soon surpass recent highs and potentially achieve multi-dollar valuations in the months ahead.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

The post Is Stellar the Next XRP? XLM Price Prediction and 10x Rally Potential appeared first on CaptainAltcoin.

191 +