Stellar XLM Jumps on PayPal USD Launch, Record Open Interest
Stellar XLM climb reach about $0.40 this week, epp driven by PayPal plan to launch their PYUSD stablecoin on Stellar network. This integration go cover over 170 countries, epp show Stellar low-cost and fast cross-border rails. Futures open interest for XLM climb to $345 million — highest since January — epp show say liquidity and trader demand dey increase. On-chain metrics follow strengthen: stablecoin supply on Stellar jump reach $627 million (or $181 million exclude Franklin Onchain US Government Money Fund, mostly USDC), active addresses rise 13% to 158,329, and transactions increase 16% reach 18.5 million. Technically, XLM form double-bottom pattern with $0.3331 neckline, meaning target near $0.45. Traders suppose watch for possible neckline retest before further breakout. Overall, PayPal USD integration, record futures open interest, stablecoin supply growth, and bullish on-chain signals point to strong upside momentum for XLM price.
Bullish
Di news dem good for XLM both short term and long term. For short term, di launch of PayPal USD for Stellar plus di record for futures open interest show sey plenty people dey buy and liquidity strong, e mean say XLM fit break pass di $0.40 level after di double-bottom neckline for $0.3331 don test again. For long term, di way institutions dey use am through PayPal USD join plus di big increase for stablecoin supply show sey di network utility and transaction volume dey grow, wey fit keep di price dey go up. All dis tin dem combine show sey demand strong and market get better confidence for Stellar XLM.