Stellar Rises 15% on Protocol 23 Upgrade and Strong Technical Setup

Stellar (XLM) continues to demonstrate resilience after a 15% rally beginning August 8, with the token remaining above key technical levels such as the $0.42 support and the 20-day moving average [1]. The recent Protocol 23 upgrade has further bolstered investor sentiment, although XLM experienced a 3.42% drop to $0.44 on the following day [1]. Despite the pullback, the overall bullish setup remains intact, with the RSI at 57.56 and the price above both its 50-day and 200-day moving averages. Analysts suggest that a breakout above the $0.48 resistance could drive XLM toward $0.52, approaching the 52-week high [1]. Daily trading volume has also remained steady at $40 million, reflecting growing market participation [1].

Amid XLM’s upward movement, a lesser-known PayFi project, Remittix (RTX), has begun attracting attention from analysts who believe it could outperform XLM in percentage gains by 2025 [1]. Built on the Ethereum blockchain, Remittix enables users to send over 40 cryptocurrencies directly to bank accounts in more than 30 countries, typically within 24 hours, without hidden fees and without requiring the recipient to understand the crypto aspect of the transaction [1]. The project has raised over $18.6 million in its presale and is currently priced at under $0.0922 per token [1]. Analysts highlight its upcoming multi-chain wallet as a key catalyst, which will allow users to manage multiple crypto assets and cash out directly to fiat, bridging the gap between Web3 and traditional banking [1].

The optimism surrounding Remittix stems from its real-world use case and early-stage potential. While XLM is a well-established large-cap asset with a clear trajectory, RTX offers the potential for outsized returns due to its early market entry and innovative value proposition [1]. Analysts point to upcoming catalysts, including a potential CEX listing announcement, fully audited smart contracts with a 3-year liquidity lock, and a $250,000 token giveaway designed to attract new users [1]. These developments could drive RTX’s price well beyond $1 during its first major rally [1]. However, it is important to note that such projections are based on analyst forecasts and not current market data [1].

Other projects in the presale space, such as Unilabs Finance (UNIL) and BlockDAG, have also drawn investor attention. UNIL, for instance, is currently in stage 6 of its presale at $0.0097, offering projected returns of 11% in the next stage, alongside up to 40% annual staking yields [2]. In contrast, Remittix has seen a slower pace of growth, with the current price at $0.0895 and a projected 3% increase in the next stage [2]. BlockDAG, while having raised over $367 million, has seen a decline in retail investor interest due to its focus on infrastructure development over immediate returns [2]. This shift in attention reflects a broader trend where investors are increasingly gravitating toward AI-driven DeFi platforms that combine innovation with profitability [2].

As the market continues to evolve, the performance of XLM and the rising profile of projects like Remittix underscore the dynamic nature of the crypto ecosystem. With both well-established and emerging projects vying for investor attention, the coming months could bring significant shifts in market dynamics. Analysts remain cautious, emphasizing the importance of due diligence and highlighting that while predictions may offer insight, they are not guarantees of future performance [1][2].

Sources:

[1] Source: Coindoo (https://coinmarketcap.com/community/articles/6899f156169dd92d1050f220/)

[2] Source: Coindoo (https://coindoo.com/finding-the-best-early-stage-altcoin-unilabs-presale-10x-cheaper-than-remittix-blockdag-with-40-yield/)