One Cryptocurrency Sustaining Above the Support Levels- Stellar (XLM)

Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- Stellar (XLM)

14 March 2024

| Read Time :5:00 Mins

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Stellar (XLM) is a type of markup language which is used for the markup language and file format designed for information storage and transportation. It is made such that computers and humans can both grasp it with ease. Independent of both software and hardware, XML is a set of rules for encoding documents in a particular format. XLM has a market capitalization of ~USD 4.23 billion (as per TradingView as of March 14, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 538.25 points (~12.22%) to 4943.03 for the week ending March 08, 2024. In the current week starting March 11, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

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