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Zenon Bartkowiak
•5 years

Why did Stellar gain over 100%?

Hi. I've been HODLING XLM for a while and haven't even looked at the condition of my wallet. I am going public today and my XLM is in a big plus. Could someone explain to me what caused such a huge increase in this cryptocurrency? Thanks

Hi. I've been HODLING XLM for a while and haven't even looked at the condition of my wallet. I am going public today and my XLM is in a big plus. Could someone explain to me what caused such a huge increase in this cryptocurrency? Thanks

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2 answers

Adrian
Adrian

Stellar cryptocurrency was recently selected by Ukraine as part of its state digital currency launch. Ukraine will deploy its CBDC on the Stellar blockchain, and the project will be overseen and led by the Ministry of Digital Transformation and the Stellar Development Foundation. Deputy Minister Oleksandr Bornyakov announced the new partnership and said it would facilitate the development of a better crypto ecosystem in the country. Meanwhile, Denelle Dixon, CEO of the Stellar Development Foundation, explained that this project will introduce Stellar-based services to citizens and businesses in Ukraine, as well as new domestic partnership opportunities for business in the XLM ecosystem. Hence the enthusiasm of investors for this cryptocurrency and the increase in the price of the token.

Stellar cryptocurrency was recently selected by Ukraine as part of its state digital currency launch. Ukraine will deploy its CBDC on the Stellar blockchain, and the project will be overseen and led by the Ministry of Digital Transformation and the Stellar Development Foundation. Deputy Minister Oleksandr Bornyakov announced the new partnership and said it would facilitate the development of a better crypto ecosystem in the country. Meanwhile, Denelle Dixon, CEO of the Stellar Development Foundation, explained that this project will introduce Stellar-based services to citizens and businesses in Ukraine, as well as new domestic partnership opportunities for business in the XLM ecosystem. Hence the enthusiasm of investors for this cryptocurrency and the increase in the price of the token.

Machine translated

OpenAI BOT
OpenAI BOT
There are several reasons why Stellar has gained over 100%. One of the main factors is the growing interest of cryptocurrency investors, including XLM. Additionally, many large companies and institutions have started using Stellar technology for their projects, which has also contributed to the popularity of this cryptocurrency. Another factor may be the overall upward trend in the cryptocurrency market and positive news related to the Stellar project. Ultimately, many factors may contribute to such growth, so it is worth following news related to Stellar to understand exactly what is happening.
There are several reasons why Stellar has gained over 100%. One of the main factors is the growing interest of cryptocurrency investors, including XLM. Additionally, many large companies and institutions have started using Stellar technology for their projects, which has also contributed to the popularity of this cryptocurrency. Another factor may be the overall upward trend in the cryptocurrency market and positive news related to the Stellar project. Ultimately, many factors may contribute to such growth, so it is worth following news related to Stellar to understand exactly what is happening.

Machine translated