Imo; XLM has the most upside out of all the Alts right now. Although ETH will retest it's ATH as well, that is only 8-9% away. Meanwhile, XLM broke out of a consolidation pattern that, by textbook, should reach the first target. A whopping 30%+.
Couple that with XRP's trial coming up. IF XRP were to get x-nayed or even if things get even more unclear after it's trial; then XLM will benefit the most & get another big boost (Imagine if Samsung was removed from the US, Apple would benefit the most). If this were to happen; XLM's ATH of around $1 would now have a higher ceiling essentially replacing XRP's ATH at around $3.. so if XRP were x-nayed, then XLM will likely move to $3 sometime during this season's bull run. The market has distinguished the two XLM and XRP as different (finally lol) as evidenced by the decoupling.
XLM was wrongfully beat down along with XRP on it's SEC news, so it had the most upside to get "back to even", which it did. Stellar does not print more XLM into supply, is ran on a decentralized network, and the majority of XLM supply is not owned by the company itself. These three things are the main big points on XRP's SEC lawsuit accusations. Whether true or not; I am not here to argue about XRP.. I can just tell you what XLM is.
Agree with XLM potential. It just touched the major support level, with the quick pullback, which is extremely bullish. IMO: one of the best tech out there and deserves a place in the top 3. Time will show if it proves itself to be worth it.
RickDeutsch
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Any thoughts for a timeframe to get back to that .35 mark?
dragon
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@RickDeutsch, hey.. hmm... rough rough ballpark, maybe between the next 12-48 hours. Its really up to when Bitcoin, once it breaks $42,000, it should go straight to the high $43,000s and the higher tide should bring up XLM to that price at least along with every thing.