Stellar’s USDC plans might be playing a role in XLM’s demand.has maintained an overall bullish bias even as other top coins have seen some slowdown. This means those that have been holding it since May or June are up considerably. This growth might be tied to growing confidence as Stellar’s future becomes brighter.XLM was off to a great start at in Q1 during which it rallied by over 60%. Unfortunately for the bulls, it gave up those gains in Q2.
It was certainly the top performer in that list in the last 24 hours.A few points to note about its price chart. XLM was oversold at press time. Also, the Money Flow Index indicated that it had been experiencing some outflows despite the recent upside. Perhaps a sign of profit taking. All this was taking place alongside a surge in social dominance and the daily trading volume.The social dominance surge in the last two days confirmed that XLM was indeed on the receiving end of more attention.