Stellar Leaps 12% Following Samsung Collaboration; Why a Bigger Uptrend is a Challenge

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Stellar price rose higher late Thursday following its integration into the Samsung Blockchain Keystore. The XLM/USD exchange rate logged a 12 percent increase on a 24-hour adjusted timeframe, a move that took the pair out of a one-year-long consolidation range. The standout performance appeared despite a bearish mood across the top cryptocurrency tokens. Stellar was stellar in the last 24 hours. The fourteenth-largest blockchain asset (Ticker: XLM) rose by more than 12 percent to $0.1053, its highest level since July 2019. The jump came as a part of a prevailing upside trend that earlier saw XLM leaping by circa 80 percent from its local bottom. Stellar (XLM) price surged by circa 80 percent from its June low. Source: TradingView.com The intraday rally also took cues from a favorable fundamental catalyst. On Wednesday, the Stellar Development Foundation (SDF), a nonprofit that oversees the support and development of the Stellar network, announced…

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