Stellar (XLM) Rallies Ahead of Meridian Conference

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Stellar is charting a small upward trend, adding more than 10% in a week. XLM trades at $0.069, boosted by the upcoming Meridian conference in Mexico. Stellar and XRP Often Move in Unison Stellar has remained relatively stagnant, failing to return to levels near $1. The asset, seen as the open-source competitor of Ripple’s XRP, has seen temporary rallies to as high as $0.13 during a small-scale altcoin season in the summer of 2019. In 2019 to date, XLM is one of the worse performers in Bitcoin terms. The Stellar native token is down by nearly 75%, from the 3,000 Satoshi range down to around 700 Satoshi. XLM has also sunk from $0.11 in January, failing to rally more significantly. In the case of XLM, there is also a pattern in which the #10 cryptoasset often rallies along with XRP. The two projects are seemingly unrelated, but their prices often…

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