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Stellar (XLM), pushes more into DeFi – Should you buy?

Stellar (XLM) has been pushing more into DeFi in recent weeks, and this could have a positive impact on its price outlook. In recent weeks, the coin has been soaring. What will happen to XLM if DeFi is the main focus? We will be adding more information to this post, but here are some facts:…

Stellar (XLM) has been pushing more into DeFi in recent weeks, and this could have a positive impact on its price outlook. In recent weeks, the coin has been soaring. What will happen to XLM if DeFi is the main focus? We will be adding more information to this post, but here are some facts:

  • XLM has been up to over 15% over the last 7 days.

  • The chain has made major moves in DeFi recently.

  • As sentiment improves in the market, the 7-day rally will continue.

Data Source: Tradingview

Stellar (XLM) – The long-term outlook?

DeFi is a key driver of crypto’s growth for over a year. The number of DeFi projects is expected to increase. Stellar has been working to attract more DeFi into its ecosystem. The project recently announced that it would be launching a new product to connect investors and aggregate DeFi protocols.

That news alone saw XLM surge by over 15%. We expect to see continued gains in this token over the medium and long term as DeFi pushes forward. We have also witnessed a steady increase in investor sentiment in the past few weeks.

It is safe to say that the torrid start to 2022 that we saw is now starting to ease. It is probable that we will see increased growth in XLM and other coins.

Why is Stellar (XLM) a good project?

Even before the recent push to DeFi Stellar remained one of crypto’s most promising projects. This blockchain project aims to encourage the development of decentralized apps.

Stellar is constantly improving cross-chain interoperability. XLM offers legitimate opportunities for investors looking for a good deal.

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