XLM Cryptocurrency Rose by 158% in a Week

Stellar Lumens is in the focus of the entire crypto market today. The price of the asset began a bullish rally starting from $0.13 at the beginning of the year and in a short period of time which is a few days in January, it rose to $0.39. This is the price that was fixed on the Binance crypto exchange today.

Currently, the value of the asset has consolidated around 32 cents. According to Coinmarketcap estimates, the total growth of the cryptocurrency was 158% in 7 days. In the long term, the price can rise to $1 or even exceed it.

Analysts find one of the factors spurring growth: it’s a memorandum of understanding signed by the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF). According to the document, the creation of the CBDC of Ukraine will be carried out on the Stellar blockchain.

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