New Cryptocurrency Coalition Seeks to Establish Unified Standards for Blockchain Transactions
Formation of Blockchain Payments Consortium: Seven crypto firms, including Fireblocks and the Solana Foundation, have formed the Blockchain Payments Consortium (BPC) to establish common standards for crosschain stablecoin transfers, aiming to enhance blockchain transactions and address inconsistencies in the payment landscape.
Significant Growth in Stablecoin Transfers: Stablecoin transfer volumes have increased by 4.36% in the last 30 days, reaching $3.7 trillion, and for 2024, total volumes surpassed $27.6 trillion, exceeding those of Visa and Mastercard by 7.7%.
Goals of the Consortium: The BPC aims to facilitate faster, low-cost cross-border payments, integrate blockchain with traditional finance, and create a consistent framework for compliance across jurisdictions, acting as a bridge between blockchain ecosystems and regulators.
Industry Maturity and Collaboration: Leaders from the consortium emphasize that this alliance is a critical step towards maturing the crypto industry, highlighting the need for improved collaboration and coordination as mainstream adoption of blockchain payments increases.
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Technical Analysis for XLM
Technical Sentiment Analysis for Stellar (XLM) As of , Stellar (XLM) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XLM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XLM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Stellar (XLM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.082 | 0.109 | 0.138 | 0.166 | 0.195 | 0.222 | 0.251 |
| Fibonacci | 0.109 | 0.131 | 0.144 | 0.166 | 0.187 | 0.2 | 0.222 |
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