Stellar (XLM) Price Forecast: 5 Important Factors Influencing Growth This Month

Current Market Position: Stellar (XLM) is trading around $0.36, with analysts suggesting it may be a good buying opportunity before a potential breakout to $1, supported by recent upgrades and increased trading volume.

Protocol 23 Upgrade: The launch of Protocol 23, also known as Whisk, enhances Stellar's scalability and smart contract capabilities, which could lead to increased network usage and user transactions.

ETF Potential: Stellar is highlighted as a candidate for the SEC's fast-track ETF approval program, positioning it favorably for mainstream adoption in U.S. capital markets.

Growing User Base: Stellar's user accounts have increased significantly, and the network processed a record number of payments recently, further boosted by integration with Telegram's crypto wallet.