Stellar (XLM) Price Prediction: $1.7 Trillion Blockchain Shift Signals Growth

Franklin Templeton, a leading global investment management firm, has unveiled plans to transition $1.7 trillion worth of assets onto blockchain technology, utilizing the Stellar (XLM) network. This announcement highlights the growing integration of blockchain into traditional finance, promising enhanced efficiency and cost savings.

In a recent video shared by crypto analyst Tomaki_x, a representative from Franklin Templeton detailed the decision to adopt Stellar. The firm anticipates a 99.75% reduction in transaction costs, slashing expenses from $50,000 for 50,000 transactions using traditional systems to just $120 on Stellar.

Beyond cost efficiency, the blockchain’s capacity to eliminate multiple ledger reconciliations is expected to reduce human error and operational bottlenecks, saving the company approximately $200 million annually.

The Stellar network’s potential extends beyond finance. As endorsed by the United Nations for global payment systems, this adoption reinforces XLM’s pivotal role in the future of digital assets.

Blockchain Meets Innovation: McCaleb and Stellar’s Expanding Horizons

Jed McCaleb, Stellar’s co-founder and CTO, is also spearheading space technology advancements as CEO of Vast. His professional ties to Elon Musk, CEO of SpaceX, have fueled speculation about potential collaborations between Stellar, Vast, and SpaceX. While no official partnerships have been announced, the synergy between blockchain and space innovation could shape the future of digital and interplanetary transactions.

Additionally, Musk’s vision to integrate payments within the X ecosystem aligns with Stellar’s blockchain capabilities. Though XRP is often discussed as a contender for this integration, Stellar’s increasing adoption and McCaleb’s vision place it in a strong position to seize opportunities in this evolving landscape.

Technical Outlook: Stellar (XLM) Price Analysis and Predictions

Price Overview: Stellar (XLM) is currently trading at $0.199912, up over 10% in the last 24 hours, with a market cap of $5.98 billion.

Key Technical Insights:

• Breakout Confirmation: XLM/USD recently broke out of a descending triangle pattern at $0.1120, signaling bullish momentum.
• Fibonacci Extension Target: The rally hit the 161.8% Fibonacci extension at $0.2150, with $0.2477 as the next resistance level.
• EMA Crossover: The 50-week EMA ($0.1083) crossed above the 200-week EMA ($0.1303), confirming a bullish trend.

Outlook: Despite overbought RSI conditions, the breakout positions XLM for further gains. A potential pullback to $0.1855 could provide strategic buying opportunities before resuming its upward trajectory.