Stellar (XLM) Tops the Charts With Best Daily Percentage Gain Among Major Cryptocurrencies

Stellar’s native token, XLM, surged 6% on Saturday, climbing to $0.3880 and outperforming all other major cryptocurrencies in the top 20 by market cap over the past 24 hours.

The rally follows PayPal’s announcement last month that it plans to expand its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), onto the Stellar blockchain, pending regulatory approval from New York authorities. If approved, this would mark PYUSD’s debut beyond its current networks on Ethereum and Solana.

PayPal praised Stellar for its fast and affordable transactions, citing its real-world use cases for payments and financial services. The integration is designed to enhance PYUSD’s reach for payments, cross-border transfers, and financial tools, including working capital and small business loans—areas where Stellar already has an established presence.

PayPal’s press release highlighted Stellar’s global infrastructure, noting its extensive network of on- and off-ramps, local payment systems, and digital wallets, which could help deliver PYUSD access to users in more than 170 countries. The company also sees opportunities in leveraging PayFi—a digital financing solution that could enable businesses to secure real-time capital disbursed in PYUSD via Stellar.

May Zabaneh, PayPal’s Vice President for Digital Currencies, said the partnership aims to further blockchain’s role in cross-border payments. Denelle Dixon, CEO of the Stellar Development Foundation, added that the move could advance practical stablecoin applications in emerging markets and small business sectors globally.

PYUSD is issued by Paxos Trust Company and fully backed by cash and cash-equivalent reserves, maintaining a fixed redemption value of $1 per token.

Earlier this year, the Stellar Development Foundation released a video featuring Ian Burrill, Senior Director of PayPal’s crypto engineering team. Burrill noted Stellar’s low transaction costs and rapid processing speeds, stating that expanding PYUSD onto Stellar extends its reach to over 180 countries. He emphasized that enabling merchants to transact in PYUSD on Stellar facilitates real-time payments and improved capital efficiency.

Technical Analysis

• From July 11 at 17:00 UTC to July 12 at 16:00 UTC, XLM experienced significant price movement, trading within a $0.071 range and registering roughly 20.59% volatility, fluctuating between a low of $0.345 and a high of $0.416, according to CoinDesk Research.
• A key breakout occurred around 01:00 UTC on July 12, when XLM jumped from $0.354 to $0.393 on high trading volume of 551.38 million tokens—more than double the 24-hour average of 234.19 million—establishing a strong support level at $0.354.
• Momentum carried XLM to its session high of $0.416 by 11:00 UTC on July 12, before facing resistance in the $0.400 to $0.403 zone, where institutional profit-taking seemed to limit further upside.
• During the final trading hour from 15:47 UTC to 16:46 UTC, XLM gained another 3.89%, climbing from $0.37 to $0.39 and maintaining its bullish tone.
• The sharpest intraday move occurred between 16:03 and 16:08 UTC, as XLM spiked from $0.374 to $0.385 on volumes of 13.16 million and 17.14 million tokens respectively, far exceeding the hourly average of 3.2 million.
• By the end of the session, XLM consolidated around $0.385–$0.387, creating a solid support base as traders watched for potential advances toward resistance levels at $0.39–$0.40 noted in broader technical analysis.

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