The cryptocurrency sector has been engaged in a monumental bull rally since early November. Indeed, it has led to a return to form for tokens like Ripple (XRP) and VeChain (VET). Yet, it has also led to breakouts from lesser-known assets like Stellar (XLM), which has surged another 23% as 2025 fast approaches.
The asset has been on a tear for much of the last two months. Now, all eyes are on whether or not its rally can extend to make the asset a force for the incoming year. Specifically, traders are pondering if Stellar can target a $0.65 as it looks to reach new highs in the coming year.
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Stellar Continues Suprise Rally as XLM Looks to be Big Player in 2025
Since early November, the cryptocurrency market has been on a tear. The asset class has surged following Donald Trump’s 2024 election win. Bitcoin has certainly led the way, as the token has broken through the six-figure mark for the first time in its history. And as BTC usually does, the leading crypto has proved to be a rising tide that lifts all boats.
Although a host of well-known assets have seen their value surge, some surprises have emerged in the sector. Specifically, Stellar (XLM) has shocked the crypto sector, as the asset class has increased another 23% as it just keeps winning, setting its sights on a monumental 2025.
Also Read: Three Cryptocurrencies That Could Soar 200% by Early 2025
The asset has increased more than 131% in the last 30 days, according to CoinMarketCap. Moreover, it surged 23% last week, currently trading at the $0.44 level. The post-Trump election rally has been a massive reason for its success. Specifically, the asset is up 375% in the last 60 days.
If the asset can maintain its breakout, it will face key resistances at both $0.51 and $0.64. However, there is a chance that it holds true, and the token ends the year above the $0.60 level. Yet, that is just the beginning, as the asset is looked to have a massive year on the horizon.
According to cryptocurrency price prediction platform CoinCodex, Stellar is expected to surge past the $0.69 level in January of next year. Indeed, that would mark a 56% increase from its current position. That will only magnify in the months following. Indeed, projections expect a 196% increase from its December level in May. That month should see XLM reach a maximum price of $1.32. That would see the token far exceed its $0.87 all-time high set in 2018.
