Stellar Foundation's asset tokenization abilities have come to the aid of Franklin Templeton's OnChain US Government Money Fund. What does this mean?
network has only experienced one network outage since its inception, contrary to the several outages Solana faced.seems to indicate a decline in the value over the years. In fact, as of December 2021, the TVL was recorded at over $70 million. However, throughout 2022, a significant decrease in value was observed. At press time, the TVL stood at just $19 million.
Worth noting, however, that there has been evidence of an upward trend in the value locked in recent times. The same was evidenced by Stellar’s charts too.As far as price movement is concerned, the native token of the Stellar Foundation ecosystem –– initially appeared to depreciate significantly on the charts. However, a closer daily timeframe chart analysis revealed a different story.
Before January 6, the token was trading at around $0.06. However, it began to exhibit an upward trend from that point. And despite experiencing some highs and lows, it gained by over 55% before its subsequent decline that commenced after March 31. Nevertheless, from March 31 to present day, it has only lost approximately 13% of its value. At the time of writing,recorded a decline in value of over 7%, which caused it to fall below the neutral line on the Relative Strength Index .
At the time of writing, the RSI line was above 40 too, indicating a strong bearish trend for XLM. Additionally, the volume metric on Santiment revealed that XLM has been experiencing low trading volume, with the same noting a figure of 41 million – Significantly lower than >200 million recorded in March.
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