Top 4 Coins That Can Challenge XLM’s “Stellar” Growth

Stellar (XLM) has showcased impeccable performance over the last 24 hours as its price skyrocketed. To be precise, the XLM price witnessed a more than 13% price hike over the past day. This instilled excitement in the community—a sign of continued price uptrend. 

However, while XLM is in the spotlight, a few other cryptos also showcased potential for growth. In fact, if things fall in place, they might as well outpace Stellar in the coming days. 

1. Cardano (ADA)

Cardano price was closely following the footsteps of Stellar as it also managed a 10% value surge in the last 24 hours. This latest pump pushed the token’s price to $1.05. In fact, investors are also showing confidence in Cardano. The Chaikin Money Flow (CMF) registered an uptick—a sign of new money coming into the market, indicating rising buying pressure.

If this momentum continues, it might allow ADA to surpass XLM’s growth rate. Nonetheless, it will be crucial for the token to first go above its $1.09 resistance in order to target its December 2024 high of $1.23 in the short term. 

2. Pikamoon

While Cardano and Stellar are tokens that the majority of the market is keeping an eye on, Pikamoon (PIKA) is yet another token that might silently steal the show from the rest. Pikamoon is creating one of the most advanced GameFi metaverses in the world. It is emphasizing immersive 3D graphics, artwork, and gameplay to achieve its goal.

In addition to its metaverse, Pikamoon provides a number of benefits in its NFT ecosystem. For instance, Dreva Metaverse personalized experiences and competitive esports arenas are exclusively available to Pikamoon NFT holders.

Amidst all this, PIKA managed a modest 1.5% daily price hike. But investors shouldn’t ignore this token, as the utility it bags, coupled with its offerings, it won’t be too ambitious to expect PIKA exploding soon. Analysis revealed that at press time, PIKA was testing its 21-day simple moving average (SMA) resistance. If bulls manage to push the token above that mark, then it won’t be a long shot to expect PIKA kickstarting a massive bull rally towards $0.00076. 

3. Dogecoin (DOGE)

Dogecoin (DOGE), being the world’s largest meme coin, also can’t be underestimated. Considering its previous track record, it also has the potential to challenge Stellar’s recent bull rally.

Dogecoin price has already risen over 4%, making it trade at $0.359. Moreover, Coinglass’ data revealed that the meme coin’s long/short ratio shot up in the 4-hour timeframe. Whenever the metric rises, it indicates that there are more long positions in the market than short positions—signalling rising bullish sentiment in the market. 

4. Avalanche (AVAX)

Amidst changing market dynamics, Avalanche (AVAX) also didn’t miss the opportunity to lift its price. The AVAX price increased by more than 3% in the last 24 hours, pushing its value to $37.06. Thanks to this latest price hike, the majority of AVAX addresses (56%) were “in money,” as per IntoTheBlock’s data.

However, if AVAX bulls plan to follow Stellar’s track, they must first push AVAX above $37.6, as a liquidation barrier lies at that level. If they turn out to be successful, then Avalanche might also display double-digit growth in the near term. 

To sum up… 

To wrap things up, XLM’s massive price rise have made it a hot topic of discussion in the crypto community, sparking expectations about others following the same trend. Among the rest, Cardano has already displayed double-digit growth, while DOGE and AVAX still wait for their moment to shine.

Nonetheless, Pikamoon can come into the limelight soon with its unparalleled offerings, which can attract investor interest. In turn, it could ignite a bull rally, allowing it to overtake XLM’s growth rate. 

To know more about Pikamoon (PIKA), visit the official website. 

The post Top 4 Coins That Can Challenge XLM’s “Stellar” Growth appeared first on CoinGape.