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Hashtag #MyCryptoFunnyMoment is requi
Stellar (XLM) might be on the verge of something big. At least, that's what Quantum Ascend's Elliott Wave analysis suggests. They're talking about a possible 400% jump in XLM's market cap, aiming for around $60 billion. Pretty wild, right?
The analysis looks at market cap data. It's kind of a different approach, considering XLM's supply stuff. Apparently, we're entering the fifth wave of a bullish cycle that started way back in 2016. This last wave could push XLM's price to about $1.96, maybe even $2.28. Sounds optimistic.
XLM's trading at $0.386 now, with a $12.28 billion market cap. If it really goes up 5x, that'd be a new record. Higher than the $0.938 peak from January 2018.
Why so bullish? A few reasons:
- Fourth wave finished in April 2025
- An "88% week" in July
- Some Fibonacci projections
Remember that token burn in 2019? The Stellar Development Foundation cut the supply to about 50 billion XLM. It's not entirely clear how that plays into all this.
Elliott Wave theory isn't perfect. But this analysis makes XLM look pretty promising. Crypto fans are excited about hitting $2, but it might stop just short at $1.96. Who knows?
Crypto's unpredictable. Things like macro liquidity and Bitcoin could mess with the plan. Still, Stellar's future seems bright. We'll see!