XLM price ponders 20% advance as cryptocurrency adoption continues to gain traction

  • XLM price slowly ascends as it eyes a 20% climb to retest the $0.303 resistance level.
  • Paraguay lawmaker to introduce regulation for Bitcoin after El Salvador’s historic decision.
  • Stellar run-up could go awry if bears shatter the $0.218 support barrier.

XLM price is currently experiencing a slow but steady thrust that could propel it to crucial levels if the bullishness continues. Considering the adoption of cryptocurrencies being seen across the globe, it is likely that this activity will translate into meaningful price action soon.

Countries embrace cryptocurrencies

After El Salvador decided to make Bitcoin a legal tender on June 8, Carlitos Rejala, a Paraguayan lawmaker, has taken the next step in introducing a Bitcoin bill on July 14.

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