- Stellar launches the world’s first on-chain Universal Basic Income (UBI), marking a historic milestone in blockchain adoption.
- Experts highlight Stellar’s UBI as a blueprint for social impact, showing how crypto can strengthen communities.
- XLM is approaching critical support zones, signaling a multi-year turnaround for long-term investors.
Stellar has enabled the world’s first on-chain Universal Basic Income (UBI) payout, marking a historic moment for blockchain adoption. By distributing funds directly up the chain, the initiative bypasses traditional financial barriers and provides a fast, secure and transparent method of wealth transfer. This milestone shows how crypto can move beyond speculation and toward real-world social impact.
Experts hail the project as a blueprint for meaningful blockchain applications, demonstrating that networks like Stellar can strengthen communities and improve economic access. It highlights the potential of crypto to address societal challenges, and not just the financial markets. With this achievement, Stellar positions itself at the forefront of practical, transformative blockchain innovation.
Also Read: Excellent Technical Analysis: Can XLM Hit $0.50 Resistance in Next Rally?
Stellar (XLM) Set for Multi-Year Reversal
In addition, the data from More Crypto Online revealed that Stellar (XLM) may be close to the end of the multi-year correction that started back in 2018. This is something that market observers are watching closely as market action could reveal what path the asset will take in the future.
In the first scenario, the price movement since the 2018 high can be identified as the correction triangle ABCDE. The E wave is now playing out as the sub-wave ABC, with possible support at $0.079 and $0.163. If this is the case, the region will serve as a springboard for the price move upwards for the fifth wave.
Source: X
There is an alternative setup that suggests that Wave 4 has already been reached in 2020 and a structure ABC is forming within the higher level uptrend on the chart for the XLM. It appears that the yellow C wave is forming on a diagonal as the market undergoes the pullback within the B wave phase.
Both patterns lead to the critical support area, where the bottom of the triangular formation acts as an additional support point for the token. It will be important to see how the market performs in this region as this could lead to one pattern becoming dominant over the other.
Also read: Stellar (XLM) Expects $0.57 as Bullish Flag and TD Sequential Trigger for Optimism
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