Stellar [$XLM] isn’t the party favorite right now, but that might soon change.
DTCC is moving closer to launching its tokenization service, and Stellar is expected to be part of that rollout. Will the development help $XLM price?
DTCC puts Stellar back in the spotlight
Stellar’s price has slowed down since DTCC first announced in May that its tokenization service would connect with the Stellar public blockchain.
However, there’s more to look forward to now.
DTCC is reportedly preparing to launch the service in October. This is after processing live production transactions with tokenized DTC-custodied assets in July along with dozens of institutions.
Stellar is already part of the roadmap. Tokenized DTC assets are expected to become available on the network in the first half of 2027.
Will there be an immediate rally? One can’t say.
However, there will be much more clarity on how large of a role public networks like Stellar will play. This will give a better picture on the long-term growth trajectory.
$XLM price in trouble?
The hope from these developments is far away in the future; the $XLM price outlook right now looks somewhat grim.
$XLM traded at around $0.172 on the 2nd of September. The token pushed above $0.20 in late August, and since then, $XLM has been steadily given back parts of that move.
The 14-day RSI was near neutral, and the MACD has also turned weaker. The MACD line was below the signal line at press time, and the histogram was also negative again.
Derivatives also look fairly weak.
Aggregated open interest fell from about $95 million to $78.6 million over the past week; traders are reducing leveraged exposure.
Funding was still positive at 0.0031, so positioning isn’t outright bearish. However, there isn’t enough confidence among traders.
Final Summary
- $XLM price is weak as it stands, at $0.172.
- DTCC’s October tokenization launch will put Stellar in focus.