Stellar Protocol 23 upgrade
Stellar’s XLM is currently trading at $0.31 as Bitcoin’s decline below $105,000 has led to widespread selling in the market. This downturn has overshadowed the positive developments from Stellar’s Protocol 23 upgrade and its $460 million partnership with Archax. The recent crash in Bitcoin has resulted in approximately $1 billion in liquidations across various cryptocurrencies, impacting market sentiment significantly. Despite the negative market conditions, the Protocol 23 upgrade was expected to enhance Stellar’s capabilities and attract more users. However, the immediate effects of Bitcoin’s plunge have dominated the market narrative, leaving little room for positive news to gain traction.
