# Will Stellar (XLM) Hit $1 In December?
## Introduction
The price of Stellar (XLM) has gained significant attention with the resurgence of the broader cryptocurrency market, which has seen a considerable increase in combined capitalization to $3.42 trillion, marking a 41.28% surge. Among the revitalized alternative coins, Stellar stands out as one of the most profitable, experiencing a notable 9.69% jump to $0.5204 in just 24 hours. The current speculation revolves around whether the XLM price can reach $1 by December.
## Can Stellar Price Reach $1 This December?
The optimistic market sentiment suggests the potential for Stellar to hit the $1 mark. In the past 24 hours alone, Stellar’s price surged from $0.4753 to $0.5478. Over the last month, the coin has soared by over 447%, positioning itself as one of the top-performing altcoins within the top 20 rankings. With such impressive monthly price fluctuations, ranging from $0.08952 to $0.6342, maintaining the growth momentum witnessed in Q4 could pave the way for Stellar to achieve the elusive $1 milestone.
Earlier assessments on XLM price movements explored the feasibility of breaching the $1 threshold, considering that the coin’s all-time high was recorded at $0.9381 seven years ago. Amid the current bullish outlook, the spot price has reached its highest level since mid-May 2021.
While indicators like the Moving Average Convergence Divergence (MACD) signal a potential sustained rally according to the XLM/USDT 1D chart, the Relative Strength Index (RSI) at 78 hints at the coin being overbought. Consequently, a short-term correction could precede any upward surge in Stellar’s price.
## The Fundamental Boost
In addition to the promising technical outlook, several fundamental factors contribute to a favorable environment for Stellar’s price appreciation. Grayscale Investments recently opened private placements for various altcoins, including Stellar, offering new opportunities to corporate and institutional investors.
Stellar’s core focus on enhancing crypto payments has expanded, with plans to introduce smart contracts through the Soroban upgrade initiative. This strategic move aims to further integrate Stellar into the flourishing Decentralized Finance (DeFi) ecosystem and foster innovation within the blockchain space.
The potential for Stellar to hit $1 in December remains a topic of significant interest and speculation within the cryptocurrency community. As the market dynamics continue to evolve, both technical indicators and fundamental developments could play key roles in determining the future trajectory of XLM’s price.
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## Conclusion
The evolving landscape of the cryptocurrency market sets the stage for Stellar to potentially reach the $1 milestone by December. With a combination of robust technical indicators and supportive fundamental factors, the path to $1 for XLM represents an intriguing narrative that investors and enthusiasts eagerly anticipate.