Why is Stellar (XLM) Price Rising This Week?

The Stellar token saw a significant value increase of 11.5% from September 2 to September 8, a noteworthy trend amid a decline in most altcoins during that week. This rise followed the testing of the $0.113 support level, which had been the lowest point for Stellar in the past two months. The price boost was spurred by a preliminary announcement from the Stellar organization on social media.

Although the announcement was somewhat ambiguous, it suggested that something important is set to occur on September 12, featuring phrases such as “something cool is dropping” and indications of upcoming changes.