XLM could be about to achieve a new high after switching up on the bears, in an effort that has seen perhaps the sharpest rally in the last three weeks.native cryptocurrency is making headlines with its eye-watering rally. Its performance so far this month allowed it to go from undervalued to one of the best performing coins of 2024.
It has so far rallied by 600% from its lowest to highest price point so far this month, making it one of the best performing top coins.While XLM appears to be defying gravity, its parabolic performance was also noteworthy for another major reason. The cryptocurrency traded close to its historic lows at the start of November. However, the impressive rally pushed closer to its 2021 ATH.Speaking of all-time highs, XLM did achieve a new ATH in one key area that underpinned the recent demand tsunami.
It also underpins the potential for more demand in the coming weeks. This is because such news could encourage more HODLing in anticipation of higher prices.
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