Stellar (XLM) bulls are looking for a potential breakout, while Bitcoin hits a multi-month high. Plus, a dive into Decentraland and Pendle. Before we dive in, let’s make sure you’re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro…
The post Crypto Corner: Stellar (XLM) Bulls on Breakout Watch appeared first on eToro.
Stellar (XLM) bulls are looking for a potential breakout, while Bitcoin hits a multi-month high. Plus, a dive into Decentraland and Pendle.
Before we dive in, let’s make sure you’re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account.
Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss Decentraland and Pendle.
Decentraland (MANA): Currently trading near $0.09 with a market cap of ~$184 million
Decentraland is an Ethereum-based virtual world where users can buy land, build experiences, and monetize digital content using the MANA token. MANA is used for LAND purchases, in-world goods and services, and governance within the Decentraland DAO, where holders vote on platform rules, treasury decisions, and policy changes. While the Decentraland Foundation still supports development, the platform is governed through a decentralized structure, and MANA functions as a utility and governance token rather than a claim on revenue, dividends, or ownership.
Pendle (PENDLE): Currently trading near $1.34 with a market cap of ~$225 million
Pendle is a DeFi protocol that lets users split yield-bearing assets into separate principal and yield tokens, creating new ways to trade, hedge, and lock in returns. Its custom AMMs are built for assets with decaying time value, supporting fixed-yield strategies and interest-rate speculation. PENDLE is used for governance, liquidity incentives, and emission control, with token holders influencing protocol decisions through a utility-driven model rather than any claim on revenue, dividends, or ownership.
Check out these three crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist. MANA and PENDLE are not currently available for NY users. Learn more.
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The Setup — Stellar
For several months, Stellar has been rangebound between $0.15 and $0.18. As the crypto market inches higher — with a total market cap now at $2.6 trillion, near a multi-month high — XLM bulls are hoping for a breakout above $0.18. If that breakout fails to materialize, Stellar may remain stuck in its current range.
What Wall Street’s Watching
BTC
Now trading above $78,000, Bitcoin is at its highest level since February 3. Working on its fourth straight weekly rally, BTC is up almost 20% amid its winning streak. While the top cryptocurrency by market cap had a tough stretch — falling 40% over the past two quarters — bulls are hoping that it’s found a low and can begin to repair some of the technical damage from the decline. Check out the chart for BTC.
BA
Shares of Boeing are moving higher this morning after the company reported better-than-expected Q1 results. Boeing posted a loss of 20 cents per share, topping estimates that called for a loss of 0.83 cents a share, while revenue rose 14% year over year to $22.2 billion, ahead of expectations for $21.8 billion. Dig into the fundamentals for BA.
CAR
Avis Budget Group surged 18% on Tuesday after jumping 23% Monday, leaving the stock up more than 600% over the past month. The move is being driven by a short squeeze, with short interest near 25% of shares outstanding. Deutsche Bank said the squeeze was fueled by filings showing SRS and Pentwater controlled an outsized share of the float. Some investors are expecting immense volatility in this name.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
The post Crypto Corner: Stellar (XLM) Bulls on Breakout Watch appeared first on eToro.
Published by:
Jason Mitchell