- Stellar’s $0.37 support level could determine its next price movement.
- Protocol 23, Whisk, focuses on improving transaction speed and developer tools.
- The upgrade promises a smoother network experience with reduced latency.
Stellar ($XLM) is currently at a pivotal point, with its price testing the $0.37 support level. The future movement of Stellar’s price depends heavily on whether it can maintain this key level. A drop below $0.37 could signal further downside risk.
On the other hand, holding above this level might trigger a potential rally toward the $0.50 mark. Traders are keenly monitoring this crucial support zone as it could set the stage for a breakout or continued decline.
Stellar Protocol 23: Whisk to Enhance Network Performance
Stellar has introduced Protocol 23, named Whisk. This new protocol aims to enhance both network performance and developer tools significantly.Â
With faster transaction processing and reduced latency, Whisk seeks to improve user experience and overall platform efficiency. Developers will also benefit from more intuitive tools designed to simplify the building process on the Stellar network.
“The update will make it easier for developers to work on the platform, reducing friction and enabling faster deployments,” said Stellar’s development team. The new tools should encourage greater adoption among developers, streamlining application processes and improving performance. Stellar has consistently sought to enhance its ecosystem, and Protocol 23 represents another significant step toward achieving this goal.
What’s Next for Stellar?
With Protocol 23 set to go live after validator approval on September 3, 2025, many in the crypto community are hopeful that the upgrade will spur further interest in the network. The Whisk protocol will also improve how transactions are handled, providing an optimized experience for users. As part of this upgrade, developers are encouraged to update their SDKs to ensure compatibility with the new features.
The combination of improved network performance and more developer-friendly tools could lead to increased activity on the Stellar network. However, much depends on how Stellar’s price behaves around the $0.37 support. Should the price hold above this level, the network’s improvements may be reflected in stronger market confidence and higher prices.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
