Stellar (XLM) continues to regain its value as the bullish trend in the market continues to hold. The cryptocurrency landscape is at the moment teeming with optimism and XLM holders can’t be faulted for being one of the happiest groups.

This week sees the coin gain more than +32% to move within touch of $0.40 level which would be its new recent high.

Stellar is trading in the region of $0.3835 against the USD, meaning that the coin has the potential to rally beyond the $0.50 level if it finds support above the $0.40 level. During the Asian trading hours, the coin has seen trade volumes of $79 million worth of XLM

Over the previous week, Stellar XLM was the best performing coin among the unicorn coin group. Ranked 8th, stellar gained nearly 70% to be ahead of cryptocurrencies like IOTA, OmiseGO (OMG), Cardano (ADA), NEM, and Monero (XMR). By then Stellar lumens had a market cap of $6.53B.

What could propel Stellar (XLM) towards achieving a new high before the end of April?

There are actually several reasons to support StellarLumens, not least what it has put forward as a roadmap. However, what remains the most attractive proposition for XLM and the platform is the IBM and other major partnerships on board.

The prospects of having Lumens as the underlying digital currency for international payments are very high. It thus makes this coin a good candidate for holding. That should be long-term. Short-term, however, the Stellar project has a few things going on that can help cement the positive aura within the community.

The Lumenaut Inflation Pool

Stellar recently announced that they would distribute a total of 100,000 XLM every week to its community. What an investor needed to do was to participate in the ongoing Lumenaut inflation pool initiative. Stellarlumens has a total supply of 103,887,050,716 XLM but has a 1% inflation rate.

The team, for instance, has announced that a total of 12,000 participants would receive a share of the distribution if they had a certain amount of XLM stored in their accounts.

The distribution is done free of charge and therefore, an investor needs only hold lumens in an account they control i.e. one for which they have a private key.

An investor donates 1 XLM to receive their share depending on what they have in the account, not at an exchange.

Lobstr Wallet support for Stellar

The announcement that XLM assets would be supported on the Lobstr wallet also has the community excited. With the wallet, users will have the opportunity to send and also receive a number of tokens on the Stellar platform. Some of the tokens that could be available include Mobius, Smartlands, Ternio, and Kin.

Other than using the lobstr.co site, users will also be able to access the services on Android or iOS apps. This opportunity has many in the XLM community waiting anxiously till the release. And with just days left to the end of the month, it could happen any time. Expect increased interest in the coin and thus, the value will spike.

The Repo Coin Airdrop

The Stellar team has promised to give up to $100 worth of Repo Coin to each person who participates in the airdrop.

The team has encouraged the community to take part and new investors who wish to take part can also get XLM first before becoming eligible. From the outset, this ongoing program has the potential to see the demand for XLM spiking, leading to a price surge.

Like the Lumenaut program, holders of the coin need to have at least 3 XLM in their wallets (it shouldn’t be at an exchange) to qualify. The public has also been advised to add a trust line for the REPOCOIN.IO digital assets to complete the process.

The three events, as we have seen, have the potential to get new investors interested in XLM coin and bring them on board. If this succeeds and the market remains positive for much longer, Stellar (XLM) would see higher trade volumes, driven by demand and, therefore, prices would appreciate.