LMAO, the best indicator for a XLM bullrun? Well, a Ripple bullrun of course. These two act in tandem. Sometimes XLM leads the rally and sometimes XRP does. This just shows me that XLM/XRP investors believe in their specific blockchain tech.
Except for the fact that XLM is still heavily airdropping their coins at a very high clip, and XRP is not.
Especially when you consider the fact that XLM's airdrops require essentially no identification or anything else, which means that the supply can get inflated very easily. You also don't know whether or not there is any potential insider activity going on with the airdrop.
I think that XLM network has the potential to expand greatly. I just don't think the fundamentals are there for prices to pump heavily in the short term.
Airdrops were a sort of promotion for XLM, and they are done with that. Recently they made a bald move, they
burned 50% of coins. With halved supply they have more chances for some bull run.
XRP and XLM are competitors, maybe their price have some similar movement now, that will change in the future,
XLM is much better project in my opinion.