Price Analysis

One Can Expect Moderate Returns From Stellar This Year

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Stellar is an open source, centralized, distributed and community-owned network that facilitates cross-asset transfers of value with minimal transaction costs. It is aimed to be an open financial system that can enable people of various income levels to use this cryptocurrency for their own purposes. The digital asset of stellar is Lumens or XLM. Stellar is the payment network while Lumen is its cryptocurrency. A non-profit organization called Stellar.org runs both of these.

Current status of Stellar

Stellar (XLM) is currently getting traded at USD 0.084972. It has taken the 8th position among the cryptocurrencies that are currently getting traded in the crypto exchanges. Its current market cap has a trade value of $1,632,507,363 USD. At present, 19,212,285,395 XLM are available in the crypto exchanges. Compared to its yesterday’s price, the value of XLM has been reduced by -0.91%; it is currently on a bearish trend line.

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Price analysis of XLM on the basis of Stellar charts

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On the basis of the above chart, it is seen that currently, the price of XLM is 0.085028 USD or 0.00002209 BTC (UTC time 06:41). Its market cap is currently getting traded at 1,633,333,341 USD with 110,817,282 USD as its 24h volume. The same chart shows that the price of XLM nearly one month back was 0.082674 USD. So, within one month period, the price of XLM has got uplifted by 2.84%. Within this one month, the price range of XLM is noted to be on a bullish trend with 0.074086 USD as a good support level.

Future price predictions of XLM

According to the cryptoanalysts, the price of XLM will tend to be on the upper range in the upcoming days. According to Altcoin Forecast, XLM can have the ability to gain 35% against BTC. According to Wall Investor, the value of XLM at the end of this year can be $0.351, and after five years it can be $0.974. This prediction is indeed very conservative and as per their prediction, the price range of XLM can be on a higher side but, not so high enough to assure of remarkable good returns.

Taking considerations of all the above price predictions, we assume that the price of XLM can be $1.63 at the end of 2019. We will suggest not to invest in Stellar right now, or it may not be a good option for even short term basis investment as of now. Once the market recovers, Stellar can have the ability to regain its value.

Conclusion

Stellar is currently very fluctuating, and it’s a very futile idea to invest in this readily. It is better for investors to wait for the right time to invest in this crypto.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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