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Price Analysis

Stellar (XLM) Price Analysis: Expect No Downfall of XLM As It Collected 600% Gains On YTD Charts

Stellar reached great heights months earlier before it gave a tough fight to LTC, which once used to be the 5th largest cryptocurrency. This is indicating that Stellar can soon be 6th largest crypto with the biggest digital asset. The crypto analysts are of the opinion that Stellar is appearing to be merging forward and upward only with no big possibilities of shrinking terribly. XLM also managed to collect more than 600% gains on its YTD charts.

Current status of XLM:

  • Current market cap: 2,371,868,604 USD
  • Market price: 0.123630 USD
  • Market rank: 9
  • Circulating supply: 19,185,277,038 XLM

Price analysis and future price predictions:

Stellar

The above chart shows that at present, XLM is getting traded at 0.123410 USD or 0.00001689 BTC (UTC time 05:45). Its current 24h volume is worth of 674,536,277 USD. The same chart shows that approx. 1 month earlier, XLM had a trading value of 0.113452 USD with a market cap of 2,196,844,351 USD. So, within this one month, the value of XLM has been increased by 8.77% with 0.111179 USD as a good support resistance.

On the basis of the present performances and price predictions, we believed that XLM could trade around $0.55 by the end of 2019.

Conclusion:

XLM is currently doing well. It has a probability to be on a bullish trend in the upcoming future.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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