Price Analysis

Stellar Lumens (XLM) Price Analysis: Stellar was Down for Two Hours Over Internal Disputes; Bearish Short-term Outlook Ahead

  • Doubts have been raised again over Stellar’s over-centralization.
  • The 2019 prediction price goes with 0.30 USD.

Stellar (XLM)- a hard fork of Ripple, has recently been dragged to controversy after it had disagreements with Ripple. This disagreement has made the whole system down for two hours. Tim Swanson confirmed this over a tweet and developers at Stellar confirmed this occurrence. This incident again erupted the debate over decentralization. Last month Stellar’s chief scientist stated that decentralization is a major concern for the cryptocurrency. He even said that Stellar is so centralized that it is not considered to be “secure.” The short term outlook is bearish, but the medium term and long term outlook are bullish. The 2019 target rests at 0.30 USD. We should now look at the current figures to understand the growth pattern.

Current Stellar Price Statistics-

Stellar

  • Stellar (XLM) is the 9th largest crypto coin in the market.
  • The ROI (Return on Investment) stands at 4288.02%.
  • A total of 19,185,277,038 XLM coins are in current circulations.
  • The current market cap at 04:34 UTC stands at 2,536,808,681 USD.
  • The value of each coin stands at 0.132227 USD and 0.00001810 BTC.
  • The 24h volume at the same UTC stands at 510,618,032 USD.

Stellar Price Comparison-

Stellar has shown huge price variations in the last four and a half months. The lowest point of the coin was on 07th February at 0.073 USD, and the highest point was on 16th May at 0.014 USD. The market cap on 18th April was 2,266,604,723 USD, and the value of each XLM coin was 0.117267 USD.  The current market cap and the value of each XLM coin in USD are respectively 11.92% and 12.75% more than the figures for last month.

Stellar Price Prediction-

The short term path of Stellar is bearish. Stellar coin is being traded around 0.13 USD now, and it may fall to 0.10 USD. But it will rise again. The next resistance point will be at 0.25 USD. We predict the value of each coin to reach 0.30 USD by the end of 2019. The 2020 prediction rate goes with breaching the 1 USD target. It should be noted that the growth path of Stellar will have many inconsistencies.

Conclusion-

The perfect buying time will come within the next two weeks at 0.10 USD price level. Long term holding will give a huge profit over the current invested amount.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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