Price Analysis

Stellar (XLM) Price Analysis: Stellar With Its Great Performances Is On Its Way To Be One Of the Top 5 Cryptocurrencies

XLM is one of the most progressive cryptocurrencies and is already in the top 10 list. XLM has showcased incredible performances over the past years. It is already giving tough tiers to LTC and is now holding approx. 4.5 billion dollars as its market cap. This upward drive is not only due to the potential of this crypto but also due to its active market trends. The most trending news about XLM is that it is renamed as Interstellar with its partnership with IBM. IBM, which relies on Hyper Ledger, is now moving lump sum amount of money with the partnership between VISA and Interstellar. If this partnership goes ahead, then, Visa can use Interstellar blockchain to do its millions of transactions of each day.

Current status:

  • Current price: USD 0.136311
  • Market cap: 2,618,978,872 USD
  • Market rank: 9
  • Circulating supply: 19,213,277,188 XLM

Price analysis and future price predictions:

Stellar

The above Stellar chart shows that at present, XLM is getting traded at 0.136423 USD or 0.00001715 BTC (UTC time 06:51). Its current 24h volume is worth of 495,840,328 USD. The same chart shows that approx. 1 month earlier, XLM had a trading value 0.104981 USD with a market cap of 2,037,168,384 USD. So, within this one month, the value of XLM has spiked up by 29.95% with 0.129084 USD as a good support resistance.

On the basis of the price analysis and current updates, we assumed that XLM could be trading around $0.28 by the end of 2019.

Conclusion:

Overall, XLM is a great cryptocurrency that is gaining immense attention from the financial and banking sectors. It can be considered as a good option for long term investment.

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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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