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Price Analysis

Stellar (XLM) Price Analysis: Wirex Launched 26 Coins on Stellar Network; 2019 Target Rests at $1

  • Wirex has launched 26 stable coins on the Stellar blockchain network.
  • The 2019 target price should be set around 1 USD.

Stellar (XLM) has been constantly making huge developments as far as new tie-ups and collaborations are concerned. Recently, a payment platform, Wirex has launched 26 stable coins on the Stellar blockchain network. The U.K. – based payment platform has officially declared that fiat currencies will support stable coins including the U.S. dollar, euro, the British pound, Hong Kong dollar, and the Singapore dollar. Along with this, Stellar coin is now available on ‘Coinsquare’ and ‘CoinDeal’ exchanges. The addition of Stellar in new exchanges will have a positive impact on the price. We predict the coin to reach 1 USD mark by the end of 2019. We should now analyze the current statistics to understand the picture clearly.

Current XLM Price Statistics-

Stellar Chart

  • Stellar (XLM) is the 9th largest crypto coin in the market.
  • The ROI (Return on Investment) stands at 4395.51%.
  • A total of 19,267,054,195 XLM coins are in current circulation.
  • The current market cap as on 22nd May at 03:01 UTC stands at 2,576,831,157 USD.
  • The value of each coin stands at 0.14 USD and 0.00001685 BTC.
  • The current 24h volume at the same UTC stands at 410,035,761 USD.

XLM Price Comparison-

Stellar (XLM) started the year with 0.11 USD price, and it has gone through many steep price variations in the last four and a half months. The lowest point of the coin was on 08th February at 0.074 USD, and the highest point was reached on 16th May at 0.14 USD. The market cap on 22nd April was 2,191,918,966 USD, and the value of each coin stood at 0.113198 USD. The current market cap and the value on USD are respectively 17.56% and 23.67% more than the figures for last month.

XLM Price Prediction-

As mentioned earlier, the coin is having a bullish period now. The next resistance will be there at 0.25 USD, 0.30 USD, and 0.35 USD. By the end of 2019, the coin will breach the anticipated 1 USD mark. By the end of 2020, the coin will be there around 5 USD mark.

Conclusion-

It is definitely a good time for the new entrants to come in. The long-term bullish market will give at least a profit of 3 times the current investment value.

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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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