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Price Analysis

Stellar Lumens (XLM) is on the Fall Now, But Soon to Find Bull on its Way to 1 USD Mark

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Stellar coin (XLM) is an open source, distributed, and community-owned platform created by Jed McCaleb in 2014. It completes the cross-asset transfers of value with minimum turnaround time and anonymity. The aim of Stellar coin (XLM) is to give a substitute to the stakeholders of the global financial system with a low cost and more efficient system. It plans to connect all the financial institutions of the world so that the payment and settlement system of the globe will be free from centralized control.

Current Statistics-

stellarStellar coin (XLM) is the 9th largest coin in the global crypto market with 3550 % of ROI (Return on Investment). The coins in current circulation are 19,364,212,288 XLM. The market cap as on 24th April at 02:09 UTC stands at 2,096,178,704 USD. And the value in USD stands at 0.108250 USD, and in BTC it is 0.00001952 BTC. The 24 h volume at the same UTC stands at 250,649,050 USD.

Comparison-

Stellar coin (XLM) has been subject to many price variations in the last 100 days. It started with a relatively higher note, but could not retain the momentum for long. The lowest point was achieved on February 7th at 0.07 USD. Soon it rose again to create a triangle trap. The market cap on 24th March was 2,064,500,740 USD. And the value of each coin in USD stood at 0.107385 USD. The current market cap is 1.53 % more than the market cap of 24th March’s market cap. The value of each coin has inflated by 0.80 % in the last 30 days.

Prediction-

Currently, the value of each Stellar coin (XLM) is hovering around 0.10 USD to 0.11 USD. The value of each coin has decreased after the 1st April market boom. As the coin is undergoing a price correction phase, it is expected that it would rise further with resistance at 0.14 USD. The short term outlook is bullish with little variations ahead. By the end of next week, the price should be at the resistance value. The medium-term and long term outlook is bullish. By the end of this year, the value should be at 0.5 USD to 0.6 USD level. The 2020 prediction goes as high as 2 USD per Stellar coin.

Conclusion-

We advise the short term investors to buy coins now as the value will be going with an upper trend in the coming weeks. The long term and medium term investors will be profited with a huge margin if they hold on to their investments until 2019.

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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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