Price Analysis

Stellar Lumens (XLM) Price Analysis: Has Stellar Reached the Lowest Point?

Stellar

Stellar (XLM) coin is a part of Stellar network, and Jed McCaleb owns it from 2014. It is known as an open source, distributed, and community-owned platform backed by blockchain technology. This platform facilitates cross-asset value transfer, and it is done with minimum expenses and immediately. The coin aims to connect all the financial institutions of the globe and make the whole payment and settle system more efficient and free from any external impact.

Current Statistics-

StellarWith a whopping 3873.17 % of Return on Investment (ROI), it is ranked at 9th in the whole market. The current coin circulation stands at 19,302,935,738 XLM. The current market cap as on 15th April at 08:19 UTC stands at 2,269,920,959 USD, and the value of each coin stands at 0.117595 USD and 0.00002278 BTC. The 24 h volume at the same UTC is 238,799,680 USD.

Comparison-

The year started on a positive note for Stellar Lumens (XLM). It has achieved enormous growth over the period and with some major downward movement, it reached the highest point of 0.13 USD in the last week. Along with the market, Stellar (XLM) also noted a high growth post 1st April. But the growth could not be sustained for more than seven days. It has been falling since then. The market cap on 15th March was 2,055,888,511 USD. The value of each coin was 0.106980 USD and 0.00002704 BTC. The current market cap is 10.41 % more than the market cap of 15th March. And the value of each coin in USD has inflated by 9.92 % in the last 30 days. It should be noted that the coin has reached the lowest on February 7th at 0.075 USD.

Prediction-

After many inconsistencies in the last 15 days, the coin has settled at a very low point. Stellar (XLM) has faced the first resistance at 0.131 USD, and as of now, the next resistance should be 0.12 USD. Then it should move gradually with an upper trend. It is not a very good time to make a purchase, as the coin will certainly decrease its value further. But the medium term outlook seems bullish with 0.14 USD to 0.15 USD target. The long term also seems positive. The long term holders should aim for 0.2 USD by the end of 2019.

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