Stellar Lumens (XLM) Price Analysis : Persistent Bearish Trend Will Bring Stellar Down To Further
Stellar like other cryptocurrencies, is an open source, decentralized blockchain platform with its native digital currency Lumen. It is a global payment platform that is facilitated by Stellar Lumens or XLM. It has ample benefits associated with it. It is faster, secure and helps to execute ultra-cheap payments between a large number of currency pairs. It is built with the aim of providing a global financial network that is open to everyone.
Current status of XLM
Currently getting traded at USD 0.087541, XLM is the 9th largest cryptocurrency in terms of its market cap (UTC time 04:08). It has a circulating supply of 19,214,943,781 XLM which is worth of $1,682,100,313 USD. Compared to its yesterday’s price, the value of XLM has spiked up by 2.15%, and it is currently following a bullish trend.
Price analysis of XLM on the basis of stellar charts
The above chart shows that currently, XLM is getting traded at 0.087852 USD or 0.00002248 BTC (UTC time 04:13). Its present market cap has a trading value of 1,688,065,785 USD. Its 24h volume is being traded at 146,484,261 USD. The same chart makes it evident that nearly one month earlier, the value of XLM was 0.080320 USD. From these two price points, it is cleared that within this one month, the value of XLM has been increased by 9.37%. In this one month, XLM has been on a bullish trend with 0.084150 USD as a good support resistance.
Future price predictions of XLM
From an optimistic point of view, Stellar Price Prediction by experts, XLM would not be able to go more than $0.30 mark for the entire year of 2019. It can be close to $0.28 at the end of 2019. By the end of 2020, its price is expected to be around $0.50. So far long term prediction is concerned, the value of XLM is assumed to be around $1.20 by November 2025.
As per the prediction of the crypto analysts, XLM is not expected to attain stability before 2020 and that even, at the end of the year. Before that, its prices will mostly be towards the bearish trend.
Final thoughts
Investing in XLM at present can be a futile idea. The investors should wait for the right time till XLM attains stability to an extent to give good returns on its investment.
