Price Analysis

Stellar Lumens (XLM) Price Analysis: Stellar Has Good Development Potentials But Moderate Returns, Claimed By Majority Crypto Enthusiasts

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Stellar is a distributed, open-sourced payments infrastructure with the aim to provide a worldwide financial network that remains open to everyone. Stellar is a non-profit organization and it was developed in 2014 by Jed McCaleb together with Joyce Kim. Stellar can assist transactions between people and the currency used by this network is termed as Stellar Lumens or XLM.

Current status of XLM

XLM is currently getting traded at USD 0.128152 (UTC time 03:48). It is currently on a bullish trend by 15.19%. With a market cap of USD 2,468,428,078 and a circulating supply of 19,261,659,426 XLM, it is the 8th largest cryptocurrency.

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Price analysis of XLM

The above chart shows that currently XLM is getting traded at 0.127191 USD or 0.00002539 BTC (UTC time 03:51). Its present market cap is worth of 2,449,918,093 USD with a 24h volume of 616,731,597 USD. The same chart shows that approx. One month earlier, XLM had a trading point of 0.089093 USD. So, within this duration, the value of XRP has been increased by 42.76% with 0.110333 USD as a good support resistance.

Future price predictions of XLM by Stellar Charts

StellarAccording to Long Forecast, Stellar is going to trade around $0.30 by 2019 end. Wallet Investor has predicted that after years, it can be around $1.005. Mega Crypto Price thinks that Stellar can be worth of $5.10 by the end of this year. Monetize Info assumed that Stellar could trade around $2-$ three by 2019 end. Furthermore, it has made many partnerships with eminent companies like Stripe and Deloitte which can further benefit its value.

XLM will be available in all crypto exchanges which has been missing earlier. It will be trading on NASDAQ, Bakkt, and Robinhood. Apart from that, the CEO of Stellar has huge potentials, and due to this, it is the 8th largest crypto. Majority crypto enthusiasts think that 2019 indeed is a crucial year for Stellar and it will be making some more effective partnerships sooner.

Conclusion

It will be best if one can wait for the right time till it attains heights and then, making investments accordingly as per the situation.

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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