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Price Analysis

Stellar Lumens (XLM) Price Analysis: Stellar Leaves Binance Coins Behind And Rise High

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Stellar (XLM) is a pragmatic blockchain project aimed to bridge the gap between the fiat currencies and digital currencies. It uses its unique Stellar Consensus Protocol, and it focuses on integrating distributed ledger technology into the existing financial infrastructure. Stellar represents the future of banking and is intended to fill the gap that exists between the disparate closed systems. While Stellar benefits everyday organizations, banks, and financial institutions, it allows institutions to leverage its network for reducing transactions, managing micropayments and remittance costs.

Current status of XLM

XLM is currently getting traded at USD 0.130801 (UTC time 09:22). With a market capitalization of USD 2,520,483,572 and a circulating supply of 19,269,672,226 XLM, it is the 8th largest cryptocurrency.

Price analysis of XLM

Stellar LumensThe above chart shows that XLM is currently traded at 0.130801 USD or 0.00002500 BTC. Its present market cap is worth of 2,520,499,521 USD, and its 24h volume is worth of 365,750,604 USD. The same chart shows that approx. One month earlier, XLM had a trading value of 0.93719 USD. So, within this approx. One month, the value of XLM has been decreased by 86.04%.

Future price predictions of XLM

According to Long Forecast, XLM is predicted to reach $0.30 by 2019 end. Wallet Investor thinks that after five years, it can be around $1.005. Mega Crypto price assumed that it could rise to $5.10 by the end of 2019. Monetize Info thinks that XLM can reach $2-$ three by 2019. As per the Economy Forecast Agency, XLM can be around $0.64 by 2020.

Conclusion

XLM is although a promising cryptocurrency, it is facing high fluctuations in its price due to great volatility. It is better for the investors to wait for some more time till it attains stability.

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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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