Stellar Lumens (XLM) Price Analysis: Stellar Likely to See Bullish Period

Stellar coin (XLM) is a part of the Stellar Network created by Jed McCaleb in 2014. This network is an open source, distributed, and community-owned platform which facilitates cross-asset transfers of value. Stellar provides cross-asset transfer of value at a minimal rate. The mission of Stellar network is to become a full-fledged financial system where low-cost financial services would be available. The payment technology of Stellar platform has a mission to connect all financial institutions which would lead to lower transfer costs and less turn-around time for cross-border transfer.

Stellar LumensStellar (XLM) is ranked 8th as far as the size of the cryptocurrencies is concerned. The total Stellar coin has a circulation capacity of 104,842,370,964, whereas 19,238,139,142 coins are currently in the market. As per the Coinmarktecap’s data, Stellar (XLM) has a return on investment of 3556.38%. The performance of Stellar (XLM) has been with many uncertainties this year. The year started with a good market cap value of 2,163,855,781 USD. And as per the latest data, the current value of Market cap of Stellar (XLM) stands at 2,089,012,435 USD at 08:04 UTC on 30th March 2019. The value of each coin is 0.108587 USD, and in terms of BTC, it stands at 0.00002576 at the same UTC. The 24h volume is 346000078 USD currently.

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Though the year started with a relatively higher note, the fall started on the latter part of February.  However, this fall was not sustained for a long time, and now it has been growing steadily. So, uncertainties have been the part of Stellar’s performance this year. The lowest point in both market cap, as well as the value in USD, was seen on February 7 at 1,420,114,513 USD and 0.074086 USD respectively. However, the fall of price over a day is what amazed the investors. That happened on February 24-25. The value of market cap after the quick fall on February 25 was 1,609,598,182. The current value of market cap is almost 29.7 % more than the value of February 25. The same trajectory could be seen on the price of each coin on USD terms as well. On February 25 the value of each coin in terms of USD was 0.083927. And the current value of each coin in terms of USD is almost the same 29.4 % more than the value of February 25.

Looking at the trend of Stellar, one can easily say that it has given a good dividend to the investors who have been keeping patience. The first quarter of 2019 has seen steady growth and experts have predicted a brighter future for this coin for the rest of 2019. The performance of Stellar can be equated with the performance of crypto major Bitcoin. We predict the coin to touch 0.18 USD in the next few months, and it may touch 1$ as well by the end of 2020. So, investors are advised to hold for a longer term as the bullish period has just started for Steller.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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