fbpx
Price Analysis

Stellar Lumens (XLM) Price Analysis: Stellar’s Bull Run is not Anticipated

Stellar coin (XLM) is an open source, distributed, and community-owned platform backed by Stellar Network. Jed McCaleb and Stellar coin own stellar network were created in 2014. The platform provides the option to transfer cross-asset value. And the cross-asset value transfer is done with minimum expenses. The aim of Stellar coin (XLM) is to make itself a full-fledged financial system which would provide financial services at very low cost, and it also aims to connect all the financial institutions globally so that the time taken for the transaction will be less for along the border transfer with complete anonymity and security.

StellarWith a very high 4128.42 % of return on investment (ROI), this coin is ranked 8th in the crypto market. Though the total limit of coin circulation is not given, the total supply stands at 104,862,366,606 XLM out of which 19,261,665,326 XLM is currently in circulation. The current value of each Stellar Coin is 0.126017 USD on 05th April at 06:44 UTC. The market cap at the same moment was 2,427,290,453 USD. The value in terms of BTC stands at 0.00002534 BTC, and the 24 h volume is currently at 416,727,126 USD.

The value trend of Stellar Coin has not been consistent. Experts have been predicting the same to continue for this quarter as well. In the first week of February, it reached its lowest point in terms of USD at 0.074. But it soon gained the momentum. The last month has been a roller coaster ride for Stellar Coin. The market cap on March 05 was 1,615,323,553 USD. And the value of each coin in terms of USD and BTC was 0.084075 and 0.00002222 respectively. The current market cap was 50.26 % more than the value of the previous month on the same date. And the value of each coin in USD has inflated by 49.88 % than the value of 05th March. Since March 5th the value has increased except one instance of low growth around 26th March.

As Stellar Coin has experienced recent growth, it is evident that the price consolidation is yet to happen. There may be another price correction in the recent future. Anyway, experts predict that Stellar has no bearish movement in this quarter except a few negligible instances. The market is going to be pumped for Stellar Coin, and the short term investors must target 0.15 USD to 0.16 USD to secure a huge profit margin. Long term investors need to be patient. The Bull Run may not happen in the coming weeks, but it is surely going to happen in this quarter or the next quarter. This may fetch a whopping more than 100% profit for the investors who love to stick in.

Tags

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.

Related Articles

Back to top button
Close