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Price Analysis

Stellar Lumens (XLM) Price Analysis: Stars Seem to be in Favor of Stellar Coins!

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Stellar (XLM) coin is a part of the big Stellar network. Jed McCaleb owns the network. The platform is an open source, distributed, and community-owned one. The coin was created in 2014. The platform deals with the transfer of cross-asset value. And the platform facilitates the transfer with minimum cost. The motive of Stellar (XLM) is to make a complete payment and settlement system which is decentralized and not very heavy to pockets of the stakeholders. It also provides anonymity along with quick transfers.

Current Statistics-

StellarStellar (XLM) is the 8th largest crypto coin in the market with a whopping 4144.05 % of return on investment (ROI). The total coins in circulation are 19,281,265,728 XLM. The market cap on 10th April at 04:09 UTC is 2,416,407,602 USD. The value of each coin in terms of USD and BTC are 0.125324 USD and 0.00002400 BTC respectively. The 24 h volume stands at 310,055,944 USD at the same UTC. The recent week had seen a growth in the value of Stellar (XLM), before that the value of Stellar (XLM) was inconsistent.

Comparison-

The year started on a higher note for Stellar (XLM), but it soon fell to the lowest level in just one month. Since then, the value has been experiencing inconsistencies. But the recent market rally of crypto coins helped Stellar (XLM). The value of the market cap of Stellar (XLM) on 10th March was 1,729,315,337 USD. The value of each coin in terms of USD and BTC were 0.89998 USD and 0.00002277 BTC respectively. The current value of the market has grown by 39.73 % in the last 30 days and the same way the value of each coin has plummeted by 39.25 % since one month. But, it is to be noted that the latest growth rate was achieved after the market rally that happened on 1st week of April.

Prediction-

As per experts, the price oscillation is to continue for a long period. The short term outlook, as well as the long term outlook, seems bearish. The next target for medium-term investors should be 0.15 USD. That may happen to be a resistance, from which the value may fall again. But, it will rise in the longer term. Predictions have pushed the coin to as high as 0.5 USD by the end of 2019. So, that makes now a perfect time to make a purchase. This may give you a whopping 300 % profit over your investment. The short term investors are advised to hold to their investments a little longer.

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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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