Price Analysis

Stellar Lumens (XLM) Price Analysis: Will Stellar Revive Back Again Through New Partnerships And Collaborations?

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Stellar is enabling cross border transactions effortless and hassle-free. The blockchain based platform has been able to secure much attention since its inception in 2014. Developed by Jed McCaleb who is also the co-founder of Ripple, the open source centralized platform is helping financial institutions & banks to manage their inter-country transactions conveniently without spending loads of time, energy and money. It claims to be a secure and highly reliable platform for users to manage their money transfers without paying any additional fee for availing the service. The team of Stellar aims to revolutionize the banking industry by enabling middlemen free payment exchange seamless.

Current Statistics

Stellar Price Chart (01.04.2019 - 30.04.3019)As on April 30, 2019, at 10:54:00 UTC, the price of the coin is recorded as 0.09 USD & 0.00001847 BTC. The 24 h volume is 196,208,830 USD, and the ROI is now 3,148.59%. With a market cap of over 1,844,945,863 USD, the coin is ranked at the 9th position in the top 100 cryptocurrencies list by the CoinMarketCap. The total supply of the coin, currently, is 104,942,387,317 XLM and the circulating supply is over 19,102,799,242 XLM.

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Comparison

As on April 01, 2019 at 07:04:01 UTC, the market cap of the coin was reported as 2,078,807,516 USD, the price was trading at 0.10 USD & 0.00002623 BTC. The 24 h volume was noted at 272,691,351 USD. The downward trend of over -10% has been reported in the past one month with lowest price of 0.095USD & highest being 0.134 USD. The lowest remained the same in the past 7 days as well, but the highest price was recorded at 0.114 USD.

Prediction

The team behind Stellar has always been on its toes to promote the coin, its underlying technology, and the overall impact & output before the crypto enthusiasts, followers, investors, and supporters. The coin has gained significant traction & acceptance with ongoing promotions. Additionally, the Stellar team has also made some important partnerships in the recent past to make the coin relevant and position it as the future of the cryptocurrency targeting the banking sector. Partnership with firms like IBM and Deloitte has provided a competitive edge to this currency. Moreover, it is also exploring the startup world to increase its demand & visibility before the end user. The collaboration with Israeli firm Pioneer is one such example where XLM was used as an incentive sent to the users for participating in the contests. Hence, 2 years down the line, the price of the coin can be expected to rise to 5 USD, and it can also reach between 10 USD – 50 USD within the next 5 years. By the end of 2019, the coin can reach as high as 2 USD.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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