Stellar Team seems to work progressively and take their concerns pretty seriously now.
On Monday, June 10th at 16:00 UTC, validators will vote to upgrade the Stellar Network to Protocol 11!
— Stellar @ Meridian (@StellarOrg) May 30, 2019
As per the information, June 10th will be seen as a big change in terms of upgrading their networks. At 16:00 hours at UTC, the validators will be voting for Protocol 11. They want to inform the users, developers, and traders as to how this protocol will really help the network. With the help of better transaction pricing, the introduction of the offers when you buy along with improvement in network capacity; we might be able to notice some changes soon.
XLM Price Analysis:
At 4:32 UTC, the value of XLM is traded at $0.1386 on 3rd June 2019. The Return on Investment is marked at 4558.07% with XLM ranking at 10th position. The Market Cap value can be seen at $2,678,943,072 USD with 24 hour volume at $453,966,256 USD.
Stellar Lumens (XLM) Comparisons:
However, since the beginning of the year, Stellar (XLM) has shown some positive surges. But comparing the data from past one year, traders are still trying to overcome the hits and burns of XLM. One can analyze the same from the chart. The value since the beginning of the year is still inked in red. However, if the chart continues to reflect the upsurges, right now might be a good time for long term investment.
But short term investment might still be a better option for traders to capitalize their investment with good figures.
Comparing the data from last one month, the lowest was realized on 10th May with value $0.08775. The value has seen 58% upsurges from then. On the other hand, the highest value of the month was realized on 16th May with a value of $0.1620. The value is dropped by 14% when compared with the highest price. For traders still confused on how to dive in the Stellar market, the short-term investment might be a good choice to start with.
Stellar Price Prediction and Conclusion:
Will Stellar Lumens (XLM) reach out to $1? The most common question that arises when the predictions for Stellar come up. However, as per our predictions, it might not happen by the end of this year. One can probably expect the value to touch $0.2 to 0.25. However, investors to run the safe trades, they can consider $0.139 as the resistance and $0.124 as the support level.
We are hoping that after the announcement on June 10th, more traders will join the Stellar Lumens community, increasing the trend of the coin. Till then, we wish luck with your short term investments!