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Price Analysis

Stellar Price Analysis: Boris Reznikov Engaging Audience To The Future Of Stellar Lumens (XLM)

Boris Reznikov, the Director of Partnership of Stellar Lumens community, seems to be quite confident on the money flowing in the network. Stellar Meetup in Berlin was headed by him where he stated,

There should be no reason why in this day and age money doesn’t flow as seamlessly, quickly, and cheaply as email does.

He kept the community engaging by talking about the Past, Present and the Future of Stellar Lumens.

Well, everyone is hoping to see the future of XLM and the price evaluations of the same.

Let’s see what 4th June 2019 has to contribute to the price today.

Stellar Price Analysis on 4th June 2019:

 Stellar price chart - 04 June

The market seemed to have a small dip since yesterday. The Stellar coin price is traded at $0.123 at 3:57 UTC on 4th Jun. The Return On Investment is approximately standing at 4125% today. The ranking of the coin is positioned at number 10 for today. The market cap value is $2,430,524,532 USD with 24 hour volume at $457,396,081 USD. The supplies circulating in the market is standing at 19,329,363,613 XLM against a total supply of 105,042,499,082 XLM.

Stellar Price Comparison:

 Stellar price chart - June 04

Considering the short term investment, it looks like one can surely test their luck! However, it seems that today is a drop which is seen on almost all the coins, but it is still considered to be under the support level. The market has dropped to 13% from the recent highest value and increased to 38% from the recent lowest value. The value is fluctuating in a safer zone, which might attract traders for short term capital goals.

Stellar price chart - Jun 04

However, the long term goal is not something you might want to focus on right now. Since the beginning of the year, the Stellar price chart as only inked values below the baseline. So be careful with your long term capital goals.

Stellar Price Prediction and Conclusion:

With Boris Reznikov gaining the trust of the community and bringing ventures like IBM on board, it is surely attracting the traders. But Stellar Lumens (XLM) must scoot to the upward trend in order to respect their position on traders and developers.

The price is the coming years might stand with an upward trend, but you might not want to invest in bulk for now. Catching on the trend and analyzing the flow of the XLM chart is the first thing one must do, before burning fingers in the market.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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