Stellar Price Analysis: Moderate Loss In Current Price Indicates A Future Upsurge In XLM Price

Stellar (XLM) marked a downfall in the price when the rest of the coins in the market are mounting. The pattern is mostly observed before a heavy upsurge. We are anticipating that the price of Stellar will touch a new high in the near future.

The altcoins in the market are mostly moving up. Bitcoin (BTC) crossed $12,000 once again and anchoring several coins. The market cap of the crypto market is noted as $35 billion. Yesterday, the coin touched a high at $0.106230 and a low at $0.103909. The coin marked $265,492,741 volume on 8th July 2019 in Stellar Lumens.

XLM To USD Intraday Price Chart:

Stellar (XLM) is trading at $0.10332.

The coin is 12th coin the crypto market.

The 24hr Volume is marked as around $323,387,951.

The market cap is calculated at $2,011,965,818.

The ROI (Return on Investment) is noted as 3,380.60%.

The circulating supply has 19,425,793,189 XLM.

Stellar price chart - july 9

As per the  XLM price chart from Trading View, at 08:11: 12 UTC, the coin registered a fall in the price. Yesterday, the coin opened at $0.105 and embarked a drop of 1.08% and took the price to $0.104. Later, the coin climbed from $0.104 to $0.106, marking a growth of 1.46%. Later, the coin fell from $0.106 to $0.104. The intraday loss was of 1.30%. The closing price was marked at $0.104.

Today, the coin marked an upsurge from price $0.1046 to $0.1049. The progression marked was at 0.33%. Later, the coin dropped to $0.103 from $0.104. The regression marked was of 1.74%. The downfall marked was of 1.22% as the price changed from $0.104 to $0.103.

Stellar Price Prediction and Conclusion:

The market is back with the bulls. The upsurge in the market seems to have legs and thus will sustain for a long time. Stellar will also walk up with anticipation of trading around $0.20 to $0.25 by the year-end. In the coming years, according to XLM Forecast, Stellar (XLM) will be going up by 3%-4%.

The long-term and short-term investments seem promising. The traders can go for both and book profits.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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