Price Analysis

Stellar Price Analysis: Stellar makes Technology Upgrades to Increase Network Activity

  • Stellar resorts to technology upgrades in the wake of falling prices
  • Stellar may register increased activity on the network in the coming days

Stellar has recently announced version updates through which there is added flexibility in handling transactions. This may lead to increased activity on the network enticing more users to be part of this platform. The strategic step may also boost the current market performance of the token and take it to the next level.

XLM to USD Price Comparison:

There has been a significant change in the price movement of Stellar coin since last one month. The coin was trading at around $0.1208684 around mid-June and has now fallen to $0.0872486 as on July 12, 2019, at 05:09:12 UTC recording almost 27% drop in the last 30 days. The pattern has also changed from XLM coin rising in June from $0.1208684 to as high as $0.1329637 but then falling drastically to $0.10437 in the last week of the month and now continuously trading below this value.

Stellar price chart - july 12

  • XLM price is noted to be $0.087 and 0.00000773 BTC
  • Market Cap of the coin is now $1,699,440,823
  • The 24-hour volume of the coin is $451,061,225
  • The circulating supply of the XLM coin is 19,425,874,542 XLM
  • The ROI now stands at 2,839.84%

XLM surged as high as $0.095118 yesterday but closed the day trading at $0.087008, and it has been crawling on this level since the beginning of the day.

Stellar Price Prediction:

Stellar Lumens may continue to move within $0.095 range over the weekend also but may surge higher in the coming week. The coin seems to take a little longer in crossing $0.132 mark again and surge above it, and it may happen by the end of this month. By the end of next quarter, XLM coin may surge up to $0.2.

Conclusion:

As the prices are relatively lower, this is the right time to invest in Stellar for future benefits.

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Ruti Vora

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