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Price Analysis

Stellar Price Analysis: Stellar Seems To Continue To Flow In The Right Direction!

Stellar Lumens is working on their visibility a lot! After hosting the Reddit AMA on June 5th, they are bringing the speakers in the front row. 24th- 26th June is the Crypto Valley Conference in Switzerland where Lisa Nestor, Stellar Development Foundation, will be one of the speakers.

Her vision is to focus on the Stellar Lumens and how Stellar makes the money easily accessible to the users and can be exchanged instantly as well. One can consider this as a promotional stand as it will help the users to trust XLM platform better.

Stellar Price Analysis on 7th June 2019:

Stellar Price Chart - 7 June

While writing the analysis, the price of XLM price is trading at $0.1264 at 07:25 hours UTC on 7th June. The Return on Investment is calculated at 4122% ranking the coin at number 10 today. The market cap value is 2,428,930,355 USD. Against the total supply of 105,042,499,082 XLM, the circulating supply is 19,331,689,741 XLM. The 24-hour volume is valued at 438,214,185 USD.

XLM Price Comparison:

XLM/USD YTD Price Chart

Stellar Price Chart - 7 June

If you are a trader analyzing the market since the beginning of the year, you will notice that the lowest of the value was seem on 7th Feb. The value has increased to 68% since then. The highest of the value, on the other hand, was noticed on 19th May. The value has dropped to 11%. However, the dip is not too risky and thus it is good to stay in the market as of now.

XLM/USD 1 Month Price Chart – TradingView

Stellar Price Chart - 7 June

In one month span, the lowest of the value was analyzed on 10th May with the value at $0.0877. The value has increased to 44% since then. Highest remaining same as of YTD!

XLM Price Prediction & conclusion:

Trading under resistance and support between $0.126 and $0.118 respectively, is inviting lesser risk in the trading game. However, the market is bullish and is advised to keep going in the game. However, if you are trading since the beginning of the year and wish to exit, then selling the coin might be a better preference.

The market seems to surge in the upward direction as it is attracted by the users because of its privacy centralized network. Hoping for a magic to happen soon!

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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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