Price Analysis

Stellar Price Analysis: Stellar Slows Down After 2-days of Surge Up to $0.089

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  • Stellar focuses on the ecosystem activities to boost mass adoption of XLM
  • XLM coin may gain strength to rise to $0.120 by the next few weeks

Stellar has been in the news since its inception for the strong technological backup, the innovative network model, and its partnerships with some of the IT giants. The firm is now focusing on ecosystem activities to gain mass adoption for XLM coin, and this will further progress the current market performance of Stellar.

XLM to USD Price Comparison:

Stellar started the year trading at $0.11 and has recorded a mix of ups and downs since then. In March, XLM price was found to be trading at $0.114956, and it surged up to $0.132698 in April before slumping downwards to hit $0.089195 in May. However, XLM price quickly recovered then and surged up to $0.145835 in May. Since then, it has been a downward ride for Stellar coin. It dropped as low as $0.103867 at the beginning of July and currently trading at $0.084041.

Stellar price chart - july 28
XLM Chart By TradingView

Current Statistics of Stellar:

  • XLM price is noted to be $0.084041 and 0.00000886 BTC
  • The Market Cap of the coin is $1,649,274,773
  • 24-hour volume is $108,814,677
  • ROI of the Stellar stands at 2,724.55%
  • The circulating supply has reached 19,616,918,713 XLM

Stellar has recorded a downtrend of over 25% in this year dropping from $0.112 to its current value. But, if the past few months pattern is taken into account, it is time for XLM coin to recover from the downward trend.

Stellar Price Prediction:

Stellar Lumens has been instrumental since its inception to bring new and powerful partners onboard. The recent blow to Stellar—IBM partnership has adversely affected the market reputation of the coin, but it may come out of it soon. XLM coin may rise to $0.140 by the end of next month and head towards crossing $0.2 mark by the next few months.

Conclusion:

This is a good time to plan long-term investments in the Stellar coin. The benefits in the long-run are assured and worthy of bulk investments.

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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