Price Analysis

Stellar Lumens Price Analysis: Stellar(XLM) Surging Prices Seem To Be Caught Up By A Little Dip Today

Stellar is attracting new developers by conducting a Workshop on how to create a token on Stellar network in NYC. Tomer Weller, Stellar Development Foundation’s Solution Architect, will be part of this Meet. This workshop will be conducted on 20th June in Brooklyn.

This meetup is a good start for new developers to learn about building things on Stellar network. It might attract attendees towards Stellar increasing the users eventually.

Price Analysis of Stellar Lumens on 14th June 2019:

At 6:13 UTC, the value of Stellar is trading at $0.124 on 14th June 2019. There is a little dip in the valuation, but it seems that it will reflect soon. The remaining essentials are as follows:

Return of Investment4072.94%
Market Ranking10
Circulating Supply19,426,417,641 XLM
Total Supply105,062,532,892 XLM
Market Cap2,412,252,388 USD
24 Hour Volume422,930,430 USD

Stellar(XLM) Price Comparison:

Stellar Price Chart - 14 June

Considering the data from the past 5 days, it was seen that the lowest of the value was trading on 9th June at $0.1167. The value has increased by 6.25%. The highest, on the other hand, was seen yesterday where the value was trading at $0.1281. The value has dropped by 3.2%. However, such a dip is not going to create a major concern for the traders as the value is still fluctuating under the effective support zone.

Stellar Lumens Price Prediction and Conclusion:

Since the price is dropped down a little, the bullish nature is dropping slightly as well. The value of XLM might trade at $0.5 by the end of 2019. Traders might want to consider the resistance level and support level between $0.128 and $0.120 as of now.

If the value drops further down, Stellar might enter the bearish zone which might not be delightful for the traders in the portfolio right now. But, till then, let’s hope that Stellar takes the lead to the upward direction again.

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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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