The Stellar Lumens community recently congratulated Paysend on the launch of their stable coin which is available on the stellar platform. The concept of Paysend is exposed to Special Drawing Right, which is maintained by the International Monetary Fund (IMF). It will not be restricted to only central banks.
With such a launch, Stellar will be welcoming many other users on board soon.
Exposure to the IMF's Special Drawing Right (SDR) is no longer only available to central banks. Congrats to Paysend on the launch of their stablecoin using the #Stellar platform!https://t.co/Xvd5JENBxC
— Stellar (@StellarOrg) June 19, 2019
Price Analysis of Stellar on 20th June 2019:
At 8:24 UTC, the value of Stellar is trading at $0.1231 on 20th June.
The remaining essentials are:
|Return of Investment||4025.92%|
|Circulating Supply||19,408,944,303 XLM|
|Total Supply||105,082,570,523 XLM|
|Market Cap||2,382,924,624 USD|
|24 Hour Volume||260,920,898 USD|
XLM Price Comparison:
The current trend for Stellar seems to be unpleasant. The value right now is trading in the bearish zone. It is quite close to the lowest in the past 30 days, which was seen on 10th June at $0.1167. The value has increased by just 5.17% from then. On the other hand, the highest of the said time duration was on 30th May with the trading price of $0.1443. The current value has dropped by 15% since then.
Presently, the market is a major concern for all the traders and investors who have Stellar in their investment portfolio. We suppose that the only escape right now is to wait and gawk until Stellar starts trading into huge numbers and thereby fetching returns.
Stellar Price Prediction and Conclusion:
Investors and traders investing in Stellar might not be satisfied with the bearish nature right now. But for new traders, it might be a good time to buy Stellar to take advantage of buying at the lowest price for fetching future gains. The only question lies is that how long will this XLM trend embark its bearishness in the market.
For a quick price recovery and come back of XLM to be true to its position, $0.25 becomes a benchmark to be achieved as of now. If the same is achieved, it is predicted that XLM may trade between $0.3 to $0.5 by the end of 2019.