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Price Analysis

Stellar Price Analysis: Stellar (XLM) Price Downtrend Indicates Boring Day Ahead

Stellar has opened with a downtrend today, continuing in motion with the yesterday’s dip. The current drop could be due to market pressure. The coin had recently shown a remarkable movement in the price just when the entire market was falling, but the coin held high.

The coin is expected to bounce back from the current dip soon. The current drop would soon pass as the future prospects of the company looks promising. Let’s have a look at the price graph.

Current Statistics of Stellar:

The XLM price chart is taken from Trading View on 30th July 2019 at 05:05:46 UTC price analysis.

Stellar price chart - july 30
Stellar Chart By TradingView

Yesterday, the coin opened at $0.083. Later, the coin immediately dropped from $0.084 to $0.0830 by 2.26%. The coin registered some slight pick-ups and drops. Further, the coin jumped from $0.082 to $0.084. The escalation was marked by 2.18%. The coin started falling and closed with the same price mark as the opening price. The downfall was of 1.19%. Today, the coin registered a moderate drop. The coin is back to where it started.

  • The current trading price of the coin is at $0.0819500.
  • The ROI stands at 2692.17%.
  • The market cap is noted at $1,629,960,418.
  • The 24hr volume is marked as $88,131,744.
  • The circulating supply has 19,617,690,458 XLM.

Stellar Price Prediction and Conclusion:

Stellar Lumens is anticipated to enter business ventures which would take the price of the coin to attain newer heights. The investment in Stellar (XLM) won’t go futile. The traders can go along with their investment in the coin with an expectation of good returns. The coin would give huge dividends to long-term investors. The short term investment plan looks a little risky. By the end of 2019, the coin might trade around $0.2 by the end of the year.

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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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