Price Analysis

Stellar Price Analysis: Stellar (XLM) price drops to trade as low as $0.082

  • Stellar trembles in the intraday movement.
  • Traders and investors can expect a recovery in some time from now.

Stellar (XLM) is seen slipping in the bearish zone. The last month has benefitted the coin at large. Although, the coin has slipped in the trading price by a noticeable price but has registered a growth in the position. During the beginning of July, the coin was trading at 11th position (as per the Coinmarketcap). The coin escalated to the 10th position by replacing the position of Tron in the crypto market. We are positive that the coin would soon recover and shine again.

Current Statistics of Stellar (XLM):

  • The price is dealing at $0.08218500.
  • The ROI (Return on Investment) is marked as 2674.48%.
  • The 24hr volume is noted as $88,966,480.
  • The market cap stands around $1,619,637,622.
  • The circulating supply is marked as 19,617,692,558 XLM.
  • The coin is trading at 10th position in the crypto market.

XLM to USD Price Comparison:

The chart is taken from Trading View on 03rd August 2019 at 01:16:48 UTC for price analysis.

Stellar Price Prediction
Stellar Price Chart by TradingView

Stellar (XLM) is reflecting a drop in the price. On 28th July the coin was trading at $0.084 with 1.47% upsurge rising from $0.0837 price mark. Next day, the coin dropped tremendously from $0.084 to $0.081 by 3.65%. The coin recovered on 31st July as the price jumped from $0.081 to $0.084 by 2.9%.

August opened with a slight drop where the coin slipped from $0.084 to $0.083 by 0.70%. With this, the coin kept dropping and is trading as $0.082.

Stellar Price Prediction and Conclusion:

The investors have shifted to having Stellar investments at large in their investment portfolios. The reason behind the same was the upsurge in coin during the market drop in the previous month. The coin reflected amazing price momentum, which will not be breached any soon. The traders can still look up to Stellar for an upsurge. We are quite apprehensive about the price momentum in the coin. We are anticipating that the coin would be seen dealing at $0.2 by the end of 2019. The investors could opt for long-term investment in the coin.

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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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