Price Analysis

Stellar Price Analysis: Stellar (XLM) Price Keeps Moving Downwards; No Indication of Improvement

The crypto market is currently dealing with the bears. If we talk about the rest of the day, we do not have much hope from the market. Stellar had no luck since the beginning of the month. XLM coin is continuously falling, and today also the coin maintained the fall. The traders were expecting a downtrend in the coin but also had hope for an upsurge. The momentum of the XLM coin is disappointing for many traders. Currently, Stellar is dealing at 11th rank in the list of top cryptocurrencies.

Let’s have a look at the Stellar price chart to understand the momentum and future trend of the coin.

XLM to USD Price Comparison:

The chart is taken from TradingView on 09th August 2019, at 09:15:12 UTC.

Stellar Price Prediction
Stellar Price Chart by TradingView

If we look at the above Stellar price chart, we would clearly observe a downtrend from last three days. On 7th, The coin opened with a fall of 1.68%. XLM price counters slipped from $0.07856 to $0.07723. There was a recovery in the coin too. Stellar price changed places from $0.07723 to $0.07816 by 1.19%. The intraday loss in the coin was 0.47%. Yesterday, there was a similar pattern of movement in the coin. The coin opened at $0.07816 and slipped to $0.07654 by 2.07%. The coin picked up and touched $0.07734 from $0.07654 by 1.09%. The intraday loss was of 1.02%. Today, the coin slipped from $0.07734 to $0.07561 by 2.25%.

Current statistics of Stellar:

ParticularsStellar (XLM)
Price0.07556 USD
Rank11
ROI2,429.63%
Market Cap1,477,583,881 USD
24hr Volume82,102,316 USD
Circulating supply19,629,394,408 XLM

Stellar Price Prediction and Conclusion:

Stellar Lumens is making continuous efforts to bring the uptrend in the coin. The currency has always remained unaffected by the market trend. Apparently, the XLM coin wasn’t seen improvement in the past few days where most of the coins were booking uptrend. The traders who were loyal to the Stellar are losing their trust. Many investors have even decided to move out. Well, the coin is undoubtedly suffering, but the future ventures of the company are promising. There are also some upcoming upgrades in the Stellar which could lead to a better future. We would recommend the traders to stay put and wait for some time more.

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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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