Price Analysis

Stellar Price Analysis: Stellar (XLM) Price Plunge Takes A Deep Dig; Price Drools Around $0.078

  • Stellar (XLM) price drops and trades at $0.078.
  • The coin is likely to remain the same for the rest of the day.

Stellar (XLM) is currently trading with a bearish trend. The coin was expected to escalate in the ongoing month along with the rest of the coins, but the reality seems contradictory. However, there is still some hope for the coin to climb in some time.

Talking about yesterday, the coin touched a high at $0.082682 and a low at USD 0.077291 with a volume of $97,389,157.

Current Statistics of Stellar (XLM):

  • Stellar is currently trading at $0.0784.
  • The ROI is noted as 2535.81%.
  • The coin is ranked at 11th position in the crypto market.
  • The market capitalization is marked as $1,538,745,905.
  • The 24hr volume is noted as $87,504,046.
  • The circulating supply has 19,618,463,975 XLM.

XLM to USD Price Comparison:

The chart is taken from Trading View as on 07th August 2019 at 01:14:50 UTC.

Stellar Price Prediction
Stellar Price Chart

The three-day chart is reflecting a downfall in the price. The coin opened with a trading price of $0.082 on 5th August and escalated to $0.084 from the opening price marking a progression of 1.40%. On the same day, Stellar dropped from $0.082 to $0.081 by 2.85%. The intraday loss was of 1.47% as the coin closed at $0.081. Yesterday, the coin in the opening hours was stable. Later, it slipped from $0.081 to $0.077 by 5.45%. The intraday regression was of 3.79%. The closing price was marked at $0.078. Today, the coin opened at $0.078. The coin is expected to continue the drop for the rest of the day.

Stellar Price Prediction and Conclusion:

The parent company of Stellar (XLM) is about to enter some flourishing business ventures. The company is planning for some upgrades to increase the popularity of the coin. Well, all these upcoming events point out towards a better future. The investment in the coin would not go futile.

The coin is expected to touch $0.2 by the end of 2019. The traders who are planning for long-term investment can dig in Stellar to earn huge dividends.

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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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