Price Analysis

Stellar Price Analysis: Stellar (XLM) Running On The Slight Bullish Edge!

Stellar recently hosted an event called “Evening of Stellar and Math” which was held at the National Museum of Mathematics. Jed McCaleb, Founder and Chief Architect of Stellar, answered many questions related to Protocol 11, World-Wire, Inflation, cross border payment, which is the ultimate mission of SDF and more. This session was helpful for all the users and followers of Stellar to gain better confidence in the network.

Till the time they come up with some great partnership announcement, the least they are doing is acquiring more visibility and confidence in people. It might have helped them in increasing number is Stellar supplies in the market.

Price Analysis of Stellar on 17th May 2019:

Stellar Price Chart - 17 June

At 6:56 UTC, the XLM price is trading at $0.1287 on 17th June 2019. The Return on Investment of XLM coin is calculated to be 4242.97% ranking the coin at number 1. The Market Cap of XLM is 2,508,187,703 USD. Out of the total supply of 105,062,532,892 XLM, the circulating supply of XLM in the market is 19,408,202,474 XLM. The 24-hour volume of XLM is USD 320,188,443.

XLM to USD Price Comparison:

From the past 5 days, the XLM price was surging upwards. The highest touchdown was realized yesterday with value trading at $0.1337. The value, however, is dropped by -3.7% (which is not really a huge dip in the value). The lowest, on the other hand, was realized on 14th June with value trading at $0.1207. The value has increased by 6.5%.

Stellar Price Prediction and Conclusion:

Considering the value fluctuation since the start of 2019, Stellar has definitely committed good figures to the traders. On short term investment goal as well, the fluctuation was seen to provide some positive surges for the users if they analyzed the market properly.

By the end of 2019, the value of XLM might touch down to the highest of $0.5. However, for safer bidding, it is still advised to bid under the resistance and support levels between $0.128 and $0.121, respectively. Right now, Stellar is not showing too much of Bullish features, yet is on the edge of that nature.

Till then, let’s capture for some big fat news on Stellar!

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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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