Price Analysis

Stellar Price Analysis: Stellar (XLM) To Embark Price Rally After Recovering From The Heavy Drop

Stellar (XLM) has shown a remarkable potential last month. The market was slipping tremendously, but Stellar (XLM) kept itself tight. There were times when we have observed that the coin was moving against the market trend.

The extreme potential helped the coin to win the trust of the traders. The market cap skyrocketed and took Stellar (XLM) to the 10th position in the crypto market (as per the coinmarketcap). The ongoing upsurge would continue on the chart for some time. Let’s understand the momentum more princely by examining the intraday chart.

Stellar Lumens Current Statistics:

  • The price of the coin is at $0.083258.
  • The ROI is marked as 2697.93%.
  • The circulating supply is around 19,617,691,958 XLM.
  • The market cap is noted as $1,633,325,798.
  • The coin has marked $92,161,276 as the 24hr volume.
  • The coin is at the 10th position in the crypto chart.

Stellar Lumens Price Comparison:

The chart is taken from Trading View on 02nd Aug 2019 at 10:06:54 UTC for price analysis.

Stellar price chart August 02
Stellar Price Chart by TradingView

The month opened at $0.083. The first half of the day was very disappointing as the coin was slipping down. The price counters changed from $0.083 to $0.081 by 2.13%. The coin further picked up from $0.081 to $0.083 by 1.36%. The coin closed at $0.082. The intraday price of Stellar (XLM) registered a loss of 1.19%. Today, the coin started walking up. The escalation marked was of 0.62%. The price counters changed from $0.082 to $0.083.

Stellar Price Prediction and Conclusion:

Stellar (XLM) is a trustworthy coin. The result in giving a ratio of Stellar (XLM) is better than most of the coin in the crypto market. We are quite positive that investment in Stellar won’t go in vain. The traders can dig in with a long term investment plan also with a prospect of booking high dividend.

The assumption says that Stellat might be seen at $0.120 by the end of 2019. In the coming years, the escalation could around 4%-5% in the price.

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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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