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Price Analysis

Stellar Price Analysis: Stellar’s (XLM) Performance Ends May On a High Note

  • Stellar is propelling higher after months of the sideways trend
  • Stellar releases plans for the XLM’s future in the monthly roundup, future looks bright

Stellar has been the backbone of many mainstream blockchain based projects, and the latest announcement of being the underlying network on IBM’s World Wire just adds the cherry on the cake. The currency has been performing better since past one month and showed an exponential surge in mid-May. Stellar’s monthly round-up summarized how it has flourished in the past few months with new partnerships including the launch of Stellar based Blok tokens by BlockPark among others and the market has reactively positively to this.

Price Statistics:

As on May 29, 2019, at 05:29:59 UTC, the price of Stellar coin is recorded as shown below.

Stellar Price Chart

ParticularsStatistics
Price  (USD)0.133
Price (BTC)0.00001566
Market Capitalization2,574,943,942
24h volume496,787,366
Circulating Supply19,299,667,266 XLM
Return on Investment4,401.37%

The value of the XLM coin has shown an upward trend in the last three months, starting from $0.087 to reach up to $0.134. The price of the coin peaked as high as $0.160 in the month of May and has shown an upward trend of over 33% in consideration to the current trading price since the start of the month when the price of XLM was trading at $0.100. With a Market Cap of over $2 billion, Stellar has been placed at the 9th position in the global ranking. The Return on Investment is over 4,401.37%, which is justified as per the growing demand of XLM coin.

Price Prediction:

Stellar’s XLM is gaining momentum and has crossed the value of $0.11 with which it started the year 2019. Stellar recorded an all-time high of $0.9 in January 2018, and the coin XLM has immense potential to cross this mark in the next few years. As per the current market trend, the value of XLM is likely to reach up to $0.5 by the end of 2019. In the next two years, XLM can cross the $5 milestone.

Conclusion:

Stellar is here for a long term, and XLM mining is getting accessible with each passing day. It is a good long term investment with huge returns in the next 5 years.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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