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Price Analysis

Stellar Price Analysis: The Validators Voted For Protocol 11 Upgrade!

Finally, it happened! The validators voted on the favor of Protocol 11 upgrade. Jed McCaleb, Co-founder of Stellar Lumens recently tweeted confirming the news and also advised the users to upgrade on the same before they run a node or use an SDK. Stellar is moving swiftly to a new era where they are attracting more and more users to the protocol 11 will keep the networking private and safe.

Let’s see if the news has affected the xlm price analysis today.

Stellar Price Analysis on 11th June 2019:

The value of Stellar is trading at $0.12182 at 5:51 UTC on 11th June 2019. It seems that it might take time for the people to get used to upgraded Protocol 11. As of now, the market is in a slight dip since yesterday. The remaining essentials are as follows:

Return on Investment4003.09%
Market Ranking10
Circulating Supply19,332,416,641 XLM
Total Supply105,062,532,892 XLM
Market Cap2,360,394,767 USD
24 Hour Volume320,893,138 USD

XLM Price Comparison:

XLM Price Chart - 11 June

Considering the 5 days data, the price right now is inking below the baseline. The highest value was realized on 7th June trading at $0.1302 and lowest on realized on 9th June with XLM price trading at $0.1167. The Stellar price has dropped by 6% of the highest and increased by 4% from the lowest. Traders are just hoping that it does not hit rock bottom again.

Stellar Price Chart - 11 June

Stellar has been performing well on the shorter-term trading, but traders following the trend from one year now, know that Stellar still needs to buckle to the upward direction. 11th June 2018, the value was trading at $0.2491, and now dropped by 51%. Let’s hope for the best!

Stellar Price Prediction & Conclusion:

Stellar is hoped to buckle to the bullish swamp, and thus it will be safer for the traders to play in resistance and support levels. It is difficult to say that it will reach $1 by the end of the year. But it might reach to $0.5. However, we hope that with an increase in supplies, the XLM price might increase soon!

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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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