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Price Analysis

Stellar Price Analysis: Will Stellar (XLM) Prove The Market Prediction Right In 2019?

  • Stellar focuses on better performance on June onwards to make it up to the investors
  • Stellar-IBM duo aims to take on the blockchain mainstream market in 2019

Stellar has always been in the news and sought attention from key market enthusiasts looking for bigger long term investments in the cryptocurrencies. There are many forces which have played an important role for this to happen. Stellar’s crypto Lumens (XLM) has the potential to gain mass adoption in 2019 and become one of the highest traded currencies.

Additionally, Stellar’s collaboration with IBM is paving the way to connect with some of the leading global banks and become their official blockchain currency. The overall market sentiment is positive and progressive.

XLM Price Statistics:

As on June 1, 2019, at 07:29:08 UTC, XLM coin is trading as shown in the below graph. In the last five days, the coin value has moved between the range of $0.14 and $0.12.

Stellar price chart - june 1

  • The price of the Stellar coin is trading at $0.13 and 0.00001545 BTC
  • The market cap of the coin is now $2,548,749,798
  • The 24 h volume has reached over $442,476,768
  • The ROI stands at 4,339.32%
  • The circulating supply has reached over 19,327,248,144 XLM

In the last 24 hours, the price of the XLM coin dropped as low as $0.12 and then again jumped back to $0.13. A similar trend was maintained in the past five days as well, where the highest was recorded at $0.14.  There has been an uptrend of over 30% in the coin value since May when the price was observed at $0.10, but till date, XLM coin had not shown any outstanding trend even when the market was headed towards a bull run.

Stellar Lumens Prediction:

Stellar has a strong backing of many enterprises, and the coin is increasingly gaining mainstream adoption from various merchants. This keeps the traders hooked to Stellar, and the price of the coin can reach up to $1 by the end of 2019, crossing its all-time high value. Two years down the line, we can expect the XLM coin to be priced between $10 and $50.

Conclusion:

The investment in XLM in bulk is a good deal, and the currency holders should currently hold on to as the long-term gains are assured.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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