Stellar Price Analysis: XLM Comes Crashing Again to Hit $0.081 with No Recovery Signs

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The month is approaching end yet there are no signs of progress, surge or any kind of positive upward movement from Stellar. The coin has moved within the range of $0.101 and $0.075 throughout the month and mostly traded around $0.081. The current market statistics have nothing new to say, and the same may continue till tomorrow.

XLM to USD Price Comparison:

Stellar price chart July 24
Stellar Price Chart by TradingView

In the last 30 days, XLM coin has moved only downwards. The coin was noted to be trading at around $0.12821 on June 24 and fell as low as $0.101613 on July 1. Stellar further declined to hit $0.08567 on July 15 and now noted to be trading at $0.081960 as on July 24, 2019, at 04:09:40 UTC. This shows a downtrend of over 36% in the past one month.

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Current Statistics of Stellar:

  • Stellar price is noted to be $0.08196 and 0.00000849 BTC
  • The Market Cap of the XLM coin has reached $1,612,939,330
  • The 24-hour volume stands at $142,190,830
  • The ROI of the Stellar has reached 2,662.57%
  • Circulating supply is noted to be 19,616,917,313 XLM

Stellar may not be able to recover from this falling trend and may reach as low as $0.080 today. The coin’s lowest recorded value yesterday was $0.083314, and it has already moved down this value. XLM may show some recovery signs only after this tomorrow.

Stellar Price Prediction:

Stellar Lumens has not been able to stay at a higher position since past few weeks, and the coin kept tumbling down in this month to reach as low as $0.075. This indicates that Stellar may close the day trading around $0.095 or below and that too only if it gets some pace back by the end of this week. The firm is trying all possible methods like a mobile wallet to increase the usage of XLM coin, but the impact of these is still awaited.

Conclusion:

This can be regarded as a good time to invest in Stellar in bulk as the coin can become profitable in the future.

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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