The development foundation of Stellar is taking serious things in their own hands after a temporary shut down last week. And thus, they organized a small formal session in their foundation in NYC. The questions were asked to the Co-founder and chief Architect regarding their set of the plan for weekly blockchain estimate. They discussed about the major hiccups like network inflation and IBM’s world wire feedback as the set up was networked on Stellar platform. McCaleb also discussed his strategies and clear role as his role of Chief Architect in the networking.
We all are hoping that the presence of McCaleb will help the breakout of the bull market soon. All our screens are stuck to see the kick off changes.
Price Analysis of XLM as on 28th May 2019
The price value of Stellar is stated at 0.1352 USD at 07:01 UTC on 28th May. The market ranking of XLM is still impressively positioned at number 9 with the return of investment approximately of 4477%. The market cap is declared at 2,628,999,091 USD, which is helping the investors to station their capital with Stellar for some time. The 24-hour volume of XLM is 508,439,414 USD.
The year started with some green inking position, but the trend was deceiving to red base, and soon enough, the lowest hit was positioned at $ 0.07498 on 6th February. The coin has raised its bar with 80% increase in the value since then. If the trend continues, investors will switch their interest to Stellar very soon.
However, the coin is not really at the highest point as of now, which was realized on 16th May at $ 0.1617, but still is reflecting at above the baseline, which is a good sign. Comparing the monthly statistics, 28th April declared the value at $ 0.1037, which is approximately 30% deceivable from today’s value at 7:10 UTC.
The question here is whether the Stellar is ready for the bull market as it is assumed to hit the same. We have noticed more than 9% escalations in the price in the last couple of days. And the funny pattern is that it price tends to rise on the weekend and slowly catch the pace of stability on weekdays.
It seems that Stellar will notice some sudden surges in the chart which will invite mid-term and short-term investors to enter a few numbers. And if the trend continues to develop similar ups and downs, stellar might close the price as high as $1.1 by the end of the year. But the real question here is how investors will divide their capital for maximum profits.
As per the chat, it seems that $ 0.1617 is the resistance level that investors must take care of it. This month bought a lot of excitement for investors in Stellar market, but what will sudden surge bring will be answered only when we see sudden escalations to happen in the chart.