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Price Analysis

Stellar Price Analysis: Stellar Plans Upgradation In June Leading To An Anticipated Price Surge

  • Investors look upon XLM’s performance and anticipate bullish trends in June
  • Stellar promises upgradation in the platform and many new alliances in the next few months

Stellar has shown significant growth in the past few years. The firm has inked partnerships with brands, including giants like IBM & Deloitte. The underlying technology of Stellar network is used by many mainstream companies to develop their own stable coins, and hence the market outlook of Stellar is promising and shouts growth and nothing else.

Stellar Price Statistics:

Stellar Price Chart

Stellar is noted to be trading at $0.12 as on May 31, 2019 at 10:05:25 UTC. There has been an upward trend of over 20% in XLM price in the last 30 days however the Stellar coin has shown a bumpy trend since the beginning of 2019.

  • Stellar is placed at the 10th position in the global ranking with a market cap of over $2,467,100,082 at the time of writing
  • The price of the coin is noted at $0.12 & 0.00001542 BTC at the same UTC
  • The 24 h volume is now $561,867,797
  • The ROI of the coin stands at 4,245.62%
  • The circulating supply has reached 19,300,247,344 XLM

In the last 7 days, the price of Stellar coin reached as high as $0.14 and dropped to $0.12. Around mid-May, the price of the coin reached $0.14 from previously trading at $0.09 and just after reaching this high, XLM value again started dropping. The same kind of pattern has been maintained throughout the year when the price showed sudden jumps, followed by abrupt falls. The coin has not crossed the $0.14 value yet.

Stellar Price Prediction:

The Stellar coin price can rise in the second half of the year exponentially. The recently announced monthly round-up seems to be promising for the upcoming quarters. The XLM price can cross its all-time high of $0.9 this year and can be closing the year around $1. In the next 2 years, it can grow as high as $10.

Conclusion:

Stellar is a highly secure and reliable cryptocurrency with huge dividends in the long term. Investment in bulk is a good option for long term gains, but it may not be as beneficial in the short term.

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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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