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Price Analysis

Stellar (XLM) Price Analysis: Does Stellar Have A Bright Future?

Introduced in 2014, Stellar is an open-sourced decentralized blockchain platform that enables cross border transactions more easily and reliably. It connects banks, payment channels and people. Its currency is called Lumens (XLM). Stellar makes exchanging faster and cheap. The unique feature of Stellar is that Stellar is not-for-profit. Users buying into Stellar support the nonprofit Stellar.org, which uses the technology to aid support for poverty.

Current Statistics:

Stellar Price Chart

As on May 6, 2019, at 09:39:01UTC, the market price of XLM is 0.969920 USD. Price is down by 0.96% from the last closing price. Currently, XLM market cap is around 1.87 USD, 24 h volume is at 0.20 USD, and ROI is a highly 3183.62%. It is currently ranked ninth in the crypto-currencies market. The 52 Week High/Low is 0.414859 USD and 0.073615 USD. As on April 06, 2019 at 10:34:0 UTC, the price was 0.125011 USD. The price has increased to the extent of 675.87% over the past month. The price of Stellar has shown an uptrend in the past week or so, leaving behind the downturn of 2018.

Analyst’s 2019 Prediction for Stellar:

The Stellar team calls it the “Future of Banking”. Its growing adoption to the real-world challenges is an indication. Its partnership with IBM last year was one of the hottest topics in the crypto market at the time. Many banks were showing an interest in the platform and signed up to explore the possibilities in cross-border remittance. Stellar Foundation is one of the wealthiest organizations in the crypto-world; this could accelerate the development of Stellar platform. Since Stellar has a humanitarian aspect of poverty connected to it, the coin has a social message to convey. These factors will help the price of XLM to move upwards.

Experts predict that till now it was the underdog in the crypto world but now its galloping and trying to overtake Ripple as the official banking currency. Its tendency to take real-world challenges have worked in its favor. The coin is one of the top gainers of the year. Stellar’s major partnerships and lower transaction costs will be the reason for its price to surge in the near future. Experts predict its price to reach around 0.60 USD by 2019 year-end. XLM like most coins is dependent on Bitcoin’s price movements. Though the short-term trend is bearish and nothing much can be expected from the coin during 2019. The coin’s future looks bright from the long-term front.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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