Price Analysis

Stellar (XLM) Takes a Deep Dig; High Possibility of Downfall

Stellar is again slipping with tremendous pace, and the counters are disappointing the traders. A few days ago, XLM coin was seen marking an escalation of about 15%. The movement in price touches extreme counters. The traders are recommended to keep calm as there is possibility of upsurge in XLM price in the coming time.

The yesterday’s price counters of Stellar were seen dealing at 0.081468 USD high and 0.070925 USD low. The volume recorded yesterday was 354,516,894 USD.

Stellar Price Analysis and Forecast

Looking at the price movement of XLM coin from yesterday, we can observe a heavy fall. Yesterday, Stellar price fell to $0.07520 from $0.08126 by 7.42%. There was a slight recovery in the XLM price, which took to $0.07761 by 3.20%. The intraday fall in the price of Stellar was of 10.61%. The day closed at $0.07269. Today, the coin price fell in the later hours to $0.07178 by 1.20%.

Stellar price
Stellar Chart By TradingView

If we look at the statistics of XLM coin, the market cap is found somewhere around $1,451,765,405. The 24-hour volume stands at $316,573,708. The circulating supply has 20,084,644,843 XLM coins. There is strong speculation that the currency would recover soon. Stellar Lumens is looking for various options to increase the popularity of the coin. If the efforts turn favorably, then the result would astound the crypto traders.

By the end of 2019, Stellar price is speculated to close at $0.090. As per the current momentum of XLM, the best investment plan is of short period. The same would give them a colossal profit. However, the traders are recommended to diverge the investment to cut short the risk.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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