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Stellar Lumens (XLM) is working hard for expansion

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There are high expectations around XLM. Some experts believe that the price will go as high as $50. Can such a drastic rise be possible?

The Stellar Lumens blockchain project is among the most robust ones in the cryptosphere. Its team and leadership have been working very hard so that its ecosystem explodes as soon as possible. On top of that, there are signs that the project’s native cryptocurrency’s price (XLM or Lumen) could surge sometime soon.

Lisa Nestor, who serves as Head of Partnerships for the Stellar Foundation recently went on the record announcing that Stellar is working in many countries all over the planet to boost Stellar’s ecosystem, the case uses and strategic partnerships.

The most successful ventures have been in Africa and South America. This isn’t surprising. Cryptocurrencies are more useful in countries in which the traditional financial system is not very well developed.

For instance, in some regions in Africa, it’s rather unusual to own a bank account, but it’s common to have a mobile phone. Looking for growth in the world’s less developed countries is a good strategy for blockchain projects, and many others are also pursuing it. Cardano is a good example.

Is Lumen (XLM) about to rally in the cryptocurrency market?
You often read articles predicting that XLM is about to explode. While it’s done very well, we’ve seen nothing like an explosion happening. It’s never been able to perform as well as Ripple’s XRP, which is considered to be the most similar blockchain project to Stellar Lumens, and its most direct competitor. It figures because both projects were founded by the same person. In any case, XLM has not been able to compete with Ripple in terms of market performance. Yet.

As we write this, XLM trades at $0.104126, with green numbers for the past 24 hours. It’s ranked 12th by market capitalization so it has a long way to go before it can challenge XRP for the 3rd spot. The next relevant resistance level is estimated to be at $0.13. If the bulls manage to bring the coin’s price that high, there will be a pretty penny to make in the process.

There are high expectations around XLM. Some experts believe that the price will go as high as $50. Can such a drastic rise be possible?

Well, it will all depend on XLM’s use cases. If XLM manages to become really useful in Africa, South America and other places in the world, usefulness will beget demand and demand will generate market performance, just has it happened with Binance Coin.

Last but not least, let’s not forget that Stellar Lumens has IBM’s support. If the partnership with Big Blue does for Stellar what it did for Microsoft or Intel, then XLM will find a way to challenge even Bitcoin in the years to come.

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Stellar

Stellar Price Analysis: Stellar (XLM) Price Indicates Escalation; Price Hovers Around $0.068

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  • Stellar embarks bullish trend.
  • Traders should gear up for price rally.

Stellar (XLM) price was seen suffering in the price chart at the beginning of the month. The traders were surprised to see a sudden fall in the price of the coin. The downtrend in the coin continued for quite a long time.

The market started improving from the past couple of days. The same has given a boost to the coin. Today, there are many coins in the market that are falling. However, it seems like Stellar has finally paved its way to the top.

Current Statistics of Stellar:

  • The coin is currently dealing at $0.068911.
  • The ROI stands at 2215.79%.
  • The coin is at the 11th position in the crypto market.
  • The market cap is noted as $1,353,139,836.
  • The circulating supply is at 19,636,141,841 XLM.
  • The 24hr volume is marked as $106,936,497.

XLM to USD Price Comparison:

The chart is taken from Trading View on 24th August 2019, at 06:00:49 UTC for price analysis.

XLM Price Prediction
XLM Price Chart by TradingView

The coin opened with an escalation of 1.78% in yesterday’s chart. The price changed from $0.068 to $0.069. Later, the coin fell from $0.069 to $0.068 by 2.20%. Further, the coin again marked an escalation of 2.56% as the price changed from $0.067 to $0.069. The coin closed at $0.069 with an intraday profit of 2.19%. Today, the coin opened with a fall. The price slipped from $0.0698 to $0.0692. Later, the coin recovered the fall.

Stellar Price Prediction and Conclusion:

Stellar (XLM) has reflected a great potential in the past. We are anticipating a similar movement in the price of the coin would soon start. The traders can dig in as the coin holds a high prospect of an upsurge in the coming years.

The coin is likely to close the year around $0.1. In the coming years, the coin would be seen, making a 4% to 5% profit. We would recommend investing for a long term prospect. The coin is speculated to give the best result in the long term.

Source:cointelegraph

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Stellar Price Analysis: Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Chart

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  • Stellar (XLM) price drop indicates a slight recovery.
  • The traders can expect a better result from the intraday price movement.

Stellar (XLM) price was seen at an astounding level in the previous month chart. The current month has been quite a disappointment for the traders. The first week was all about the price drop. The second week reflected a slight improvement, but the third week was again disturbing.

The intraday chart started with a drop, but it is now moving up. Let’s have a closer look at the chart.

Stellar Current Statistics:

The chart is taken from Trading View on 22nd August 2019 at 05:29:29 UTC for price analysis.

XLM Price Prediction
XLM Price Chart by TradingView

Yesterday, the coin opened at $0.068. The coin escalated to $0.0689 and later fell to $0.066 by 3.45%. The drop continued, and price changed from $0.067 to $0.065 by 2.38%. The coin reflected a slight recovery by the closing of the day. The coin closed at $0.067 with an intraday loss of 2.42%. Today, the coin fell from $0.067 to $0.065 by 1.92%. The coin has improved on the chart and is currently dealing at $0.066.

ParticularsStellar (XLM)
Price$0.066669 USD
Rank11
ROI2098.10%
Market Cap$1,284,371,707 USD
Circulating Supply19,636,140,289 XLM
24hr Volume$108,654,589 USD

Stellar Price Prediction and Conclusion:

Stellar Lumens, the parent company of Stellar blockchain is trying all techniques to increase the popularity of the coin. The coin is speculated to climb in some time. But, the traders are recommended to hold their investment. The coin could end the year at $0.1. For now, the short term investment looks better for the coin. The investment could give a better result if the coin crosses $0.080 by the end of the month, but the prediction is astronomical.

Source.cryptonewsz.

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Stellar Price Analysis: Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon!

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Stellar has been organizing many webinars and seminars to grow and improve the credibility of XLM coin. Let’s hope for the same to happen soon.

XLM price is seen trading at $0.0722290 at 01:37 UTC on 20th August 2019. The value seems to move upwards. The other important factors of Stellar are as follows:

  • Return on Investment: 2313.20%
  • Total supply/Circulating Supply: 105,263,081,265 XLM/ 19,634,311,087 XLM
  • 24 Hour Volume: 57,994,581 USD
  • Market Cap Value: 1,409,925,159 USD
  • 7 Day high/low: 0.075302 USD / 0.066479 USD

XLM to USD Price Comparison:

Stellar Price Prediction
Stellar Price Chart by TradingView

Well, we can see some surging in the right direction for Stellar after a long time. In the last five days, initially, the XLM price was trading below the baseline. On 15th August at 06:50 UTC, the value was trading at $0.06599, which was increased by 7.65% on the same day at 23:00 UTC trading at $0.07104250. Stellar price from then dropped by 5.86% on 17th August at 20:50 UTC with the trading price of $0.06689324. The price of XLM coin as of now is increased from then by 7.99%.

Stellar Price Prediction:

Currently, Stellar coin trading with bearish nature with some peep ups from the last few days, which means it may draw in new traders to offer on ‘purchase’ and incorporate XLM in their portfolio. The resistance and support levels can be considered as:

Resistance Levels:

R3: 0.073888

R2: 0.072906

R1: 0.07235

Support Levels:

S1: 0.070812

S2: 0.06983

S3: 0.069274

Till the flood is acknowledged emphatically on the bulls’ pattern, it is best exhorted not to offer on ‘sell’! In the upcoming months, it appears that the Stellar price may cross its 30-Day high value of $0.091. However, the truth will surface eventually, if that will occur!

Source.cryptonewsz.

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