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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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Crypto

Stellar (XLM) and Ripple (XRP) Head for Significant Losses in 2019

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The assets are the only coins with double-digit losses in 2019, despite the relief rallies for multiple altcoins.

Stellar (XLM) and Ripple’s XRP are looking more and more like the exceptions on the crypto market. The coins are the only two big losers among top 10 coins and tokens. Both tokens lost close to a third of their value by November.

Stellar and Ripple have a thing in common, even beyond using the brain work of Jed McCaleb. Both assets aim to disrupt legacy systems, while trying to differentiate themselves from the purely crypto community.

The projects try to sell their system for distributed ledger accounting directly to banks and companies. So far, however, the expected adoption has lagged. Additionally, both assets may face selling pressures, as previous enthusiastic owners may shed the coins.

XRP slid to $0.27 after the Swell conference failed to come up with new encouraging trends for the coin’s adoption. XLM also came out weaker out of its Meridian conference, sliding to $0.78.

For XLM, the recent coin burn failed to bring the expected price rally, only causing the price to recover by a cent. For now, the XLM coin burn has not been reflected in the circulating supply, allowing the asset to line up among top 10 coins. XLM still holds up a market cap above $1 billion, though the new total supply is yet to be recalculated and reflected.

Adoption for both types of assets has relied on relatively strong communities. The chief worries about the two coins are the selling pressures, as previous enthusiasts abandon their holdings. At this point, the future of the coins is uncertain, and a rally has failed to bring the coins to a higher range.

Both Stellar and Ripple may continue with giveaways and popularization efforts. But for now, the real-world usage of the assets has been relatively small. There is also no organic demand for buying coins, as giveaways supply enough new assets to banks or other organizations.

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Stellar

Stellar (XLM) Slows Down Recovery; Gains 1.93% Overnight

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After last day’s enormous growth, Stellar seems to have cooled down its recovery process. Over the last 24 hours, it has gained almost 2% with three major price variations.

Stellar Price Prediction:

XLM coin’s first swing happened in the initial 10 hours and 4 minutes, and this swing of 3.97% cost it 0.003135 USD and pushed the value to 0.075865 USD. It was followed by a hike of 6.91%, and this hike added 0.005246 USD to the value, and it reached 0.081116 USD.

The last swing happened between 20:57 UTC and 22:55 UTC, and in these 2 hours, Stellar faced a bottleneck of 3.16% that pushed it to 0.078553 USD.

Over the last seven days, the price trend of Stellar has been full of fluctuations. The lowest point of yesterday was at 0.076 USD, and the highest being 0.080 USD. The Market Cap of XLM coin has also shown a trend of fluctuations in these days.

As per the current slowdown of recovery, Stellar Lumens may face next support around 0.0772 USD. However, due to price fluctuations, if the currency trade upwards, it may reach around $0.081.

XLM Price Chart
XLM Chart by TradingView

Resistance and Support Levels

R1- $0.081496, R2- $0.083183, R3- $0.085733

S1- $0.077259, S2- $0.074709, S3- $0.073022

Source.cryptonewsz.

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Stellar Poised For 50% Surge Against Bitcoin Following Supply Burn Spike

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The altcoin known as Stellar (XLM) has been among the top ten list of crypto assets by market cap for some time, but has been among the least hyped of the bunch since the bear market first began in 2018.

That all may change, soon, as the crypto asset may be poised for as much as a 50% gain against Bitcoin in the coming days, according to one prominent crypto analyst.

Stellar Launchpad Ready For Over 50% Pump Against Bitcoin

Stellar (XLM) has struggled throughout the bear market to maintain any positive momentum and is one of the few crypto assets that hasn’t yet broken out of downtrend resistance dating back as far as its previous all-time high.

At the peak of the crypto hype bubble, Stellar had reached prices of nearly $1 per token, but is currently down over 90% and is trading at just under 8 cents per token.

Things appeared bleaker for Stellar, and was trading at under 5 cents per token in September, but the Stellar Foundation recently burned half of the token supply, causing a massive pump. The Stellar Foundation burned 55 million XLM tokens, resulting in a 25% surge in asset prices.

But the pump may not completely be over, and Stellar instead may be gearing up for another leg up, and one that could result in as much as a 50% gain against Bitcoin in the coming days.

According to prominent crypto analyst DonAlt, Stellar is showing signs that XLM/BTC trading pair is ready for an extremely strong move up, now that resistance has been breached, and could be targeting 1400 sats.

XLM Supply Burn Wasn’t Enough To Restore Bullish Momentum

XLM is currently trading at around 900 sats, and a move to 1400 sats would be a 55% increase from current prices. However, the increase is based on performance against Bitcoin on the XLM/BTC trading pair, and not the US dollar.

On XLM/USD charts, the crypto asset has yet to break out from downtrend resistance and could continue to be locked in a downtrend against the dollar, all while it outperforms Bitcoin. Such a move would suggest Bitcoin could suffer a dangerous drop, causing a divergence in performance next to Stellar.

Stellar is currently the 10th largest cryptocurrency by market cap, right behind Bitcoin for Bitcoin Satoshi Vision, and just ahead of Justin Sun’s Tron cryptocurrency.

Stellar remains down as much as 90% from its former all-time high price, and for the crypto asset to return to such prices, would require a 1,150% gain. XLM is just one of many altcoins that has underperformed Bitcoin by a large margin in 2019.

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