Today, the digital asset market saw several downtrends from top coins to major altcoins. Many assets have been in the red all day. The state of the Stellar token hasn’t been impressive. It appears the bears have been in play for the coin in the last 24 hours. Will this price action continue? Or will we see changes in the future? Stellar has made moves to ensure that its native token gains the recognition it deserves. But this has had very little impact on the performance of the coin in recent days.
Stellar (XLM) Price Today – XLM / USD
Stellar price has reportedly been moving slowly since the start of July, despite the fact that the network is taking every step possible within its reach to increase the XLM popularity and drive mass adoption of the coin.
Recently, the StellarX listed 1:1 fiat backed XLM coins offered by token.io. This may help in the adoption of open banking features to Stellar. The market performance of the XLM token will perform better in the coming weeks. Will this action lead to more stable prices in the future? Analysts believe it will in the long term. What about the short-term prediction of XLM price?
Stellar Price Prediction: Stellar Price Comparison in the Last 30 Days
As of July 11, the price of the XLM token was seen changing hands at $0.0888 against the USD. In the month of June, the XLM token has recorded a downward action of no less than 26%. Meaning the price of XLM dipped from the $0.12100 position to its current area.
XLM price has surged from the $0.12100 point to reach as high as the $0.133874 area. This covers almost the entire month of June. However, the prices started dropping steeply. At a point, it hit $0.1039 which was in the final week of June. Since then onwards to the current date, the coin hasn’t been able to stage a recovery.
How Has Stellar Price Performed in the Last 24 Hours?
According to data from Coin market cap, the price of XLM is trading at $0.0888 (and 0.00000778 BTC). The coin reportedly had a total market capitalization of $1,719,191,899 with a 24-hour volume of about $402,823,093. Stellar also had a Return on Investment of 2,881.41% according to coin market cap. The coin also had a circulating supply of 19,425,871,142 XLM as of when this content was published.
Stellar price reportedly saw a high point yesterday July 10 when it traded at $0.1024. However, it closed the day trading lower at $0.095057. The price of XLM has also further declined from the lowest point of yesterday. Which was reportedly noted at the $0.093 price level. Now there’s a chance that it might rise again before the end of today.
Stellar Price Prediction 2019: What To Expect From XLM Price?
Considering the fact that the falling prices of the Stellar coin might be momentary, it is normal to assume that the price of XLM will be revived to trade over the $0.10 price position for a longer period. By the end of the month of July, XLM may succeed in achieving this target, and by the end of the year, it may shoot up to trade between the range of $0.2 and $0.25.
From the chart indicating trading for the XLM/USD pair, it is safe to say the price of Stellar may be heading towards the right path. The coin is set to rise in the future. Now is a good time for investors to initiate a long-term plan for their investments in the Stellar token.
Stellar (XLM) and Ripple (XRP) Head for Significant Losses in 2019
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.
Stellar (XLM) Slows Down Recovery; Gains 1.93% Overnight
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.
Resistance and Support Levels
R1- $0.081496, R2- $0.083183, R3- $0.085733
S1- $0.077259, S2- $0.074709, S3- $0.073022
Stellar Poised For 50% Surge Against Bitcoin Following Supply Burn Spike
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.