Total market cap behaviour
After swift moves down, then up, market has entered a boring sideways action for almost a week.
It all begun as market started losing its ground and tumbling way below $200 billion market cap, it bounced back up to $210 and finally settled at the $200 billion level.
One note: below numbers for total market cap are from Tradingview and has a discrepancy of around $8 billion to CMC data.
The total market cap almost dropped to our predicted zone of $162 billion – it stooped all the way to $170B before bouncing back up (data by Tradingview). In the jolt up, market touched on the $205 billion zone and bounced off it to another low at $191 billion before getting comfortable at the current $198 billion.
Right now, it is heading to its resistance of $205 billion, a Fib382 zone that already proved to be sturdy level as the price tried to crack it on November 28th and 29th.
I would argue that total market cap chart is the most important one to pay attention to as it is a leading force and direction picker for all coins, bitcoin included.
As you can see below, Fear & Greed Index is back in the fear zone, nearing the extreme fear area. It is still very possible that we actually do drop another $30 billion of value before we can talk about an actual reversal.
Stellar Price Analysis – XLM/USD
Cryptocurrency markets tend to move in a lockstep, with all coins mirroring the action of the whole market, which is led by bitcoin.
It has been very quiet around XLM recently, since their relatively unsuccessful price jacking move where they burnt 50 billion tokens and moves the price less than 25%.
Stellar seems to be heading down to its support at $0.053 which is the first. In case we see a bigger bloodshed, XLM could drop to local bottom of $0.051.
Stellar in the news
Below is a summary of the most important news around Stellar in the last month:
- Coincheck announced that it hast listed Stellar Lumens (XLM) from November 12, 2019. The exchange was the first to list XLM in Japan.
- While answering questions on his AMA, Cardano CEO Charles Hoskinson addressed Stellar’s recent burn where the Stellar Development Foundation [SDF] burned about 55 billion XLM. Hoskinson elaborated on why he believes that Stellar made a mistake by doing so. He thinks that Stellar lost permanently all that value that could have been spent for protocol development for community development.
Below is the long term price prediction for Stellar Lumen.
2018 was a tough year for the crypto world. The market is slowly recovering and expectations for 2019 and 2020 are high. Today, the Stellar price prediction is under the microscope. Will Stellar Lumens be one of the 2019 winners?
Stellar (XLM) Facts and Background
In order to be able to deliver a well-founded Stellar price prediction, it is important to include various factors. These include
- How advanced is the project and what benefits does the end product or platform offer the customer?
- Number of users and transactions. Growth is closely linked to trading volume.
- Price development over the past year and the current trend.
- Were there any new features, updates or partnerships?
Stellar is an open source and decentralized blockchain platform with the native currency Stellar Lumens (XLM). It is essentially a global payment platform supported by Stellar Lumens as a digital asset. The great advantage of this platform is that the user can make fast, secure and extremely cost-effective payments between a very large number of currency pairs. In this respect Stellar is convincing, it offers a real benefit to the customer.
Stellar was able to win many new customers despite the generally unfavourable market development of 2018. As the descriptive infographics of Stellar Expert show, the number of registered accounts in January 2018 was about 244,000. Within almost 2 years, i.e. at the turn of the year 2019/2020, there were slightly more than 4 million accounts. The number of customers has thus increased more than 15-fold, and the trend is still rising. In general, everything at Stellar seems to focus on expansion and growth. The company currently has a lot of new jobs to offer. Most of the vacancies are in the engineering sector.
Stellar is growing strongly
The years 2018 and 2019 were full of events for Stellar. At the beginning of the year, XLM started at about US$0.39 and reached a peak of US$0.89 just a few days later. This peak, however, was short-lived and the price slowly fell again by March. On March 8, 2018 Stellar announced a new partnership with Keybase. This led to a brief upswing in April. The next months were calmer for Stellar. In July, the company hit the headlines again. Stellar XLM became the first blockchain product in the world to be recognized by Sharia law. During the year Stellar announced several more partnerships. The most important cooperation was probably with IBM’s Blockchain World Wire. IBM has many strong partners and an extensive network from which Stellar can also benefit.
The partnerships have helped the XLM to assert itself against strong competitors such as Ripples XRP and to continuously evolve. But Stellar has several other advantages. For example, Stellar’s Smart Contracts are better and safer. Here the company has learned from Ethereum’s mistakes. The Stellar Smart Contract is much more robust, more efficient and virtually immune to tampering.
Stellar forecast 2019: What the experts say
The above points provide an overall positive sentiment for the Stellar forecast for 2019. Various platforms and algorithms say the following:
- Monetize.info: The platform bases its forecast especially on the influence of partnerships. As is well known, they are expanding the customer base, which will increase the transaction volume. As a result, this leads to more growth and an increase in share prices. On this basis, Monetize predicts a price increase to 2 to 3 US$.
- Investing Haven: The increase is expected to be even stronger. Analysts forecast a rise to US$ 4 by the end of 2019.
- The Oofy: According to their calculations, Stellar Lumen will not exceed US$0.3 by the end of 2019. They believe that the crypto currency will end the year with US$0.28.
Stellar price prediction 2020 to 2025
Long-term forecasts are always difficult. Especially in a market as volatile as this one. Although Stellar has held up well so far and is still in the top 10 crypto currencies by market capitalization, the price fluctuates strongly again and again. Some cautious estimates are based on the following developments:
- Atomic Wallet: Here, too, one believes in the influence of partnerships on price performance. Stellar has important partnerships with SatoshiPay, HashCash, Mobius and many banks. According to Atomic Wallet, Stellar Lumens could therefore rise slightly to US$0.60 by 2020.
- Economic Forecast Agency: The Stellar forecast is strongly based on mathematical and statistical calculations based on historical price trends. They come to a similar conclusion and predict a price increase of up to US$ 0.64 in 2020.
- TheOofy: The analysts on the website base their predictions on Stellar’s growth rate in the past. As a result, Stellar should experience a positive price development. By November 2025, the price could then be US$1.20.
In general, the Stellar forecast looks very positive. Because the platform meets all requirements to be successful. They survived last year’s bear market comparatively well and suffered fewer losses.
It remains to be seen how well they will ultimately assert themselves in the coming years and how the currently emerging bull market will affect Stellar. To the current Stellar (XLM) price.
Stellar Lumen (XLM) Price Eyeing Surge To $0.08 and $0.09
- Stellar lumen price is trading nicely in an uptrend above $0.0700 against the US Dollar.
- XLM price traded as high as $0.0738 and it is currently correcting lower.
- There is a key bullish trend line forming with support near $0.0704 on the 4-hours chart (data feed via Kraken).
- The pair remains in an uptrend and it could continue to rise above the $0.0750 level.
Stellar lumen price is showing positive signs above $0.0700 against the US Dollar, similar to bitcoin. XLM is likely to surpass $0.0750 for a run towards $0.0800 and $0.0900.
Stellar Lumen Price Analysis (XLM to USD)
After a successful close above the $0.0600 level, stellar lumen price started a strong increase against the US Dollar. The XLM/USD pair broke a couple of important resistances near $0.0650 and $0.0658 to move into a positive zone.
Later, there was a close above the $0.0700 level and the 55 simple moving average (4-hours). Finally, the price climbed above the $0.0720 resistance and traded to a new yearly high at $0.0738.
It is currently correcting lower below the $0.0720 support level. It broke the 23.6% Fibonacci retracement level of the upward move from the $0.0676 low to $0.0738 high.
However, there are key supports near the $0.0700 and $0.0705 levels. More importantly, there is a key bullish trend line forming with support near $0.0704 on the 4-hours chart. The 50% Fibonacci retracement level of the upward move from the $0.0676 low to $0.0738 high is also near $0.0707.
If there is a downside break below the trend line support, stellar price could correct lower towards the $0.0688 and $0.0685 support levels.
The 55 simple moving average (4-hours) is also near the $0.0680 level to provide support. Any further losses may perhaps lead the price towards the main $0.0650 support area in the near term.
On the upside, an initial hurdle is near the $0.0730 and $0.0735 levels. A successful close above the $0.0735 resistance could open the doors for more gains in the near term. The next major target for the bulls may perhaps be near the $0.0800 level.
Stellar Lumen Price
The chart indicates that XLM price is trading nicely in an uptrend above the $0.0700 support level. In the short term, there could be a tiny downside correction, but dips remain well supported on the downside near $0.0700 and $0.0650.
4 hours MACD – The MACD for XLM/USD is currently losing momentum in the bullish zone.
4 hours RSI – The RSI for XLM/USD is declining towards the 50 level.
Key Support Levels – $0.0700 and $0.0680.
Key Resistance Levels – $0.0720, $0.0735 and $0.0800.
Stellar Lumens (XLM) Price Prediction and Analysis in February 2020
We will be looking into several market opinions and Stellar Lumens historical prices in order to project an XLM price prediction for February 2020.
The Stellar blockchain was launched in 2015, and it was created to support fast transactions and free exchanges between fiat and digital assets. As it was initially a fork from Ripple, it was also built with a focus on fast and low-cost cross-border transactions.
XLM is the native coin of the platform, which is currently ranked as 12th according to a market capitalization of $1,206,011,934 with $390,466,477 worth of XLM being traded in the past 24-hour period. There are 20,058,702,203 XLM coins in circulation out of a total supply of 50,001,803,906 XLM. The current price of Stellar is $0.060124, with an increase of 2,88% recorded in the last 24 hour period.
Stellar Lumens (XLM) Price Prediction: Analysis
XLM started January at $0,045118. The coin fluctuated between $0.043 and $0.046 levels until January 6th, when Stellar tested the resistance level of $0,049292. The following days XLM tested $0.050 levels while trading at around $0.048 and $0.049. XLM fell back to $0.046 and slowly began climbing back to $0.05, peaking on January 14th at $0,053480.
From then on, XLM continued to surpass new resistance level after another, reaching on January 18th at $0.064 and closing at $0.061. The coin managed to keep trading between $0.062 and $0.061 until January 23, when it fell below $0.06 support levels and started declining again.
January 26th, XLM coin opened on a bullish note, increasing from $0,056111 to $0,059546.
The next major resistance set at the $0.0620 level, and if the coin manages to break it, it could go towards the next level set at $0.0650.
Initial support has been calculated at the $0.0575 level. The main support is set at the $0.0550 level, and if XLM goes below this, another bear session could be triggered.
Charts are showing that XLM is nearing the vital support level set at $0.062. Should the coin close above $0.0600 level, this could further another bearish moment. If this fails to happen, the coin could go back towards the $0.0550 support.
The calculated pivot, resistance, and support levels by WalletInvestor are:
- Resistance Level (R3): 0.0651
- Resistance Level (R2): 0.0623
- Resistance Level (R1): 0.0598
- Pivot Point: 0.0569
- Support Level (S1): 0.0544
- Support Level (S2): 0.0516
- Support Level (S3): 0.0491
There have been no new announcements from the Stellar team regarding its partnerships and developments. The project still has a dedicated team that is working towards improving the platform, that is a good sign for investors. Their Github repositories, which are a total of 61, seem to be updated on an hourly basis, suggesting that the team is constantly working on Stellar.
Stellar Lumens Price Prediction: Market Opinion for February 2020
In the crypto space, there have been a number of websites that have made their own XLM price prediction for February 2020, and to better illustrate the market sentiment for Stellar, we have incorporated a few of them in our article.
TradingBeasts estimated that XLM would be trading at around $0.0693304 at the start of February 2020. They expect the maximum value for the coin to be $0.0840046, while the minimum price is expected to be $0.0571232. The site forecasted that XLM would close the month at $0.0672037, which means an increase of 13.42 % from today’s prices.
Digitalcoinprice predicted that in February, XLM would be trading at $0.12431749, with a change of 108.45 %.
Previsionibitcoin projected that Stellar would be changing hands in February at around $0.075878.
Longforecast has calculated that XLM would be trading at $0.056 when February starts. The highest value they anticipate is $0.081, while the lowest value has been estimated at around $0.050. The average price for the month was calculated at $0.060. They expect the coin to close the month at $0.054, change for February -3.6%.
Gov.capital’s XLM price prediction for February 1st is that the coin will be trading at an average price of $0.01086, with the least possible price being $0.009231, and the best possible price $0.012489.
Walletinvestor predicted that Stellar Lumens would start February with an estimated price of $0.0618, with a possible minimum value of $0.0580, and a maximum value of $0.0654.
|Date||Price||Min Price||Max Price|
Coinpredictor estimated that XLM would start February with a loss of 0.2%, which would place the coin at a value of $0.045569, and by the end of the month, it would see an increase of 18.7%, which means a value of $0.054198.
30rates issued their own XLM price prediction for each day of the month of February (without the weekends), with the average, minimum, and maximum values for every day.
- 02/03 $0.050 $0.058 $0.054
- 02/04 $0.050 $0.058 $0.054
- 02/05 $0.053 $0.061 $0.057
- 02/06 $0.051 $0.059 $0.055
- 02/07 $0.050 $0.058 $0.054
- 02/10 $0.059 $0.067 $0.063
- 02/11 $0.058 $0.066 $0.062
- 02/12 $0.058 $0.066 $0.062
- 02/13 $0.064 $0.074 $0.069
- 02/14 $0.064 $0.074 $0.069
- 02/17 $0.064 $0.074 $0.069
- 02/18 $0.064 $0.074 $0.069
- 02/19 $0.066 $0.076 $0.071
- 02/20 $0.065 $0.075 $0.070
- 02/21 $0.063 $0.073 $0.068
- 02/24 $0.061 $0.071 $0.066
- 02/25 $0.068 $0.078 $0.073
- 02/26 $0.068 $0.078 $0.073
- 02/27 $0.068 $0.078 $0.073
Bitverzo predicted that XLM would close February at $0.031198, with a minimum value of $-0.074458, and a maximum expected value of $0.130188.
Stellar Lumens Price Prediction: Verdict
With this, we conclude our XLM price prediction for February 2020. We hope that the information we have featured in this article will be useful to you in creating your own trading predictions.
Stellar Lumens Seeks To Fix Kinks In Armor With Latest Updates
The company’s latest Stellar Developer Digest touched on the major updates over the last week, combined with a discussion on the next Stellar testnet rest.
Stellar Lumens has been active since the start of the new year and that has reflected in the developments also. The cryptocurrency company has promised its user base that the network updates scheduled for the forthcoming weeks will make the chain much more efficient.
The company’s latest Stellar Developer Digest touched on the major updates over the last week, combined with a discussion on the next Stellar testnet rest.
The next Stellar testnet reset is scheduled to occur on January 29, a date set by the dev team to iron out any kinks present. The general recovery process from a testnet reset was articulated by the Stellar team frontend engineering department. The testnet is reset every 3 months and setting up a quarterly reminder to manually create the accounts is not the most efficient method.
The Stellar Lumens team has created a code script to check whether a known account exists and if it does not, it submits a handful of transactions. The latest application to be featured in the Stellar blog was Testnet.ai, an XLM testnet token manager. According to the Stellar Lumens blog:
“The testnet reset is in two days. A reset clears all testnet accounts, balances, assets, and offers. To make it easier for projects to recover, Testnet.ai created a tool that allows you to issue and delete custom assets, create and customize market-making strategies, recreate assets and markets after a reset, and more.”
Testnet.ai claims to reduce the friction of building and testing Stellar assets on the XLM blockchain. The team behind the application have also stated that they want to lower the barrier for entry for building localized testing environments.
Stellar Lumens also talked about its Horizon ingestion engine which was launched to much fanfare last week. The team behind the launch spruced up any hangups int eh development phase with the release of Horizon 1.0.0 Alpha.
According to the team, the 1.0.0 version will set important new endpoints, which were not possible with the earlier code architecture. The latest Horzion update is also touted to improve service availability for production deployments.
One of the biggest complaints raised by Stellar customers was that processes such as pathfinding were slow. The new Horizon engine solves that problem by making all the endpoints faster. Toe ensure that no information is lost within the blockchain, the data inconsistency due to lag between endpoints has also been eliminated.
Despite the multitude of changes in the chain, XLM supporters want to see real movement in terms of price. As the market begins to stabilize, XLM supporters can only wait to see a price action that will rocket the crypto on the charts.