Even though Stellar has had its share of gains despite the market dips that took over the market imposing new lows on top cryptocurrencies, the dip came for its share on November 19th.
Despite the amazingly progressive that Stellar was able to show alongside XRP for the past week when all other cryptos were sliding down to the red, Stellar is seen in a decline itself.
Aiming to break the resistance of 0.30$ from the price of 0.25$, XLM plummeted to 0.23$ instead of having a breakthrough. However, the entire market is plummeting so Stellar is not isolated in this case scenario.
Although the bearish trends are definitely dominant in 2018, many are wondering if Stellar is able to double its price in the next 5 weeks or so as the year is coming to an end.
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Stellar Price Prediction: Can Stellar Touch 0.40$ by the End of 2018?
Stellar might be progressing on the YTD level with over 500% of gains during the course of the last year, however, the recent drops and dips are taking the crypto down in the red on daily, weekly and monthly basis.
XLM is still holding onto the 14% of gains collected during the last two months which matches the rises that brought Stellar up to the spot of the 5th largest cryptocurrency as well, which might be pulling off expected highs rather than lows in case of XLM.
However, the price is definitely going down below the expected value, not only for XLM but for other top cryptos as well.
Stellar (XLM) Price Today – XLM / USD
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Ethereum for instance, touched a new low of 163$ and Bitcoin also followed the trend of lows now trading below 5,500$.
The market is turning into a bloodbath, cutting prices and slicing gains beyond all expectations of many investors.
Based on the previous performance of Stellar, although able to acquire some gains against the fiat in the midst of the dipping market, it is considered that XLM won’t be able to double its price by the end of 2018.
Stellar Losing with Another Dip: What to Expect from XLM Price?
Stellar is down by over -6% in a single day and even XRP is dipping by nearly -6% in the last 24 hours.
These top currencies, despite the previous positive momentum, are giving up to the bearish trends.
Based on the current pace of growth, it is expected to see XLM taking advantage of slight gains by going up to 0.28$ by the end of December 2018.
In case a New Year’s hype strikes again, holders are expecting to see XLM at the price range from 0.30$ to 0.40$ per one unit.
Those investors who are a bit more enthusiastic believe that XLM could get closer to its all-time high of around 0.90$ with marking the price of 0.50$ by the end of the year.
One of the factors that could definitely affect the price of XLM in a positive way is finally making the Coinbase listing official.
Previously, Coinbase announced their interest in listing Stellar Lumens (XLM) together with Cardano (ADA), Basic Attention Token (BAT), ZCash (ZEC), and 0x (ZRX).
ZRX and BAT were already listed several weeks back, scoring major gains hours after the listings were confirmed.
