Stellar Lumens (XLM) represents one of the fastest cryptocurrencies in the market alongside Ripple’s XRP.
As such, Stellar was showing a significant progress in the market as well, also able to collect gains with XRP even in the middle of dips.
Stellar even got past EOS the same way that EOS pushed Litecoin (LTC) out of the fifth spot on the list, however, we can see XLM declining towards getting back to its old spot of the sixth largest currency.
Stellar (XLM) Price Today – XLM / USD
Although Stellar was showing signs of resistance during the past several weeks, we can now see it down by -20% in a single day on November 25th, which makes rebounding almost impossible at this point.
Many are hoping that the beginning of the next year will bring an appropriate hype that could settle the trends down to a more positive atmosphere in the crypto market.
Is XLM looking at a rebound by the end of 2018 and the beginning of 2019 or is it set to fall further from this point on?
XLM Price Prediction: Stellar Losing -20% in a Single Day, Can it Get Back Up?
Stellar was most certainly one of the rare few cryptos for the past couple of weeks that have managed to acquire at least some level of resistance in oppose to the negative market trends.
At one point due to the severe declines were seen in Bitcoin Cash, Stellar was even able to briefly get a taste of what it’s like to be ranked as the fourth largest crypto, pushing BCH down to the fifth spot.
However, BCH was able to get back up right away due to the fact that XLM wasn’t immune to the dips either.
Bitcoin Cash was even able to go up by 7% on November 24th despite the dominant negative market trends, while Stellar is now seen by -20% down against the fiat.
November dips are obviously still not over as the market is seen in a massive decline today as well, with XLM dropping at an accelerated rate.
Traded at its new low of 0.14$, XLM seems to have rather slim chances of getting back up to the price of 0.25$ as seen back at the beginning of the first week of November.
What to Expect from XLM Price in the Following Weeks?
Based on the current negative market trends, XLM seems to be having difficulties with getting back up with gains as it is dropping by over -20% against the fiat.
However, since November is bringing not only severe drops but also unstable trends, it is considered that the price of XLM may vary from 0.10$ to 0.32$ by the end of the month.
That is how XLM has the possibility of revisiting the price of 0.32$ as last seen back in May by the end of November.
Moreover, although it is expected to see XLM rising up in December, based on the current market trends it is expected to see more dips hitting Stellar, probably taking it to a new low of 0.12$.
On the other hand, XLM is showing over 200% of gains on its YTD charts, which might eventually push it over to collecting more gains.