In the Stellar Lumens news today, we would be talking about the bullish trend for the price of Stellar short-term following the Coinbase Stellar airdrop and other developments on the Stellar network. Since Coinbase announced that it would be giving out $100 million in a Stellar airdrop, the Stellar Lumens news has been positive.
Not just that, a while ago, IBM announced that it would be using the Stellar blockchain to power its latest deals with banks. This Stellar news created shockwaves throughout the industry as many people expected that IBM would have used Ripple’s payment settlement layer instead of Stellar’s.
Stellar Lumens News Today – Stellar Airdrop – Coinbase Airdrop – The Price Of Stellar
Between the first week of February and now, the total market capitalization of Stellar per CoinMarketcap.com is up by more than 29.7%. This rise is impressive and it means Stellar is primed for greater things. At the time of writing, Stellar was trading at $0.107445. This means that it is down by 1.39% against the USD and up by 0.71% against BTC. This price slip is part of a downward correction that is necessary for the price of a cryptocurrency to spike higher against the USD. The price of Bitcoin and many other cryptocurrencies are also correcting lower after reaching higher against the USD. The trading volume of XLM within a 24 hour period is $290,222,529 and the market capitalization is $2,067,050,078.
After the news of Coinbase Stellar airdrop, we talked about how the many airdrops being sponsored by the Stellar Development Foundation can affect the price of Stellar long-term. While having a lot of XLM tokens in circulation long-term may not be the best thing for XLM, massive airdrops like this certainly give XLM a bullish push short-term. Following the announcement by Coinbase, the price of XLM started trending higher against the USD. At the time, the market sentiment was also bullish so it contributed to the rise in price.
Stellar (XLM) Lumens News Today: Will Stellar (XLM) Price Go Up?
Predicting token price is thankless task – it is not much different than gambling. However, people still gladly make their predictions and even more bigger pool of people search and read them. So here are couple of independent sources and their musings about XLM price in this year.
#1 Long Forecast
Long Forecast gave an entirely conservative prediction, where they forecasted that by the end of 2019, XLM might reach $0.30, which make sit look like it won’t grow much as compared to the current price. Maybe, the end of 2019 prediction is missing if this can be considered the prediction for the 1st half of 2019.
#2 Wallet Investor
Wallet Investor updates prices and predictions every three minutes using the latest technical analysis. They have very conservatively made a 5-Year forecast of $1.005.
Putting the Stellar Lumens news today into consideration, Stellar (XLM) may sell as high as $0.18 against the USD in the next few months. Long-term, it may go as high as $1. For now, we can only wait and see.
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