The Stellar network is a decentralized protocol that was created to reinvent the traditional payment system just like Ripple. However, unlike Ripple, Stellar aims at reaching unbanked individuals and not institutions. The network has strong potential just like the XLM token. Recently, IBM announced that it would be using the Stellar blockchain to help its partner banks. Stellar has also entered into other partnerships that are geared toward the promotion of the Stellar network and the XLM token. It’s only a matter of time until these efforts materialize.
If you’re looking for an affordable token that has long-term profitability, you should consider adding Stellar Lumens (XLM) to your portfolio. At the Stellar XLM current price, you’ll be able to buy several tokens with a little capital. Buy, hodl, and cash out when the prices increase.
Stellar Lumens XLM Current Price – Stellar Lumens News Today
According to the last news on Smartereum; the price of Stellar is falling lower because the entire market is correcting after the bull run. So, when the bulls gather enough momentum, the price of Stellar is expected to spike against the USD.
The Stellar network and the Stellar Lumens token have both been progressing steadily over the years. Last month, the market capitalization of Stellar Lumens was about 1,714,200,482. This month, the Stellar Lumens market capitalization is $2,445,057,548. This reflects a 20.06% rise in the market capitalization of the token. The Stellar Lumens trading volume is also up by about 21.4% while the price of the token is up by 21.39%.
The price of Stellar is most likely going to increase in the future. So, it’s a good idea for a short and long trades. One well-known cryptocurrency analyst predicted that the price of Stellar will still increase significantly this year. By the year 2020, the Stellar price is going to hit $45 according to a cryptocurrency analyst on beincrypto.com. The Stellar price forecast by that analyst placed the price of Stellar between $35 and $45 by the end of next year.
The Stellar Lumens current price on CoinMarketCap is red against the USD just like Bitcoin and many other cryptocurrencies. However during the recent Bitcoin bull run, Stellar outperformed many cryptocurrencies in the market. The interest investors have in Stellar Lumens (XLM) increased significantly as they saw a perfect opportunity to get returns of their investments. Stellar Lumens (XLM) is still a good investment for them.
Stellar Lumens (XLM) Price Analysis:
This past week, stellar lumen price formed a solid support above $0.1000 and climbed higher against the US Dollar. The XLM/USD pair broke the key $0.1120 and $0.1150 resistance levels to start a strong upward move. It rallied by more than 15% and traded above the $0.1200 and $0.1250 resistance levels. There was even a close above the $0.1250 level and the 55 simple moving average (4-hours). The price tested the $0.1350 resistance and later corrected lower. It tested the $0.1150 support area (the previous resistance) and bounced back. A successful daily close above $0.1350 is likely to set the tone for more gains towards the $0.1450 and $0.1500 levels. Source: .livebitcoinnews
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