The high volatility of Stellar Lumens has made some digital asset investors wary of the coin. While some consider XLM as one of the best cryptocurrency to invest, others see it as a risky investment. Recently, some analysts predicted that the price of XLM will plunge deeper before it will record any major correction. It appears that the price of XLM is undergoing the predicted correction. The digital currency has been in a bearish zone since on the 8th of April.
Stellar Lumens (XLM) Price Prediction
Stellar (XLM) Price Today – XLM / USD
During the massive price surge earlier this month, the price of Stellar Lumens amassed enough bullish traction and surged significantly against the USD. Stellar was able to gains for a couple of days before the bulls weakened out. The crypto bulls ran out of steam and the value of the digital currency plunged drastically. The price of Stellar Lumens plunged, so did most of the digital currencies in the market. However, the market started correcting higher and most digital currencies recovered a significant fraction of the gains they amassed earlier this month.
The price of stellar XLM is currently hovering around the 10 cents level. Stellar Lumens price recently surged higher and traded over the 11 cents level. Last month, the value of XLM traded as low as $0.07. However, the massive spike earlier this month pushed the value of the digital currency higher. However, the price of XLM doesn’t seem like it will be declining below the 10 cents level in the short-term.
The immediate resistance of the coin is at 11 cents level. The digital currency needs to break over this level in order to resume its upward trend. Stellar Lumens price prediction 2019 is 50 to 60 cents. Many analysts believe the digital currency might hit that level before the end of this year.
Stellar Lumens News – XLM IBM Partnership
The price of Stellar Lumens is likely to break out soon because the network has a lot of potential for development and growth. According to recent research, the blockchain of Stellar Lumens is the go-to platform for institutional investors that are interested in international settlement services. Stellar Lumens has also secured a lot of strategic partnerships such as IBM. IBM also wants to use the blockchain of Stellar Lumens for a project with partner banks.
Stellar Lumens Price Analysis – Stellar Lumens Forecast
The same downward trend seen earlier seems to be happening. The digital currency market recovered earlier this week. Some digital currency even amassed gains of more than 15 percent in less than a day. The sharp recovery also pushed the price of Bitcoin (BTC) over the $5,600 level. The price of Stellar Lumens (XLM) surged along with Bitcoin price when it was going up. However, the massive price reversal in the market has significantly affected the price of Stellar Lumens. The price of Bitcoin is not really affected. The digital currency is still trading in the green, hovering around the $5,600 level. Source: Smartereum
Stellar Lumens News Today – Coinsquare Adds Stellar Lumens
According to the latest Stellar Lumens news on financemagnates; Canada’s Coinsquare has added a new coin to its cryptocurrency trading platform – XLM, the company announced this Thursday. Commonly referred to as Stellar Lumens, XLM is the first coin from the global payment system Stellar.
The addition of XLM on Canada’s leading crypto trading platform for Bitcoin, Ethereum and other major cryptocurrencies brings the total coins offered on Coinsquare to 10. Cole Diamond, CEO of Coinsquare, commented on the addition by saying:
“Coinsquare aims to offer convenient and safe access to the highest-quality cryptocurrencies through its platform.
“The launch of XLM showcases to the Canadian market that we are continuing to invest in our offering, while maintaining our commitment to being the safest, most trusted platform for digital currency trading in Canada.”
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