Stellar (XLM) Price May Hit $5 In May Despite the Bearish Crypto Market

Stellar Lumens has a competitive advantage over many other cryptocurrencies including Bitcoin. It has many use cases that give it an edge in the financial system. Stellar creates an open and decentralized financial environment and this is a good idea because users are craving for freedom from the shackles of centralized financial institutions.

Stellar is also attracting the attention of institutional investors like IBM who believe in the Stellar blockchain and the ultimate goal of the Stellar development foundation. The interest institutions have in Stellar is surprising because the Stellar development foundation team created the blockchain to attend to the needs of individuals, unlike Ripple that targets institutions. Right now, Stellar Lumens has what it takes to surge as high as $5. The only thing stopping it from surging is the negative sentiment in the market. If Bitcoin recovers and another bull run starts, the price of Stellar will surge.

Stellar Lumens (XLM) Price Prediction – Stellar Lumens News Today

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$7,519.59
2.22%
Stellar (XLM)
$0.055597
1.26%

Stellar Lumens price was as high as $0.12 in the middle of April. Since then, it has been stuck in a descending trendline. To be fair, Stellar Lumens price isn’t the only one that is falling against the USD. Almost every cryptocurrency on CoinMarketCap is losing significantly against the USD.

While April started off on a good note for Stellar and other cryptocurrencies, it may not be ending with the bulls in control of the market. This doesn’t mean that the Stellar Lumens price predictions we’ve been posting are invalid or that the Stellar Lumens price prediction for May is going to be bearish. There is still a strong chance of a bullish surge in the price of Stellar Lumens in May. In fact, some analysts have predicted that the price of Stellar Lumens will surge as high as $5 in May or before the end of the year. By the way, the Bitcoin price has been declining since it hit the $5600 level in a recent bull run. The decline is part of a market correction which is normal after a hike in price. Source: Smartereum

Stellar Price Prediction – Stellar Lumens News Today

Due to many of the positive achievements by the Stellar development foundation, the Stellar Lumens price prediction for the year was bullish. Stellar has the fundamentals to surge higher against the USD throughout the year. Unfortunately, things haven’t been going as predicted. While the price of Stellar Lumens was initially outperforming other altcoins in the market, the bears eventually caught up with Stellar Lumens and the price has been going down since then.

XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. According to the latest Stellar Lumens analysis on ambcrypto; the Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere.

The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure.

The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals.

What is Stellar Lumens XLM? Stellar Definition

The Stellar network is a distributed blockchain based ledger and database that facilitates cross-asset transfers of value, including payments. The native digital asset of Stellar is called Lumens (XLM). However, Stellar can also support other tokenized assets on its blockchain.

In other words, Stellar is the payment network (Horizon API and Stellar Core) and Lumens (XLM) is the cryptocurrency. Those are both overseen by a non-profit called Stellar.org.

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value.

Major companies thus far, to the extent that they embraced any cryptocurrency, have generally embraced Ripple and Stellar.  Source: Cryptocurrencyfacts

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