The network of Stellar is a pragmatic blockchain project that is aimed to bridge the gap between the fiat and the digital currencies. It is aimed to revolutionize the banking and the financial sectors like Ripple, and the way it is developing itself is really proving its worth. Its blockchain is basically focused on integrating distributed ledger technology into prevailing financial infrastructure. It represents a way of future banking and is intended to stir up the international financial markets positively.
In the last few weeks, the price Stellar Lumens has performed amazingly from the technical perspective and adoption rates as well as development. Stellar no doubt has an enthusiastic community that is home to devoted and qualified developers. Back in March 2019, it was announced that by IBM that 6 global banks have entered partnerships with them in a bid to adopt IBM World Wire technology for their setups.
IBM-World-Wire by Stellar’s Blockchain
It is essential to point out that IBM-World-Wire is a network that relies on Stellar’s Blockchain and is developed by IBM. This partnership can give banks the opportunity to instantly mobilize funds and explore other financial services in Stellar’s Blockchain. A second advantage that the 6 banks will enjoy is having Stellar Lumens as their bridge crypto for facilitating the exchange of Stellar tokens.
Stellar is not just increasing its partnerships, it is amplifying the number of users on its pool to a great extent in only a short period of time. This can benefit the price of Stellar Lumens and the future status of the coin.
Stellar Lumens Price Prediction
Stellar (XLM) Price Today – XLM / USD
The price of Stellar Lumens has steadily and slowly attained stability going forward. For today’s Stellar Lumens price forecast, it is clear that Stellar has gained more adoption in recent days. The most significant of these announcements for our Stellar Lumens USD live price is the revelation that global banks are now adopting IBM World Wire technology for their respective setups.
According to data given by CoinMarketCap, the price of Stellar Lumens is trading at $0.101825. At the beginning of April, the price of Stellar Lumens was $0.109745. Within a one month or 30 day period, it dropped by – 7.35%. Do not forget that prices have recently started to drive higher. Although we can’t remove the reports of fluctuations. The increased adoption should push the price of Stellar Lumens higher in the long-term.
All the efficacies offered by Stellar indicate that the price of Stellar Lumens has a bright future. Experts expect the price of Stellar Lumens to reach $0.60 by year-end. Hence, long-term investors should consider XLM as a good option.
Stellar Lumens (XLM) Price Analysis – Will Stellar Lumens to The Bottom Before Skyrocket?
The price of Stellar lumens has been on an uptrend since Apr 26. It is trading inside an ascending triangle. There is bullish divergence developing in the RSI and the MACD. According to the latest Stellar analysis on beincrypto; there is resistance near $0.11 and €0.092.
On May 1, the price reached a high of $0.107. It reached the same level on May 2. Similarly, the RSI and the MACD made the first high on May 1. However, they have continued to generate lower values since. This is known as bearish divergence and often precedes price decreases.
These indicators suggest that the price will decrease towards the support line of the triangle. However, because of the creation of a bullish pattern and prior price movement, we believe that this is a short-term decrease before an eventual decisive upward move.
Based on this analysis, the price of Stellar lumens is likely to break out from the triangle and reach the resistance area outlined above. However, a drop towards support is expected prior to the breakout.
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