Stellar Lumens XLM Will Surge After Bottoms Out- Stellar Lumens News Today

The poor performance of Stellar Lumens and XRP have sparked up conversions on Twitter. This is because, at the beginning of the year, the Stellar Lumens price prediction 2019 was bullish. In fact, the future of Stellar was so bright that people became interested in the Stellar Lumens price prediction 2025. Everyone wanted to know what the future holds for Stellar Lumens XLM. Stellar got additional exposure after the stellar Coinbase collaboration for an airdrop. IBM also announced that it would be using the Stellar blockchain for its World Wire project. While these things influenced the price of Stellar short-term, they didn’t seem to affect the Stellar Lumens price prediction mid-term (well, at least not as far as we’ve seen).

There is also another theory that suggests that the price of XLM is falling because it is looking for a bottom. As soon as it bottoms out, a surge will follow. Then again, we initially said that the Coinbase Stellar airdrop and other airdrops by the Stellar development foundation will have a negative impact on the price of XLM because of an increase in circulation. This is another possible reason for the poor performance of the token.

Stellar Lumens Price Prediction

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$7,343.52
-2.27%
Stellar (XLM)
$0.054463
-2.20%

At the time of writing, the Stellar Lumens current price was $0.094451. This means that it is down by 2.81% against the USD and down by 2.63% against the price of BTC. The trading volume over a 24 hour period is $210,911,984 and the market capitalization is $1,809,945,463.

Ripple XRP Price Prediction

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.223902
-2.27%

Meanwhile, XRP, it’s rival cryptocurrency is also suffering the same fate. XRP has been performing poorly for months now. At the time of writing, the price of XRP was $0.300278. It is down by 0.62% against the USD and down by 0.53% against the price of BTC. The trading volume over a 24 hour period is $935,736,557 and the market capitalization is $12,651,686,001. If the price of XRP keeps falling, it will lose the support at $0.30 again.

When the price of XRP started falling against the USD, some analysts suggested that this drop in price was a direct result of the increased competition from JPM Coin and other similar services. If this is true, then there is a high chance that the same thing is affecting the price of XLM. You see XLM and XRP are both referred to as bank coins because they have similar use cases. So, increased pressure that affects the price of XRP can also affect the price of XLM. Source: Smartereum

Stellar Lumens Price Analysis

As the price of Bitcoin surged against the USD hitting the $6000 mark for the first time since November last year, most altcoins recorded gains as well. While Bitcoin’s dominance in the market grew,  The worst performing altcoin wast Stellar Lumens XLM. In our previous Stellar Lumens news, we talked about how the price of Stellar was bleeding out against the USD and Bitcoin. Stellar Lumens XLM is still dipping in red against the USD.

According to the latest Stellar Lumens XLM price analysis on cryptonewsz; wevest Digital AG, a Berlin-based fintech company, has announced to use Steller network to avail digital investment banking services for small and medium-sized enterprises. It will issue a Security Token service based on the Steller (XLM) technology. Another piece of good news is that payment platform Wirex is all set to launch as much as 26 stable coins on the Stellar blockchain network. In addition to that, it stated that the stable coins would have a support base against global currencies like the U.S. dollar, euro, pound, and others. Not to forget that Steller (XLM) is available on well-known currency exchanges like Coinsquare and CoinDeal, from where one can avail the digital banking services and can also withdraw it directly to one’s crypto wallet.

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Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.