Stellar (XLM) Price Analysis: Cryptocurrency is Showing Signs of a Downturn (Stellar News Today)

stellar xlm

Stellar (XLM) price hasn’t fared well in recent years (which can be attributed to the influence of Bitcoin (BTC) in the market), and that is set to continue after the charts showed a downward pattern in recent price analysis. We can remember since the start of the year Bitcoin (BTC) has struggled which ultimately started to favor Stellar (with XLM value reaching a 15 billion USD high). Since that January high Stellar (XLM) has performed OK. However, it has failed to reach the highs of January.

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Stellar (XLM) Price Analysis Today

According to crypto writer, Priyanka Babu Stellar (XLM) is trading at 0.188 USD. It has lost 0.42 percent value with a 33 billion USD trading volume. Prices haven’t shown many fluctuations. They have remained stagnant in the 187 USD and 193 USD range.

Stellar (XLM) Price Today / USD

Name Price24H (%)
Bitcoin (BTC)
$9,265.00
1.07%
Stellar (XLM)
$0.123899
-0.83%

Stellar (XLM) Price Should Improve By Year End, Here’s Why

Stellar (XLM) was on a downward pattern but is doing better. The digital token may move past 2 USD and in two years soar above 10 billion USD market cap range with a likelihood of reaching 4 USD should there be no obstacles. XLM prices should be propelled by the upcoming USD anchor launch. The launch will allow XLM holders to efficiently carry out transactions with USD via the anchor unlike the crypto-coin swap mechanism used by other networks. The start of the USD anchor joined with the cheap transaction system offered by the platform, will help to facilitate the quicker exchange of multiple other assets.

Stellar (XLM) was created for digital asset transfers 12 months ago, and its performance has been on par with the standards. The tokens overall gain is more than 900 percent according to data reported by Smartereum. Stellar (XLM) is a volatile token and isn’t considered as one of the blue-chip virtual currencies. If you are looking to invest in a coin that will yield modest returns, then Stellar (XLM) will be ideal. Before anything wait for a dip. A 10 percent dip can earn a reasonable profit in 10 months.

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