Will Stellar (XLM) Price Rise To $5 In May Despite the Current Downtrend In The Market?

Our Stellar Lumens news for the past few days have been about different Stellar Lumens price predictions. 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.

Stellar Price Prediction – XLM/USD – Stellar Lumens News Today – Stellar Future Forecast

On the 18th of April, Stellar Lumens price was as high as $0.12. 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. At the time of writing, the price of Stellar was $0.099600. It was below the support at $0.01 down by 5.12% against the USD and down by 1.62% against the price of BTC. The trading volume over a 24 hour period is $281,502,996 and the market capitalization is $1,899,895,090.

The sell-off that is currently affecting the price of Bitcoin is doing more harm to altcoins. At the time of writing, the flagship cryptocurrency was trading at $5,292.05. This means that it is down by USD 3.53% against the USD. The trading volume over a 24 hour period is $17,998,410,531 and the market capitalization is $93,492,283,603. 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.

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$9,314.00
1.72%
Stellar (XLM)
$0.122046
-2.28%

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.

Stellar Lumens Price Predictions – Stellar Lumens News Today – Stellar Lumens Has Strong Fundamentals

Right now, Stellar Lumens has a competitive advantage over many other cryptocurrencies including Bitcoin. It has many use cases that gives 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.

What do you think about the Stellar price predictions in our Stellar news today? Will May be a month for the bulls or the bears? Share your thoughts in the comment section.

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