Stellar Lumens is the native token of the Stellar network. The Stellar development foundation has put a lot of work into the growth and development of the Stellar network and the Stellar Lumens token. So far, the Stellar Lumens price has been struggling against the USD along with the rest of the cryptocurrency market. This doesn’t mean that the Stellar Lumens price prediction 2019 is going to be negative throughout the year. There is still a chance that the price of the Stellar Lumens coin will surge in May as it is now approaching a bottom. Will the price of the Stellar Lumens coin rise after it hits a bottom or will Stellar remain stuck in a descending trendline indefinitely?
Stellar Lumens News Today – Stellar Lumens Price Prediction – Stellar Lumens Coin Price – XLM Stellar Price Is About To Bottom
The price of Stellar Lumens XLM has been unsteady since the beginning of the year. While some weeks have been bullish, others have been bearish. The highest price of Stellar Lumens since the beginning of the year was $0.1344. Stellar coin was able to reach this level on the first of April amid the market wide bull run. Since then, it has declined against the USD and has been unable to surge to this level which is now acting as resistance. Within a one month period, the price of Stellar has fallen by 7.60% against the USD. The total market capitalization is down by 8.39% against the USD.
It is important to note that the current downtrend in the market isn’t limited to the Stellar Lumens coin. Other cryptocurrencies are falling against the USD. The market-wide sell-off has been going on for awhile now but intensified because of the Bitfinex-Tether saga. Bitfinex is under investigation for using Tether (USDT) to cover up losses worth millions of dollars. Right now, even the price of Bitcoin is falling against the USD. At the time of writing, the price of Bitcoin was $5,245.61. This means that it is down by 1.07% against the USD. The trading volume over a 24 hour period is $13,610,559,593 and the market capitalization is $92,703,713,528.
Stellar Lumens Price Prediction – Stellar Lumens Coin Price – What Happens After The Price Bottoms Out?
At the time of writing, the price of Stellar Lumens was $0.097240. This means that it is down by 2.11% against the USD and down by 1.12% against the price of BTC. The trading volume over a 24 hour period is $200,362,574 while the market capitalization is $1,857,495,323. If the price of Stellar continues to fall against the USD, it will hit bottom soon.
When the price of XLM hits bottom, the value will most likely move as high as $1.5. If it doesn’t move as high as this level, it would be stuck in a descending trendline for months. Investors who want to make quick profit should buy when the price bottoms out and sell after it peaks. Long-term investors can buy the Stellar XLM tokens now and hold until the end of 2020.
What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Will Stellar bottom our soon? If it does, will it spike as high as $1.5? Share your thoughts in the comment section.