Stellar Lumens XLM Trades In Red Amid A Bullish Market, When Will Stellar Find A Bottom? Stellar Lumens News Today

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, two of the worst performing altcoins were Stellar Lumens XLM and XRP. In our previous Stellar Lumens news, we talked about how the price of Stellar was bleeding out against the USD and Bitcoin. In our Stellar Lumens news today, something similar is happening. Stellar Lumens XLM is still dip in red against the USD. We initially said that the price of Stellar XLM is primed for a surge as soon as it bottoms out. When will the Stellar Lumens price find a bottom?

Stellar Lumens News Today – Stellar Lumens Price Prediction – XLM Price Prediction – XLM Price Analysis

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).

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$8,542.030.632%
stellar
Stellar
$0.0720.574%

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. 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.

Stellar Lumens News Today – Stellar Lumens Price Prediction – Why Is The Price Of XLM Falling

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.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.264
0.832%

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.

What do you think about the XLM price prediction on our XLM news today? Will the price of XLM surge higher or fall lower against the USD short-term? Share your thoughts in the comment section.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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