Stellar Lumens XLM Price Struggle Still Ongoing – Will Stellar Lumens Recover or Is XLM Dead?

stellar lumens

According to the Stellar Lumens news on Ambcrypto.com, the Stellar Lumens price struggle is still ongoing. While the bearish price action for Stellar Lumens XLM is discouraging, it is not surprising as we had predicted an impending drop in the price of Stellar XLM as it searches for a bottom.

Just like XRP, the progress by the Stellar development foundation and the partnerships with the Stellar network are doing little or nothing to support the price of Stellar. Does this mean the XLM price prediction is going to be bearish for the rest of the year? Well, for now, it’s hard to say but the price of Stellar Lumens is fundamentally strong long-term even if the case is different short-term.

Stellar Lumens XLM Price Prediction

Stellar (XLM) Price Today – XLM / USD

Name Price
bitcoin
Bitcoin
$10,089.44-1.60%
stellar
Stellar
$0.0713.29%

Before the end of trading yesterday, the price of Stellar Lumens XLM was up by 0.14% against the USD. Falling below the support at $0.09000 was a bad sign for Stellar Lumens XLM.

The technical indicators all suggest that the price of XLM is bearish short-term and that there is serious selling pressure at this time. Stellar’s rival cryptocurrency, XRP is also suffering a similar fate as XLM. At the time of writing, the price of XRP was $0.296438. This means that it is down by 1.38% against the USD and down by 3.92 against the price of Bitcoin.

Stellar Lumens Price Analysis – XLM To Trade $0.45 by the end of this year

For a while now, the price of Stellar has been losing grounds against the USD and against the price of Bitcoin. Even if the altcoin market isn’t currently at its best, Stellar Lumens and XRP are on the list of the top 5 biggest losers.

According to the latest Stellar Lumens XLM price analysis on Cryptonewsz; there are some reasons which can provide a strong basis to upraise XLM’s value in the future. For example, XLM has been listed in Coin Deal and Coinsquare exchanges, Wirex has partnered with XLM, and it is soon going to launch 26 stablecoins on Stellar’s network and Wevest Digital AG, a Berlin-based company, is going to offer digital investment banking service via XLM.

With the above current updates, it is practical enough to understand that XLM is a potential cryptocurrency. Although it has its own capability, it’s the market volatility and the BTC that will majorly impact its future value. Accordingly, we think that XLM can trade around $0.45 by the end of this year.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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