In our Stellar Lumens news yesterday, we mentioned that the price of Stellar Lumens XLM was up by more than 2% and expecting higher highs against the USD. Today, a full bull rally for XLM started and it isn’t ending anytime soon. Our Stellar Lumens news today is about the latest surge in the price of Stellar Lumens XLM and what it means for the XLM price prediction this year and in the future.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction – XLM Joins The Bull Run
Towards the end of 2017, the price of cryptocurrencies starting with Bitcoin, started rising against the USD. BTC almost got to the $20,000 level as an Influx of institutional money and buying frenzy supported the hike. Shortly after, everyone started cashing out their gains in January 2018 leading to a market wide sell-off that eventually dragged the price of Bitcoin to $10,000. As time passed, the price of Bitcoin slowly lost its gains until the significant dump in November. This period has been named the cryptocurrency winter. Following the Bitcoin Cash hard fork war, the price of Bitcoin feel from the $6,000 to the $3,000 were it remained for a few months.
It is important to note that because of the correlation between the price of Bitcoin and the price of altcoins, every altcoin, including Stellar Lumens XLM lost most of the gains that were accumulated during the Bitcoin bull run. Many people lost faith in the industry selling off their holdings. However, those who remained started calling for another cryptocurrency bull run that would either be a repeat of the last one or be 3 times as intense. Well, the Bitcoin bull run has started again and the price of Stellar is no longer stalling.
At the time of writing, the Stellar Lumens current price was $0.101921. This means that it is up by 9.36% against the USD and 1.30% against the price of BTC. The trading volume over a 24 hour period is $327,392,652 and the market capitalization is $1,955,312,368. If the price of Stellar Lumens XLM continues to surge against the USD, it is going to hit the $0.12000 level soon and may move as high as $0.15000 before the market correction starts.
Stellar Lumens News Today – Stellar Lumens Technical Analysis – Stellar Lumens Price Technical Analysis
Accjeonf to the Stellar Lumens price prediction on Ambcrypto.com, the price of Stellar moved to $0.089 from $0.108 due to the downtrend in the market. The MACD showed that the cryptocurrency was in the oversold region and primed for a breakout. This breakout has already happened. However, the analyst stated that there is a strong chance that the bears will return to the market mid-term and tap from the gains that Stellar is accumulating now. This, however doesn’t mean that the XLM price prediction is bearish long-term. The Stellar Lumens token, just like the Stellar blockchain have solid future prospects. The traders who will benefit the most are those who take long positions.
What do you think about the Stellar Lumens XLM price prediction, or XLM price in our Stellar Lumens news today? Share your thoughts in the comment section below.