Stellar Lumens has been on a downtrend for the past few days along with the rest of the cryptocurrency market. However, it is important to note that the price of Stellar Lumens XLM is up by 64% from its crypto winter low per our previous Stellar Lumens news. For the past few weeks, the price of Stellar has been in the range of $0.12 and $0.13. The support level at $0.12 is holding strong against the USD. This is after the price of Stellar reached a new 2019 high $0.165 during the last cryptocurrency market bull run. Right now, there is no saying how low or high the price of Stellar will go. The long-term Stellar price prediction is bullish against the USD thanks to the partnerships that the Stellar Development Foundation has been able to secure so far.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens News Today – Stellar Partnerships May Drive The Price To $0.5
In our Stellar Lumens news today, we would talk about how the Stellar Lumens partnership and the positive sentiment in the market will lead to a Stellar XLM bull run. Right now, Stellar Lumens has gained the interest of institutional investors. This is despite the fact that the Stellar network was created to service unbanked individuals and not institutions unlike Ripple. The new Stellar Lumens price prediction for 2019 places the price of Stellar Lumens XLM at $0.5 by the end of the year.
The Stellar Development Foundation spares no expense in promoting the Stellar network and the Lumens token. The ongoing Stellar airdrops prove this. Now, the Stellar Development Foundation intends to overtake the banking sector by offering a secure network with lower fees. A while ago, the Stellar Development Foundation announced that it has entered a partnership with Deloitte and IBM. Stellar Lumens XLM was also listed on Wirex as one of the available payment options. This move alone exposes Stellar to thousands of customers.
Apart from the partnerships with already established institutions, Stellar has also been targeting startups. In our previous Stellar Lumens news, we noted that Stellar has entered partnership a with Pioneer, an Israel based organization. With this partnership, XLM will be offered as incentives to those who participate in the Pioneer-powered contest.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Analysis – XLM Current Price
At the time of writing, the price of Stellar Lumens XLM was $0.123087. This means that it is down by 5.73% against the USD and down by 3.42% against the price of BTC. The trading volume over a 24 hour period is $435,417,992 and the market capitalization is $2,371,548,637. Short-term, however, Stellar must remain above the 200-day EMA if more decline is to be prevented. This is around the $0.12 level. If it falls below this support, more declines to $0.1174 and $0.1146 will follow.
Stellar (XLM) Price Today – XLM / USD
On the upside, if the bulls gather enough momentum, the price of Stellar will move as high as $0.145 and even higher to $0.155. Surging above this resistance will pave a way for a new bull run.
What do you think about the Stellar Lumens price prediction 2019 in our Stellar Lumens news today? Share your thoughts about the Stellar price analysis in the comment section.