Many analysts argued that altcoin season had not begun, but tokens like XLM are proving them wrong. The Stellar Lumens price prediction 2019 was set at $1 which is quite attainable considering the achievements of the network. however, analysts are pegging the Stellar Lumens price prediction 2019 figure at $1.2 by December. This would mean that the price of XLM would surpass its all time high of $0.938144. Is this a feasible price prediction? Can Stellar maintain the current momentum and soar to the moon?
Stellar (XLM) Price Today – XLM / USD
XLM News Today – Stellar Lumens Price Prediction 2019
The goal of Stellar is to be a global open sourced payment network that offers low cost payment services in different currencies. This factor has made Stellar to stand out among its competitors. XLM holds the 10th position on Coin Market Cap and has successfully bagged meaningful partnerships as well as developments that can help the token reach mass adoption someday.
Stellar Lumens saw a sharp price increase after it was listed on Coinbase. Also, other positive recent news such as the recent partnerships have had a role to play in XLM’s price rally. the token is set to hit a new all time high from the previous one in 2018. It has been more than a year since XLM price hit its all-time high of $0.938144. this time, analysts believe that the token has gotten more exposure and the next attainable price target is $1.2.
What is the price of Stellar today?
Stellar is presently trading at $0.125924 at press time according to Coin Market cap. It has seen an increase of 3.35% against the USD and 1.51% against BTC. The total market cap of XLM is $2,434,327,870 USD with a 24 hour volume of $447,775,463 USD.
Considering the charts for the week to see how well the price of XLM has performed, it shows that the coin moved from a bearish trend to a bullish one. June 3 was the ATH for the week at $0.1399. The value then dipped by about 12% after 24 hours and it traded at $0.1174.
The price of XLM saw some respite and its value increased by about 4%. On June 7, it rose again to $0.125924 and has been bullish since. The fluctuations in the price of Stellar Lumens appears to favor short term investments. This means that traders must follow up on the trends in real time to know the best time to buy or sell.
When it comes to long term investments for XLM, investors worry about the fluctuations. Still Stellar has improved on its pace and is operating a bullish market that allows traders to monitor the resistance support.
It may be safer for traders if the continue trading under the resistance levels of $0.127 and $0.118. Still, Stellar Lumens Price Prediction 2019 is hopeful for those who intend to go with long term investments. With more partnerships, positive news and more adoption, Stellar may even be heading to the top 5.