It’s true that Stellar Lumens has prospects. However, it is also important to note that the cryptocurrency has been underperforming over since January. Over the last five days, XLM is down by 12% against the USD as well even if the price has increased by 4% over the last 24 hours. This time last year, the price of Stellar Lumens was up by 58% trading at $0.2938. Even with the cryptocurrency winter, this drop in price is not encouraging. Many cryptocurrencies have been able to gain significantly since the beginning of the year but Stellar hasn’t.
On one part of the continuum, the price of Stellar Lumens is beneficial to traders who purchased the token as soon as it was released and years after. Does who bought Stellar Lumens a year ago have not been able to break even. The Stellar Development Foundation hinted that there is a big announcement coming soon. Hopefully, this would lead to a surge in the price of Stellar Lumens XLM.
In our previous Stellar Lumens news, we talked about the fact that XLM has been listed on Crypto.com to be among the likes of Bitcoin, Ethereum, Litecoin, and other cryptocurrencies that can be bought and sold using this service. Also, Exchange Kaiserex paired Stellar Lumens with 34 new tokens for trading. Let’s not forget that Stellar Lumens XLM is also listed on Coinbase and many other top cryptocurrency exchanges in the world.
Before listing a token, exchanges like Coinbase and Binance analyse the risks and potential of a token. This is why cryptocurrencies that are listed on Coinbase typically enjoy the Coinbase effect. The Coinbase effect is a term that is used to describe the positive spike in price that cryptocurrencies enjoy when they get listed on Coinbase. Apart from the fact that these cryptocurrency listings increase exposure for a token, they also show investors that these cryptocurrencies are worth the investment.
Stellar Lumens Price Prediction
Stellar (XLM) Price Today – XLM / USD
As a long-term investment, Stellar Lumens is a risky option. There are many bullish Stellar Lumens price predictions out there than all place Lumens at higher highs in the future. However, make sure you proceed with caution and invest only a small percentage of your cryptocurrency portfolio capital in Stellar Lumens XLM.
XLM News Today – Stellar Should Get More Attractions
There has been a lot of hype surrounding the Stellar Lumens token and the Stellar Lumens blockchain. So far, it appears to be one of the most promising cryptocurrencies in the space. The goal of this article is to help you decide if Stellar Lumens is a good investment and if the price of Stellar Lumens is going to surge significantly in the future.
According to tronweekly; one Twitter user tweeted about XLM and said, Stellar is not popular mostly because of its weak or zero marketing. The user specified Justin Sun, Tron’s CEO, in that view. Given, Justin has been a significant marketing power behind Tron’s progress. If Stellar’s developers and platform administrators could be more proactive and market their brand more aggressively, there could be substantial growth resulting in more enactment of the novel Blockchain technology just like other cryptocurrencies such as Tron or even Ripple.
#Stellar has one of the best consensus algorithms of any projects ever. Yet it doesn’t get the recognition it deserves. How come? #XLM #StellarLumens #crypto #cryptocurrency #altcoins
— Weiss Ratings (@WeissRatings) June 4, 2019
Although this case may be true or not, this truth-obtaining sortie by Weiss Ratings should be an epiphany for the authority of Stellar Lumen’s foundations to launch some moves to obtain their legitimate position in the Blockchain technology world and Crypto market.
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.