Stellar Lumens (XLM) Price Continues To Underperform Despite Network Changes, Is Stellar Lumens Dead?

Stellar Lumens News Today – Stellar Lumens XLM has been doing well over the last few months. However, even if the trend is relatively green, the bitter truth is that Stellar isn’t doing as well as many other altcoins in the top 20 list. In fact, compared to cryptocurrencies like Litecoin and Bitcoin, Stellar Lumens is seriously underperforming. Over the past few days, the price of Stellar Lumens XLM has been struggling to gather bullish momentum over the USD and BTC. However, each time it surged, the bears dragged the price down toward the nearest support at $0.125. Is Stellar Lumens XLM dead? Why is the cryptocurrency not bullish against the USD?

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Is Stellar Lumens Dead?

Even if the price of Stellar started the year trading poorly, it recovered above the $0.167 level and everyone believed that the bulls will take control of the market. Unfortunately, this didn’t happen. The cryptocurrency started to fall and has maintained a downtrend for weeks. This is discouraging to traders who bought when the prices were high. In May, when the price of XLM enjoyed a bull run, the traction it got was mostly because of Bitcoin. Traders were looking for strong altcoins to diversify their portfolios with. Unfortunately, XLM price has failed to rise along with Bitcoin. Traders are buying EOS and XRP more than XLM.

Stellar (XLM) Price Today – XLM / USD [ccpw id=”17326″]

The first time the price of XLM tested the $0.167 level this year, the price of BTC was above $8000. Now, we can confirm that the sentiment of XLM is bearish because the price of Bitcoin has crossed fhos level again but XLM is still struggling to move above the $0.12 level. This shows that irrespective of the current condition in the market, the bulls don’t have full control of the price. Bitcoin is primed to hit $9000 soon but the price of XLM is still bearish. There is no guarantee that it would even hit $0.167 anytime soon. The trends show that it will continue to trade within the $0.125 and $0.149 range for a while. If the price of XLM falls below this range, it will test $0.0900 before the end of the month. On the other hand, if it surges above this level, it will test $0.150 before the end of the year.

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction 2019 – Current Price Of XLM

At the time of writing, the price of Stellar Lumens XLM was $0.128744. This means that it is up by 2.47% against the USD and down by 2.31% against BTC. The trading volume over a 24 hour period is $331,862,073 and the market capitalization is $2,498,680,793. While it is recording some gains against the USD, it is still being outperformed by Bitcoin, the flagship cryptocurrency.

What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Share your thoughts about the XLM price prediction in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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