Is Stellar Lumens Dead? Stellar Lumens Price Continues In The Bearish Trendline, When Will XLM Recover?

stellar xlm

Stellar Lumens News Today – If you’ve been paying attention, you already know that Stellar Lumens XLM is one of the worst performing altcoins in the cryptocurrency market at this time. In our Stellar Lumens price prediction in the beginning of the year, we noted that the price of XLM was going to be bullish before the end of the year. In May, Stellar Lumens price surged to the $0.1617 level where it met with resistance. The price started falling lower against the USD and BTC. Up till now, Stellar Lumens hasn’t been able to come near this level. Right now, there is a lot of tension brewing in the Stellar community. Traders are wondering why the cryptocurrency is on a bearish trend and how long this bearish trend will last. Is there hope for Stellar Lumens XLM or is Stellar Lumens dead?

Stellar Lumens News Today – stellar Lumens Price Prediction – Stellar Lumens Price Forecast – What Hope Is There For XLM?

In our last Stellar Lumens news, we talked about how the Stellar Lumens token was facing a crucial resistance and risks falling below significant support levels. Well, Stellar Lumens XLM hasn’t been able to break those resistance levels so far. In fact, the cryptocurrency is falling even lower against the USD and analysts have predicted a more significant bearish trend. This is especially discouraging when you consider the fact that the Stellar Lumens foundation is making major moves to boost the price and adoption of the token. Recently, the official Stellar Org handle posted a tweet wishing that the Stellar blockchain becomes the Pioneer of Bitbond.

Stellar (XLM) Price Today – XLM / USD

Name Price
bitcoin
Bitcoin
$10,050.24-3.15%
stellar
Stellar
$0.0690.700%

Bitbond is making plans to launch its security token offering. It is a lending platform that is based on blockchain technology. Right now, all that is left is approval from the German regulators. Stellar intends to become one of the most used cryptocurrencies on the Bitbond platform. The goal is for users to raise bonds against Stellar. The post by Stellar Org was as follows;

“Blockchain-based lending platform @Bitbond is launching a security token offering (STO) that it says is the first to be approved by a regulator in Germany. We love to see organizations using #Stellar to become pioneers in their field. https://www.coindesk.com/bitbond-plans-to-raise-3-9-million-in-germanys-first-regulated-sto.”

Stellar also recently made some changes to its protocol. These developmental changes were expected to make the network more efficient and lead to a surge in the price of the token. Unfortunately, no significant changes have been seen in the price action.

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM/USD Price Analysis – Stellar Lumens Current Price

At the time of writing, the price of Stellar Lumens XLM was $0.122844. This means that it down by 2.48% against the USD and down by 3.51% against BTC. The trading volume over a 24 hour period is $261,627,291 and the market capitalization is $2,384,279,059. Right now, things are looking bleak. However, if Stellar Lumens becomes the most popular token on Bitbond, this may be a game changer for the platform. It would help promote a bullish Stellar Lumens price prediction by creating more awareness for the platform.

What do you think about the Stellar Lumens price prediction 2019 in our Stellar Lumens news today? Is Stellar Lumens dead? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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