Is There Hope For Stellar Lumens (XLM)? Stellar Blockchain Gets Thumbs Up From Public Figures Amid XLM Sell-off

Stellar Lumens News Today – Stellar Lumens (XLM) has been struggling to catch up with the rest of the cryptocurrency market. While Bitcoin, Ethereum, XRP and other cryptocurrencies have been recording significant gains, Stellar Lumens has been stuck in a descending trendline recording only minor gains against the USD per our previous Stellar Lumens news. Even with the poor performance of the XLM token, the Stellar network has attracted a lot of attention in recent times. In fact, those who use the Stellar blockchain are certain that it is going to be one of the leading blockchains in the upcoming blockchain revolution. Recently, the CEO of SatoshiPay, Meinhard Benn, made positive remarks about Stellar Lumens.

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

A while ago, SatoshiPay started using the Stellar blockchain to host its product. Recently, Meinhard Benn said that this decision is the best decision the payment services firm has ever made. In his words;

“Essentially, the best business decision and technical decision we made in our history so far is to switch to Stellar.” – Meinhard Benn (@meinharrd), CEO of @SatoshiPay#Stellar #StellarDevelopershttps://www.youtube.com/watch?v=aaCc0s1bWAs&feature=youtu.b.

While this comment was made by the CEO of SatoshiPay, it was published on the official Stellar page. Members of the cryptocurrency community have suggested that this was done deliberately to increase visibility for the Stellar blockchain and reassure the Stellar community of its efficiency. This comment and other similar comments are needed now more than ever because of the poor performance of the token.

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

Over the last 24 hours, the XLM token has been trading in green. However, it hasn’t been able to catch up with the rest of the altcoin market. In fact, staying above the resistance at $0.1300 is now next to impossible as XLM keeps bouncing off this level. For the past fourteen days, the highest price of XLM has been $0.13231. It reached this level on the 17th of June and has fallen slowly below the $0.1300 level again. It has lost 4.6% of its value since then. On the 20th of June, the price of Stellar Lumens XLM fell as low as $0.1208. Thankfully, it gained up to 4.3% of that level since then.

Right now, it’s difficult to determine why the performance of Stellar Lumens XLM is so poor. On one end, some analysts have suggested that the uncertainty surrounding the IBM Stellar partnership is the major reason for the price crash. On another end, other analysts have suggested that the release of Facebook’s Libra token is responsible for the price crash. The Stellar Lumens price prediction at the beginning of the year was extremely bullish. Right now, it’s difficult to back that XLM price prediction.

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

At the time of writing, the price of Stellar Lumens XLM was $0.128058. This means that it is up by 1.83% against the USD and up by 4.97% against BTC. The trading volume over a 24 hour period is $521,904,793 and the market capitalization is $2,485,467,654. Even if it is currently in green, Stellar Lumens is still in bearish territory. Before the end of the year, it may successfully break free and test the $0.300 level.

What do you think about the Stellar Lumens price prediction 2019 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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