The digital asset market has started the day in an inconsistent fashion. Some cryptos have extended their gains while others have dropped off their value. An example of such tokens is Ripple’s XRP. XRP price was down by 7% on the day. While tokens like Cardano and BTC have seen gains. Overall, Stellar is another promising coin to watch out for. The network has initiated a number of exercises to boost its price and increase adoption.
Tomorrow, June 28, will see Stellar organize its Stellar Meetup Munich. Two members of the Stellar foundation team, Kori Higgins and Lisa Nectro, will reportedly be spending some time with users of the offering to explain Stellar’s vision as a whole. Followers of the crypto movement will likely ask many questions that are related to Stellar. Hopefully, they will get the kind of answers they are expecting. Now, how has Stellar price performed?
Stellar (XLM) Price Today – XLM / USD
Stellar Price Is Trading at $0.109837 at Press Time
According to data given by coin market cap, the price of Stellar was trading at $0.109837 as of press time. The other stats for Stellar Lumens is its return on investment of 3729.13% and 24-hour trade volume of $659,513,279. Coin market cap also lists Stellar’s total market capitalization at $2,132,444,195 and the coin’s total circulating supply at 19,414,689,503 XLM.
Comparing the Price of Stellar Now With What it Was 30 Days Earlier
Stellar price had a seven day high of $0.134813 and seven day low of $0.112640. Considering Stellar’s price analysis through the last 30 days, we can see that the digital asset’s highest price point was realized on May 30 when it had a trading value of about $0.1441. This figure has now dropped by at least 21.9% from that time.
The shocking action for the price of Stellar can be seen today because the price of Stellar is actually trading at its least point in the last 30 days. This may be a head-scratching moment for all traders. But in this case, patience is needed. Traders just have to hang in there. At least for some more time. Because this is the only way they can see reasonable profits from Stellar.
Stellar Price Prediction 2019
A critical look at the charts highlighting trading for the XLM/USD pair, we can see that the price of Stellar is moving in bearish territory. So, it is safe to say that this may actually be a good opportunity for new traders to enter Stellar’s network and bid “buying” the Stellar Lumens digital asset. Stellar is set to come up with new announcements. The company will announce partnerships and other endeavors.
Reports like this might move the coin in bullish action once more. So, for the time being, it is better to purchase some coins so that you can enjoy the profits later on. Traders must show patience and back the XLM to rise against the USD in the long term if they want profits.
But while you are buying new coins, it is important that traders don’t forget to take note of the calculated resistances and support positions available. These points fall between the $0.135 and $0.116 regions respectively. Now, let us watch the track very closely and see what happens.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.