Stellar Lumens News Today – The cryptocurrency market has been at its most volatile state for the year over the past two weeks. It all started when the price of Bitcoin (BTC) surged significantly against the USD carrying only a few altcoins along. It crossed major resistances testing new yearly highs along the way. Per our previous Stellar Lumens news, we noted that the price of XLM wasn’t rising at the same pace as Bitcoin (BTC). In fact, the cryptocurrency was trading in red while Bitcoin was recording significant gains. You’ll recall that our Stellar Lumens price prediction at the beginning of the year was bullish. So, why is Stellar Lumens falling and is it a good idea to buy the dip?
Stellar Lumens News Today – Stellar Lumens Price Prediction – Stellar Lumens Has A Bright Future Even With The Current Downtrend
If there is anything that the Bitcoin price surge proves, it’s that cryptocurrencies are here to stay. No matter how much anyone tries to deny it, blockchain technology and cryptocurrencies have a place in the future. However, in the next ten years, many of the cryptocurrencies that are in existence will be wiped out because they have no intrinsic value. This is something investors need to consider before making a long-term commitment to a cryptocurrency.
Stellar Lumens is one of the few cryptocurrencies that have potential in the new world. It has many use cases. Stellar Lumens was created to solve problems in the financial system. Just like Ripple, the Stellar Development Foundation intends to reinvent the cross-border payment settlement system by offering, fast, cheap and accessible tech that can attend to the needs of the unbanked. Using the Stellar Lumens token or the Stellar blockchain, individuals can boycott the centralized banking system when making financial transactions.
Right now, the only thing Stellar needs is mass adoption. By the time people across the globe learn about the Stellar Lumens blockchain, it will become unstoppable. The Stellar Development Foundation needs to put in more effort in marketing the Stellar Lumens token and the Stellar network. While they are already hosting educational programs and offering incentives to those who want to learn about the blockchain, more work needs to be done to achieve global adoption. By the time global adoption is achieved, the demand for Stellar will increase and this will be followed by a corresponding rise in price making it profitable for long-term investors.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Current Price
Over the last 30 days, the price of Stellar has been on a sideways trend. The highest price it reached was $0.1441 and it has dropped by 21.9% since then. Due to the current downtrend in the market, the price of Stellar Lumens XLM is moving lower presenting long-term buyers with the perfect opportunity to buy. It is in the bearish territory and traders can take advantage of this.
Stellar (XLM) Price Today – XLM / USD
At the time of writing, the price of Stellar Lumens was $0.109649. This means that it is down by 6.67% against the USD and up by 2.95% against the price of BTC. The trading volume over a 24 hour period is $615,791,670 and the market capitalization is $2,128,798,640. With the right push, Stellar Lumens can hit the $45 mark in the next few years.
What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Share your thoughts in the comment section below.