Stellar Lumens News Today – Stellar Lumens XLM is one of the worst performing altcoins of the year. While most altcoins are 100 – 400% higher than their opening price of the year, the price of XLM is down on a year-to-date basis. Of all the months, it lost most of its value this June while it tested its highest point in May. In the beginning of the year, our Stellar Lumens price prediction 2019 was bullish. We said, in our Stellar Lumens news at the time, that the price of Stellar Lumens XLM was going to reach new highs this year. With the current price action and Stellar Lumens price prediction, is there still hope for a Stellar Lumens XLM token?
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction – XLM Price Analysis
Stellar Lumens was once among the top five cryptocurrencies on CoinMarketCap. However, as time passed, the price of Stellar Lumens fell slowly until it finally reached its current level in the top 15. Irrespective of the current price of Stellar, it would be unfair to dispute the potential of the Stellar network. The Stellar Lumens network is one of the strongest in the space and the Stellar Lumens blockchain has many use cases.
The Stellar Development Foundation has been working on projects that will make the Stellar blockchain more popular and make the token more useful to the public. If the Stellar blockchain gains more popularity, the XLM token will also become more popular and a more popular XLM token means a more expensive token and huge returns for investors. This is what makes Stellar Lumens XLM the perfect option for long-term investment. Many traders are waiting for the price of XLM to bottom out so that they can buy the dip and hold long term.
Stellar (XLM) Price Today – XLM / USD
With the extra competition from the Facebook Libra token, the Stellar Development Foundation needs to put in more effort to ensure that the token survives. You see Libra is going to target the same market that Stellar is currently targeting, the unbanked and developing parts of the world. Before now, the only blockchain platform that posed a threat to Stellar was Ripple. Now, however, Stellar has to compete with both Ripple and Libra.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Current Price Of Stellar Lumens XLM
At the time of writing, the price of Stellar Lumens XLM was $0.107920. This means that it is down by 4.94% against the USD and up by 1.68% against the price of BTC. The trading volume over a 24 hour period is $413,920,397 and the market capitalization is $2,095,799,956. It is down by more than 20% over a 30-day period with no hope of a trend reversal at the moment.
However, the Stellar Lumens price analysis on CryptoNewz places the price of the XLM token around $0.25 by the end of the year despite its current price action. Initially, the Stellar Lumens price prediction 2019 placed the price of XLM at $0.900 by the end of the year. Due to the current state of the market, the prediction has been adjusted.
What do you think about the Stellar Lumens price prediction 2019 in our XLM new today? Share your thoughts in the comment section below.