Stellar Price Prediction: Stellar Lumens Price Still Struggling To Go Over The Baseline, Can XLM Breakout Soon?

For some coins, today has been one of the better days in the digital asset market. One of such tokens that you can expect a better performance from is Stellar Lumens. Although the coin is facing a bearish trend, it appears the network’s latest initiative will help improve its valuation in the digital asset market.

Just recently it was revealed that the Stellar Cluster launched its first Stellar Validator node. The exercise took place in Switzerland at the Zurich Meetup. Stellar’s developers have been endlessly working on the decentralization network. Hopefully, the network’s recent venture can ensure that the Stellar token has a better price valuation Stellar.

Let us see how Stellar price has performed on the chart for today.

Stellar Lumens Price Prediction: Stellar Lumens Price Opened the Day at $0.10072

According to data given by coin market cap, the price of XLM was trading at $0.10072 as of 08:16 UTC on July 2. The price coin looks great on the day. Hopefully, the bulls may have returned. Below are the remaining data about the coin.

Stellar Lumens had an ROI (Return on Investment) of 3278.41% and a 24 hour trading volume of $465,565,540. Coin market cap also lists the coin’s market capitalization at $1,952,387,399. Stellar also has a circulating supply of  19,420,753,629 XLM and the total supply of  105,122,657,252 XLM. The price of XLM had its highest point at $0.13851 and its lowest point at $0.100182 via the seven day chart.

Stellar Lumens Price Prediction: Comparing the Price of XLM From June 22 to the Current Levels

The highest point for Stellar in the last few days in the month of June was recorded on June 22 when the coin was trading at $0.1350. But this price position dropped by 2.85% on June 26 which took the price of XLM to $0.1310. However, the lowest price for Stellar occured on June 27 after it dropped by 19.69%.

The price of XLM was trading at $0.1051 after the 19.69% drop on June 27. After another two days, the price of Stellar increased by 11.54% on June 29 to trade at $0.1173. However, the XLM/USD price pattern looks like it will soon see a downfall. The final price of XLM after another drop by 14.20% was after the coin’s price dropped by June 29.

Stellar Price Prediction 2019 – What To Expect From Stellar Lumens Price

Stellar price has been fluctuating in bearish territory. This basically means that new traders are welcome to join the network. For a safer bid, investors may want to conduct trades between the resistances and support positions, calculated between the $0.112 point and $0.0976 area, respectively. However, the primary concern that comes into play here is when should investors expect the coin enter the bullish territory? perhaps the latest initiative can push it in the coming days. Only time will tell.

Considering that the price of Stellar has been a safe bet for long term investment, it is safe to say that traders should exercise little patience with their selling bids. It is recommended that they increase the total number of Stellar Lumens. Because this is one of the best times to do so. If everything plays out as predicted, by this year-end, the price of Stellar may be trading between $0.20 and $0.25.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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