Stellar Lumens News Today – Stellar Lumens remains one of the worst performing cryptocurrencies in the space even as the price of Bitcoin recovers dragging the rest of the market along. For a long time now, the cryptocurrency has been struggling to gather bullish momentum all to no avail. The sideways trend is becoming more intense as time passes. If care isn’t taken, Stellar might fall below the $0.100 level. Why is the price of Stellar Lumens falling even if the Stellar price prediction 2019 was bullish in the beginning of the year?
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Why Does Stellar Underperforms The Entire Market Amid Market Recovery
When it comes to educating the Stellar community and prospective members of the Stellar community, the Stellar Development Foundation spares no expense. Over the years, the Stellar Development Foundation has hosted several seminars, airdrops and other initiatives all targeted at creating awareness for the Stellar blockchain and the XLM token. Last week, the Stellar Foundation released a detailed post on the company’s official website encouraging people to stay focused as their goal of global financial inclusion and decentralization hasn’t changed.
Today, the executives at the Stellar blockchain had a meetup in London during which they educated the audience on Stellar’s vision as a network and as a community. Despite all the effort the Stellar Development Foundation is making to ensure the progress of the network, the continuous drop in the price of XLM has been discouraging. Why is the price of Stellar Lumens falling? Will the bullish Stellar Lumens price prediction 2019 be possible with the current price action?
Stellar (XLM) Price Today – XLM / USD
There are many theories that explain the drop in the price of Stellar Lumens XLM. A few months ago, smarttest.wpmudev.host reported that the Coinbase Stellar airdrop and all the other airdrops being hosted by the Stellar Development Foundation were going to have a negative impact on the price. According to the article, all the Stellar airdrops are pumping too many tokens into circulation at the same time without a corresponding demand. When the supply is more than they demand, there is no scarcity and so the price falls. So, even if the Stellar airdrops were good for increasing awareness for the Stellar Lumens XLM token and the Stellar network, the effect on the price of the token long-term is catastrophic. Another obvious reason why the price of Stellar has been performing poorly is that the wider market hasn’t been doing so well either.
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 $0.103829. It is up by 0.80% against the USD and down by 5.97% against the price of BTC. The trading volume over a 24 hour period is $412,102,980 and the market capitalization is $2,016,878,454. About three days ago, the price of Stellar Lumens XLM fell by more than 11.25% within a 24 hour period. While it has gained a little ground since then, it is still doing poorly. Even if the entire cryptocurrency market started recovering, Stellar Lumens XLM is only up by a few points. For now, it’s not clear how low the price of XLM will fall.
What do you think about the Stellar Lumens price prediction 2019 in our Stellar lumena news today? Share your thoughts in the comment section below.