XLM price increased slightly on July 9 with other cryptos. It rallied for a while and the bulls appear to have taken a break. Can XLM defeat the bears in the short term?
Stellar’s main objective is to make the transactions conducted by its users faster and easier. The goal has always been to make things easier and better for the network’s partners, and investors. The firm’s recent SEP-6 solution designed to enable the withdrawal of stablecoins directly via their bank accounts has been a revelation for global banking companies.
The network’s latest venture the Solar Wallet has also implemented the same. Now, it appears the remaining companies will follow. This looks good for the network’s native token the XLM. Holders of XLM can now sit back and enjoy this phase as current market data on Lumens may shoot at any moment. What is the current status of Stellar?
Stellar (XLM) Price Today – XLM / USD
Stellar Price Prediction: Stellar Market Performance in the Last 24 Hours
It appears the price of Stellar has dropped by a few points in the last 24 hour. The price of Stellar has lost traction and is currently trading at $0.10115 according to data given by coin market cap. The digital asset also had a total market capitalization of $1,963,791,352 at press time. With a circulating supply of 19,425,798,989 XLM and 24 hour trade volume of $392,929,551. Stellar also had a return on investment of 3,295.83% at press time per coin market cap data.
Despite this slight drop in the price of Stellar, the network’s latest initiatives will likely ensure that prices go higher. Hence, investors and traders can hope for the best.
Comparing the Price of XLM for The Last 30 Days
In the past 30 days, the price of XLM has endured several phases due to the highly volatile nature of the market. XML price reportedly dipped from the $0.12789 position to trade at its current point at $0.1011572 as of July 10. This is comparing prices from 30 days earlier to July 10. Due to volatility, Stellar price has recorded a downtrend of no less than 20% in the past 30 days.
The major price drop for the digital asset reportedly started from June 28 onwards. At the time the coin’s value slumped drastically from $0.132 to $0.102 which was a steep fall. The price of Stellar has been moving just within the $0.105 position since then onwards.
Just yesterday, the price of Stellar managed to reach as high as $0.105. But since that time to now, it hit a low of $0.101 at the opening of trade for July 10. The price of Stellar has been crawling in the last 7 days. In that time frame, the price of XLM got the highest point of $0.106.
Stellar Price Prediction 2019: What Should You Expect From XLM Price
Stellar price has the potential to pick up the pace. It can gather momentum and reach as high as the $0.110 point by the end of this month if you consider the coin’s slow-moving trend. In the coming 2 months, XLM price may rise to as high as the $0.140 position. It may even reach $0.2 by the year-end. Of course, this is purely speculative, but it’s still possible that Stellar price may offer long-term gains. Short-term investment might not be profitable because the price of the coin is moving too slow.