Today, the digital asset market saw several downtrends from top coins to major altcoins. Many assets have been in the red all day. The state of the Stellar token hasn’t been impressive. It appears the bears have been in play for the coin in the last 24 hours. Will this price action continue? Or will we see changes in the future? Stellar has made moves to ensure that its native token gains the recognition it deserves. But this has had very little impact on the performance of the coin in recent days.
Stellar (XLM) Price Today – XLM / USD
Stellar price has reportedly been moving slowly since the start of July, despite the fact that the network is taking every step possible within its reach to increase the XLM popularity and drive mass adoption of the coin.
Recently, the StellarX listed 1:1 fiat backed XLM coins offered by token.io. This may help in the adoption of open banking features to Stellar. The market performance of the XLM token will perform better in the coming weeks. Will this action lead to more stable prices in the future? Analysts believe it will in the long term. What about the short-term prediction of XLM price?
Stellar Price Prediction: Stellar Price Comparison in the Last 30 Days
As of July 11, the price of the XLM token was seen changing hands at $0.0888 against the USD. In the month of June, the XLM token has recorded a downward action of no less than 26%. Meaning the price of XLM dipped from the $0.12100 position to its current area.
XLM price has surged from the $0.12100 point to reach as high as the $0.133874 area. This covers almost the entire month of June. However, the prices started dropping steeply. At a point, it hit $0.1039 which was in the final week of June. Since then onwards to the current date, the coin hasn’t been able to stage a recovery.
How Has Stellar Price Performed in the Last 24 Hours?
According to data from Coin market cap, the price of XLM is trading at $0.0888 (and 0.00000778 BTC). The coin reportedly had a total market capitalization of $1,719,191,899 with a 24-hour volume of about $402,823,093. Stellar also had a Return on Investment of 2,881.41% according to coin market cap. The coin also had a circulating supply of 19,425,871,142 XLM as of when this content was published.
Stellar price reportedly saw a high point yesterday July 10 when it traded at $0.1024. However, it closed the day trading lower at $0.095057. The price of XLM has also further declined from the lowest point of yesterday. Which was reportedly noted at the $0.093 price level. Now there’s a chance that it might rise again before the end of today.
Stellar Price Prediction 2019: What To Expect From XLM Price?
Considering the fact that the falling prices of the Stellar coin might be momentary, it is normal to assume that the price of XLM will be revived to trade over the $0.10 price position for a longer period. By the end of the month of July, XLM may succeed in achieving this target, and by the end of the year, it may shoot up to trade between the range of $0.2 and $0.25.
From the chart indicating trading for the XLM/USD pair, it is safe to say the price of Stellar may be heading towards the right path. The coin is set to rise in the future. Now is a good time for investors to initiate a long-term plan for their investments in the Stellar token.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.