Sellar Lumens News Today – Yesterday, the entire cryptocurrency market started moving higher after taking a serious hit due to regulatory concerns. While the entire market started to recover, the Stellar Lumens price remained stable. It wasn’t until during mid-trading yesterday that the price of Stellar Lumens XLM started to recover against the USD. It was finally able to break out of consolidation and join Bitcoin’s price pump. Unfortunately, it didn’t last and the price of Stellar Lumens XLM quickly fell back to the red zone as we had predicted in our previous Stellar Lumens news. What’s next for Stellar Lumens XLM? Is Stellar Lumens Dead?
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Analysis – XLM Price Prediction
The fact that the price of Stellar Lumens XLM isn’t significantly affected by the price action of Bitcoin is a good and a bad thing. For one thing, it shows that Bitcoin’s dominance against Stellar Lumens has dropped significantly. On the other hand, it means Stellar Lumens will not benefit from the price spikes Bitcoin gives the rest of the cryptocurrency market from time to time. While these short-term spikes may be seen as volatility, they are important because they help promote adoption of tokens by boosting popularity.
Stellar (XLM) Price Today – XLM / USD
Yesterday night, however, the Stellar community was satisfied when the price of Stellar Lumens XLM moved by 11% within a few hours rising as high as $0.100. While this is still significantly lower than the price of Stellar Lumens XLM in May when it sold as high as $0.164, it was a good recovery. While the price recovery was encouraging, it didn’t last long. Before long, the price of Stellar Lumens XLM fell back to the $0.97 level from where it has declined continuously throughout the day.
Right now, there is a strong support at the $0.94 level. It is important that the price of Stellar Lumens XLM remains above this level to prevent lower lows. Falling below the support at $0.94 will see the price of Stellar Lumens XLM test the support at $0.88 near-term. While it’s not clear why the price of Stellar Lumens XLM is falling, there is a high chance that the price will recover along with the rest of the altcoin market after Bitcoin’s dominance reduces and altcoin season starts.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Latest Update – Will Altcoin Season Come?
There is an ongoing debate regarding whether or not the altcoin season will come. You see altcoin season or altseason refers to a period when the price of altcoins are thriving at the expense of the price of Bitcoin. In this case, instead of Bitcoin ruling the market, altcoins will rule. However, with the kind of hold that Bitcoin has over the entire cryptocurrency market, it’s not clear if altcoin season is going to come anytime soon.
At the time of writing, the price of Stellar Lumens XLM was $0.095517. This means that it is down by 1.80% against the USD and down by 0.10% against the price of BTC. The trading volume over a 24 hour period is $279,257,650 and the market capitalization is $1,855,533,764. If altcoin season comes, the price of Stellar Lumens XLM may rise above the $0.200 level.
What do you think about the Stellar Lumens price prediction 2019 in our Stellar Lumens news today? Share your thoughts in the comment section below.