Stellar Lumens XLM News Today – Top Headlines for Oct 4, 2019

  • Stellar {XLM} Meetup Scheduled to Hold  in San Francisco Draws in 100 Attendees; XLM Recovers, Targets $0.075

 

Stellar XLM is a thriving cryptocurrency which is currently ranked #10, it is directly above LEO and below Bitcoin SV in the market. It’s current ranking is a proof of how far this currency has come. Recently, the trading volume of Stellar has risen considerably reaching up to $129.450 million. This is a far cry from where it used to be, coupled with the fact that there are about 20.159 billion XLM tokens in circulation. This takes the total market cap of Stellar Lumens to $ 1.189 billion at the moment. 

The Stellar XLM is a rising digital currency and aims to do much more than it is doing at the moment. In the past 24-hours the XLM has moved at a rate of about 0.89%, this surge brought the price to about $0.059165 which is a massive improvement and the price seems to have settled there up till now. This settling may mean many things. It could be that the currency has found stability or it could be an indication that it is not going anywhere anytime soon. 

Looking at the charts there are so many indicators that tell us about the possible future of the stellar XLM. But truth is we can only predict, certainty is not 100%. Using the indication of the Ichimoku cloud and the recent performance, it shows that the sellers of the cryptocurrency have not let off and they still remain a formidable force to be taken into account. Looking closely at the chats, the MACD line still lies slightly under the signal line. However the gap between the two lines has been reducing over the span of the last 5 days. The daily RSI ( for about 14 periods) is at 44.5 this shows that the Lumens is currently stagnated at the neutral zone and it might be there for a while. 

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$7,180.76-5.86%
stellar
Stellar
$0.058-3.89%

So, is the price of Stellar Lumens XLM moving up anytime soon? It’s too early to say at this done. But the cryptocurrency is here to stay and is gaining more attention than before and this  San Francisco meetup is geared towards more publicity and attention. 

Will the meetup at San Francisco produce positive results for Stellar? The answer is most likely in the affirmative and will it help the currency get to its target of $0.075? Well we will just have to wait and see.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.