Technical Analysis

Stellar Price Analysis: Stellar (XLM) slightly increased, but still trading in the lower zone

Stellar (XLM)

There has been recent news on the development side, which was noticed on new updates on Twitter. Go SDK v1.3.0, and Horizon v 0.18.1 has been recently released that includes many new fixes and features on the Stellar network.

But will it increase the supply is a question!

XLM to USD Price Comparison

Currently, Stellar price is trading at $0.08734 at 05:14 UTC on 12th July 2019. The other major calculated factors are as below:

  • Return on Investment: 2837.65%
  • Total supply/Circulating Supply: 105,142,706,350 XLM/ 19,425,874,542 XLM
  • 24 Hour Volume: 443,361,014 USD
  • Market Cap Value: 1,698,118,662 USD
  • 7 Day high/low: 0.106230 USD / 0.086259 USD

Considering the last 5 days, the chart does not really show some good trend. Initially, the value was fluctuating above the baseline. 8th July at 09:45 UTC, the value was trading at $0.106383. However, in the next two day, by 10th July at 15:55 UTC time, the value dropped by 13.44% trading at $0.092083, which was below the baseline. The value then went further down by 6.99% on 11th July at 20:50 UTC trading on the lowest of $0.08565085.

However, there is a slight increase of 1.9% from then.

Stellar Price Prediction and Conclusion

With the recent updates in the development, Stellar might move slightly out of the bearish zone. Stellar has been in this zone constantly from a few weeks now. And it must rise in the upward direction soon!

Considering the trades from the past 30 days, we might see the valuation of $0.2 by the end of 2019. It might rise further if XLM price starts trading in the upward direction for the long term.

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Elizabeth Bullock
Elizabeth Bullock is a cryptocurrency trader and actively participates in crypto-exchanges. She has knowledge of various cryptocurrencies. She also has keen interest in finance and is a finance blogger.

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