The stellar network is an open source platform. It is a distributed and community-owned network, and it facilitates the cross-asset transfer of values with minimal transfer cost. It can handle exchanges between cryptocurrencies and fiat based currency. Stellar.org is a non-profit organization, and it supports Stellar. It is centralized just like XRP and is meant to provide a platform for cross-platform transactions and microtransactions like XRP. Jed McCaleb founded it in 2014. It is a payment technology whose objective is to link all financial institutions by reducing the cost and time for cross-border transfers to a very significant extent.
Present status of Stellar (XLM)
Stellar is currently getting traded at USD 0.081986 (UTC time 08:50). It is holding the 8th position in the present crypto market. It’s market cap has a value worth of USD 1,575,143,186. Compared to its yesterday’s price, the value of XLM has been reduced by -2.17%; it is currently running on a bearish trend.
Price analysis of XLM on the basis of Stellar Charts
Advertisement
The above chart shows that the current price of XLM is 0.081833 USD or 0.00002190 BTC (UTC time 08:58). Its present market is currently getting traded at a value of 1,572,206,582 USD with 144,843,941 USD as its 24h volume. The same chart shows that value of XLM, one month back was 0.077690 USD. Contrasting and comparing these two price points, we see that the value of XLM has been increased by 5.33% with 0.074270 USD as a very good support level. So, the price range of XLM is on a bullish trend for one month.
Future price predictions of XLM
According to the Wall Investor, long term forecast about Stellar says that XLM can be a very good option for long term investment. Within a five year investment, the revenue from XLM is expected to be around +50.77%. So, those investors who are wishing for a good return on a cryptocurrency, they can definitely consider XLM. But, so far recent price ranges are concerned, the predictors assume that this is not the right time to invest in XLM as it is not going to hike up until 2020. Although XLM can be more promising than other altcoins due to its benefits for cross border payments, it is better to wait for the right time to splurge in this crypto.
Final words
Advertisement
As per, Stellar Predictions by CryptoNewsZ, XLM is not expected to hike up until 2020. It is profitable only in a long-term basis. So, investors must wait for the right time to invest in XLM.
