Stellar Lumens (XLM): Will it grow despite the present bearish market condition?

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

Stellar Lumens (XLM) price was predicted to increase throughout the year against the United States Dollar (USD) and the digital currency was expected to show good performance in the crypto market throughout this year.

This was mainly due to the positive development seen in the Stellar Development foundation. But the digital currency is not growing as expected; In fact, the price is literally going down and the bears are caught up with the Stellar Lumens (XLM).

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The last time Stellar Lumens (XLM) was high was on 18th of April and the price was as high as $0.12 since then Stellar Lumens (XLM) has only seen a downward trend. Presently Stellar Lumens (XLM) is trading at $0.098 showing a 0.88% negative growth with a market cap of $1,886,567,111 and volume of $217,782,191,778. Stellar Lumens (XLM) is not alone in this bearish trend is not new in the market: In fact, many coins are facing the same bearish trend.

The reason that is affecting the price of the Stellar Lumens (XLM) and other cryptocurrencies is the flagship coin Bitcoin (BTC) that is seeing a decline. Bitcoin (BTC) is presently trading at $5,246 and showing negative growth of 0.29%. But the positive part is that the Stellar Lumens (XLM) is seeing a downward trend now that does not mean this will continue.

The price of Stellar Lumens (XLM) is expected to rise by May. Many experts even say that the price of Stellar Lumens (XLM) that the price will rise to $5.

Stellar Lumens (XLM) is expected to grow better than many other digital currencies even Bitcoin (BTC) and the reason for this is that Stellar Lumens (XLM) is providing a free and decentralized blockchain that attracts customers in a world are they are annoyed by the centralized blockchain.

Stellar Lumens (XLM) is also attracting investors like IBM that are interested in it because they believe in the Stellar Development foundation. If the market is showing a positive mindset then the Stellar Lumen (XLM) can really rise to $5 soon.

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