Stellar Lumens Price Analysis: XLM’s Price is decreasing For Weeks, What is there in the XLM’s Future?

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

As we all clearly know that the cryptocurrency market is always unpredicted and the prices are very unstable. The cryptocurrencies price always seems to increase and decrease with the bearish and bullish movements. The previous few days have been good for some cryptocurrencies and some of them faced bitter experience with the decreasing value.

Cryptocurrency like Bitcoin enjoyed the increase of its value after going through the bitter experience of last year’s bearish trend. As has been the leading cryptocurrency in the market, the value of Bitcoin does influence the trading value of other currencies. But, even the bullish movement of Bitcoin price didn’t provide any help to some currencies such as Ripple (XRP), Ethereum (ETH) and Stellar Lumens (XLM), they are still lingering in the red indicator.

Current Status of Stellar Lumens (XLM): The Stellar Lumens (XLM) is currently trading the price of $0.095968 USD, with the market capitalization of $1,836,363,948 USD. The 24-hour volume of XLM is $204,584,561 USD. The circulating supply of XLM is 19,135,211,981 XLM and the total supply of 104,942,387,317 XLM.

The Stellar Lumens is positioned at 9th number in the cryptocurrency market. Stellar Lumens (XLM) is experiencing the value decrease of -3.00%, which is bad for its position in the market.

On May 5, 2019, the Stellar Lumens price was trending at the value of $0.098201, with the market capitalization of $1,879,087,878 USD and the 24-hour volume of $227,870,703 USD. As we compare both the prices of yesterday and today, it is very clear that the price of XLM has decreased since the price it was at yesterday. It is clearly the effect of the bearish market pressure on the XLM’s price.

The price of XLM was hovering between $0.29 and $0.31, since last year August. It is one of the cryptocurrencies, which is not performing as per the expectations of the traders and experts. Now, we need to see that the XLM price will enter into the bullish movement from current bearish movement.

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