Stellar is still crashing with no current hopes of a return to a bullish trend. It has to be mentioned here that the market is very volatile and everyone is addicted to watch BTC battle it out at $ 6,000. There is no doubt that BTC has a huge impact on all other cryptocurrencies. Therefore, predictions are not guaranteed and may soon become invalid. It is always better to see the movement of BTC to judge whether or not XLM can be revived. The same has been voiced by many crypto enthusiasts at the moment.
As far as the current state of XLM is concerned, XLM is still in the downtrend and the following information is derived:
- Current trading value: 0.089308 USD
- Current Market Cap: $ 1,711,549,009
- Market rank: 9
- Circulation supply: 19,164,648,708 XLM
From the graph above, it can be seen that XLM is currently trading at USD 0.089428 / 0.000001424 BTC (03:40 UTC time). Its 24-hour volume is valued at USD 221,166,839. The same chart also shows that XLM had a trading point of $ 0.115788 about 1 month ago. During this period, the value of XLM was reduced by -22.76%.
However, there are a few reasons that can provide a strong foundation for adding to the value of XLM in the future. For example, XLM is listed on the Coin Deal and Coinsquare exchanges, Wirex has entered into a partnership with XLM and will shortly be introducing 26 stablecoins into Stellar’s network, and Wevest Digital AG, a Berlin-based company, will offer digital investment banking service via XLM.
Predictions and Conclusion:
With the current updates mentioned above and in accordance with Prediction of the stellar lumens, it is practical enough to understand that XLM is a potential cryptocurrency. While it has its own capabilities, it is market volatility and BTC that will greatly affect its future value. Accordingly, we expect XLM to trade at around $ 0.45 by the end of this year.
Currently, investing in XLM may not be a good idea and so investors need to be vigilant with the price of BTC so they can make the right decisions accordingly.