Stellar Lumens XLM is trading in red amid a bullish market. When will Stellar find a bottom? Stellar Lumens News Today Stellar Lumens Price Prediction – Stellar Lumens XLM trades in red amid a bullish market. When will Stellar find a bottom? Stellar Lumens News Today – XLM Price Prediction – XLM Price Analysis

When Bitcoin’s price against the USD hit the $ 6,000 mark for the first time since November last year, most altcoins also saw gains. As Bitcoin’s dominance in the market increased, Stellar Lumens XLM and XRP were two of the worst performing altcoins. In our previous Stellar Lumens news, we talked about how Stellar’s price was bleeding against the USD and Bitcoin. Something similar is happening in our Stellar Lumens news today. Stellar Lumens XLM is still red against the USD. We initially said that once it hits the bottom, the Stellar XLM price will be prepared for a spike. When will the Stellar Lumens price bottom out?

Stellar Lumens News Today – Stellar Lumens Price Prediction – XLM Price Prediction – XLM Price Analysis

The poor performance of Stellar Lumens and XRP has resulted in conversions on Twitter. This is because the price forecast for Stellar Lumens for 2019 was optimistic at the start of the year. In fact, the future of Stellar was so promising that people became interested in the price prediction for Stellar Lumens 2025. Everyone wanted to know what the future holds for Stellar Lumens XLM. Stellar received additional exposure after the Coinbase stellar collaboration for a drop of air. IBM also announced that it would use the Stellar blockchain for its World Wire project. While these things did affect Stellar’s price in the short term, they didn’t seem to affect Stellar Lumens’ price prediction in the medium term (at least not as far as we’ve seen).

Stellar (XLM) Price Today – XLM / USD

At the time of writing, the current price of Stellar Lumens was $ 0.094451. This means it is down 2.81% against the USD and 2.63% against the price of BTC. The trading volume over a 24 hour period is $ 210,911,984 and the market capitalization is $ 1,809,945,463. Meanwhile, XRP, its rival cryptocurrency, suffers the same fate. XRP has been performing poorly for months. At the time of writing, the price for XRP was $ 0.300278. It is down 0.62% against the USD and 0.53% against the price of BTC. The trading volume over a 24 hour period is $ 935,736,557 and the market capitalization is $ 12,651,686,001. If the price of XRP continues to fall, it will lose support at $ 0.30 again.

Stellar Lumens News Today – Stellar Lumens Price Prediction – Why is XLM Price Falling?

As the price of XRP began to drop against the USD, some analysts suggested that this drop in price was a direct result of increasing competition from JPM Coin and other similar services. If so, there is a high possibility that the same will affect the price of XLM. You see, XLM and XRP are both referred to as bank coins because they have similar use cases. Increased pressure affecting the price of XRP can also affect the price of XLM.

XRP (XRP) Price Today – XRP / USD

There is also another theory that the price of XLM is falling because it is looking for a floor. Once it hits the bottom, a spike will follow. On the other hand, we initially said that the Coinbase Stellar Airdrop and other airdrops from the Stellar Development Foundation will have a negative impact on the price of XLM due to an increase in circulation. This is another possible reason for the token’s poor performance.

What do you think of the XLM price prediction in our XLM news today? Will the price of XLM rise or fall against the USD in the short term? Share your thoughts in the comment section.

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