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Stellar News

Why Stellar (XLM) Hasn’t Notably Increased In Price This Year?

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Why Stellar XLM
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If there is one cryptocurrency which has not been featured in our coming altcoin news for its strong performance and big gains over the past month it has to be Stellar (XLM). If you are asking yourself why Stellar is falling behind many other altcoins and not mimicking their gains – the answers may surprise you.

What’s true is that even with the latest run, XLM is in the green but did not rise considerably high as most of the altcoins. After a “stellar” year in 2018, there are many people asking why Stellar can’t repeat the same price movement and why is it lagging behind.

According to analysts in the altcoin news, Stellar (XLM) regularly grabbed headlines by outperforming the rest of the crypto market – which is the exact reason why Stellar is underperforming this year.

Yes. The truth is, while the rest of the market declined from summer to winter, XLM’s value actually increased. And not many people following the latest cryptocurrency news know that. Within the space of only a few months, Stellar was picked by IBM for its use in its World Wire cross border payments platform. The altcoin was also added to Circle’s list of investable digital assets – but also officially teased by Coinbase as one of the featured coins the exchange was considering to list.

This was accompanied by a rumor regarding Facebook’s use of Stellar for its own proprietary blockchain. One article featured in the New York Times mentioned that Stellar creator Jed McCaleb is among the ten people “leading the blockchain revolution.” So, all of these may be reasons why Stellar was big before and is lacking serious movement now.

It’s true that the roles are reversed now and that Stellar’s growth in 2018 was a lot more popular than now. By September, XLM had overtaken EOS in 5th place enjoying the status of a hot altcoins, as the best cryptocurrency news sites then described it.

Yet, XLM has fallen to number 12 in July this year and is down over 9% against the USD since January. While Bitcoin is up by more than 200% this year, Stellar is in the minus – its performance against the most dominant cryptocurrency is at a staggering minus of 69%.

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Stellar News

Stellar Advances Its Struggle For One More Day With A 4% Decline

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Stellar advances its decline at the start of another day with a decline of 4.27 percent over the past 24 hours. The value against the USD has reached 0.062 USD and shoed three major price swings between the 0.065 and 0.062 range as we are about to read further in the XLM news today.Stellar’s first swing started at the beginning of the opening and over the next 6 hours and 35 minutes it got down to 0.062017 USD after a 4.88% loss. It was followed by a hike of 2.98 percent that added 0.001850 USDT. The last variation happened between 19.14 UTC and 02:16 UTC today and the value weakened towards the closing of the day when the last swing took 0.001 USD away from the value and pushed it to 0.06246 USD. The market capitalization of XLM was also hit by yesterday’s market sentiment and over the past 24 hours, the market cap got down to 1.266 billion USD.The current price shows Stellar advances its decline and reached 0.062411 USD and the 50 days average stands at 0.062031 USD. The 20-day average is currently at 0.061494 USD and the current value is standing at $0.61% and 1.49 percent higher than the 50 days average and 20 days average respectively. XLM’s next stop may come at 0.064 USD. Stellar’s price is dealing with the bearish trend but the day started actually with a bullish trend so the market was showing some positive signs. Also, the price started moving down and now it is trading around $0.062.The market is making volatility since the start of the month and despite the heavy fluctuation in the price, Stellar is trying to make a moderate profit. Over the past seven days, XLM reached a high of $0.065527 and a low of $0.05903. the price was trading around $0.067 yesterday and there were a slight drop and a massive jump later. The counters reached $0.0649 from the previous $0.0610 by 6.34 percent. Later, there was also a moderate drop of 1.49 percent that brought the price to $0.0610 by 6.34%. With a few ups and downs, the day ended at $0.0652 making an intraday price movement at 5.56 percent. Today, the price of the cryptocurrency is recording a notable fall as the price is still moving to $0.0617.
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Stellar News

Stellar’s Price Expected To Reach A Profitable Intraday Closing

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Stellar’s price is expected to take a distinctive walk in on the market as the opening hours showed a heavy drop in the price accounting for almost 2.65 percent fall which seems to have disappeared as of now. In the XLM news today we can see that the current price movement is showing noticeable speed and we could be seeing a profitable close in the short term.Stellar’s price was dealing at a high of $0.064837 yesterday and a low of $0.061611. At the beginning of August, the price was trading at $0.0867 as a starting point and later the XLM coin was seen dropping further until it reached a price of $0.0626 by the month-end marking a regression of 25 percent. Also in September, Stellar managed to keep the downtrend intact and this led the price to go to $0.059 from the previous $0.062 by 5.99 percent.Later, the price jumped to $0.090 from the previous $0.059 marking a decent progression of 52 percent. Going further, the price slipped to $0.0525 by 42.63 percent and this escalation in price took place over the last few days of the month when the price moved from the $0.0525 to $0.0623 by 18.70 percent. During the same month, the price of the Stellar cryptocurrency hit a few bumps on the road when the counters jumped from $0.0623 to $0.665 which is an increase of 7.25 percent.It seems like the immediate resistance level is achievable and the price can be expected to breach the next level as well. The improvements in the price are quite relieving and the future of investment in the XLM token holds high expectations. The traders are willing to see some high profits in the upcoming days and it seems like they will get them. The XLM coin is considered volatile in terms of movement but the recommendation for Stellar and the price of the cryptocurrency is long-term as the short-term is quite dicey as of now. It will be interesting to see how the price shifts in the next period with all of the major developments currently on the market. Stellar had a good summer regarding the price and now we have to wait to find out what the winter brings for the crypto market.
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Altcoin News

Altcoins Look Energized As XRP, XLM And ZRX Dust Bitcoin Off

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Tuesday shows that this is another day of inactivity and consolidation for Bitcoin which kept the king of cryptocurrencies just above the support line. The lethargy of Bitcoin (BTC) resulted in another dip in the market share as a few of the altcoins start making bigger moves. The altcoins look energized and feature rises initiated by the XRP token by Ripple, the Stellar Lumens (XLM) native cryptocurrency and 0x (ZRX).All began with the Ripple news, which coincided with the brief touches of $8,400 for BTC over the past 24 hours. Clearly, there are many bears lurking here and the resistance is proving too strong for another day. On the low side, we can see that BTC dropped to $8,240 but recovered in the $8,300 region again. The Ripple token benefited from this consolidation period and made over 11% gains since the weekend, adding half of the gains today as the coin approaches strong resistance.Altcoins look energized right now, and XRP is not the only one. Even though it is one of the day's top performing digital assets as it hit $0.298 this morning, the Stellar Lumens news show that XLM is also in a bullish momentum.As usual, when XRP moves, the little brother named XLM follows. Over the past 24 hours, Stellar's Lumens (XLM) token climbed to $0.065 and is way down from previous highs with a long way to go. The momentum built around Stellar (XLM) is likely to mimic Ripple as both altcoins look energized right now.There is only a little cause for the fundamental drive behind XLM at the moment, so the Swell event could be beneficial for it, too. Stellar is right now ranked tenth in terms of market cap which has reached $1.3 billion today.Last but not the least in the big movers as altcoins look energized is 0x (ZRX). The cryptocurrency made a larger 10% jump to reach $0.337 recently, and the daily volume for the DEX protocol token doubled to $64 million as it creeps back up the market cap and outperforms the altcoins around it.From everything, we can conclude that Bitcoin's slowdown is finally starting to benefit some of the altcoins. XRP, XLM and ZRX are obviously the leaders today.
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Ripple News

Crypto Trader Says He Is “Immediately Bullish” On Ripple’s XRP

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A crypto trader named 'NebraskanGooner' reently published the list of cryptocurrencies that, in his opinion, are heading for bigger price gains. The crypto trader says that he is immediately bullish on Ripple's XRP token and that Stellar (XLM) will follow.You can check out his tweet below.https://twitter.com/nebraskangooner/status/1183566561451356160As the recent crypto news show, Ripple's XRP is in the focus because of its recent surge that was triggered by a couple of other coins, too. In fact, XRP is the hottest topic on crypto Twitter right now.Another trader recently predicted that the third biggest cryptocurrency was on the verge of its biggest moment throughout the year which is weeks ahead of the Ripple's Swell event that is slated for November 7 and November 8. As we can see in the tweet, the crypto trader says that Basic Attention Token (BAT), Binance Coin (BNB) and Chainlink (LINK) are all in the focus.In the meantime, another crypto trader says that XRP hitting $589 would be the best Christmas gift for him. Even though this is quite unrealistic, the trader @TheCryptoDog got a lot of support on Twitter.https://twitter.com/TheCryptoDog/status/1183612211836657665'NebraskanGooner' also states that Stellar (XLM) is very likely to follow the XRP price action. As the XRP news today show, the coin is still in a bullish momentum and may drag XLM along with it, the crypto trader says.What we can see is that on September 18, the XLM price increased by an eye-popping 40% which greatly outperformed the rest of the coins and seemed attractive to many new traders. However, the gains immediately vanished after a huge market crash took place on September 24.Other notable altcoins that piqued the trader's interest include the Basic Attention Token (BAT), Binance Coin (BNB) and Litecoin (LTC). Chainlink is also among the hottest crypto tokens right now and the hottest coin last week - featured in the news as "an attractive buying opportunity" for many traders.Meanwhile, the market shows green today. For Bitcoin (BTC), the situation remains unchanged while Ethereum (ETH) is rising by 0.90% followed by Ripple and its 4.32% run. Litecoin (LTC) and EOS (EOS) are rising by 1% and Binance Coin (BNB) is up by 2.71%, accordingly.
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