Stellar has recently announced Mike Kennedy as the new CEO of the organization.
Further, Keybase, a well-known crypto wallet, announced the biggest XLM airdrop of all time. According to an estimate, it is airdropping around 2B XLM for the next 20 months, 100M XLM each month, to its users.
Current Statistics of stellar:
- On September 15, at UTC 07:45, Stellar (XLM) was trading around $0.0588
- Additionally, it is ranked at 12th place in the list of top 100 coins
- The 24-hour volume was $151,861,244 with a return on investment of 1,830.92%
- At the above mentioned time, the market capitalization of XLM was $1,153,971,099
- Further, a total of 20,083,652,610 XLM were circulating in the market, at the time of writing
- Along with that, Stellar against Bitcoin was valued around 0.00000556 BTC
Stellar Price Comparison:
Let’s have a look at the price movement of the XLM coin over a period of 25-days. On August 19, Stellar Lumens was spotted at $0.0715. However, from this price point, its value dipped by a margin of 17.76%. In a week’s trading, the currency broke down by 3.83% from $0.06118 on September 09.
Stellar Price Prediction:
In the intraday trading, Stellar (XLM) has shown a strengthening of more than 1.5% and further moving positively. As per the past performance and the current momentum, the altcoin will touch the $0.5 mark soon. For now, the immediate resistance for the XLM crypto is at $0.0597, and a support level is at $0.0562.
Conclusion:
As of now, the action in Stellar is almost flat. Although the coin holds bearish influence, it is moving moderately upwards. At present, the short-term trend for the Stellar crypto is bearish. However, as per XLM forecast, the long and medium terms are moderately bullish.