Stellar Lumens news today is about a Stellar Lumens price analysis that anticipated a bullish breakout for Stellar if the golden cross on the price chart is fruitioned. The Stellar price prediction has been bullish since the beginning of the year but the Stellar community became particularly interested in the golden cross right after the Stellar Coinbase listing. The Coinbase Stellar airdrop also contributed to the positive sentiment in the market. The price of Stellar has done well for the past few months but it is nothing compared to what is to come according to the latest Stellar Lumens price analysis.
Stellar Lumens News Today – Stellar Lumens Price Analysis – XLM Spike From Stellar Airdrop Was Just The Beginning
According to a Stellar price analysis on Cryptodaily, the price of Stellar will soon trigger a golden cross that is going to pave a way for higher highs mid-term. The technicals reveal that the price of Stellar is rallying towards the 200 day EMA. You’ll recall that it was only when the price of Bitcoin, the flagship cryptocurrency, broke the 200 day EMA that it was able to move above the $5000 level and has been bullish since then. So, the same thing is going to happen to Stellar as long as it crosses the 200 day EMA.
Stellar (XLM) Price Today – XLM / USD
While this is going to happen, there is no guarantee that it would happen anytime soon. However, as long as the price of Stellar continues to consolidate and positive Stellar Lumens news like the Stellar airdrop and other efforts by the Stellar development foundation continue, the chances of crossing this level will keep increasing. Crossing above the 200 day EMA is going to drive Stellar to the spot light. The price of the Stellar Lumens token will rise significantly against the USD.
At the time of writing, Stellar Lumens was trading at $0.116860. This means that it is up by 0.59% against the USD and down by 1.03% against the price of BTC. The trading volume over a 24 hour period is $250,085,476 and the market capitalization is $2,262,822,395. The Stellar to Bitcoin trading pair still gives enough room for an upward rally.
Stellar Lumens News Today – Fundamentals That Support The Stellar Lumens Price Prediction 2019
There are many factors that will support the price of Stellar long-term. One of them is the Stellar Coinbase listing. Coinbase is the most popular cryptocurrency exchange in the United States and it is only known to list tokens that have potential. Getting listed on Coinbase also promotes exposure for a token. The Coinbase Stellar airdrop is also another factor that will promote the adoption of the Stellar XLM token.
About a month ago, IBM announced that it would be using the Stellar blockchain for a new project with its partner banks. This was major Stellar Lumens news and it is going to support a long-term rise in the price of the token. Everyone expected that IBM would use Ripple for the project but it decided to use Stellar instead. This is in line with the recent research that showed that institutional investors prefer the Stellar blockchain to the Ripple blockchain.
What do you think about the Stellar Lumens news today? Will the price of Stellar increase significantly after it crosses the 200 day EMA? Kindly share your thoughts in the comment section.