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Stellar Lumens (XLM) Price Prediction and Analysis in June 2020


We will be examining some of the market opinions and historical prices for Stellar Lumens in order to compile an XLM price prediction for this June.

Stellar Overview

xlm coin

XLM is the native crypto of the Stellar Lumens platform and is currently ranked 13th according to a market capitalization of $1,386,517,364, with $468,121,259 worth of XLM being traded in the past 24-hour period. There are 20,249,923,124 XLM coins in circulation out of a total supply of 50,001,803,849 XLM. The current price of Stellar is $0.068470, with an increase of 3.21% in the last 24-hour period.

Stellar Lumens (XLM) Price Prediction: Analysis

XLM started May at a price of $0,067782 with positive momentum, as on May 3rd the coin was trading at $0.076.

The coin traded mostly between $0.071 and $0.074 up until May 10th, when XLM dropped below the $0.07 support level, trading at $0,061108. On May 11th, XLM traded between $0.061 – $0.065.

But on May 12, the market has started picking up, with XLM mostly trading very close to $0.07.

Stellar reached about $0.070 on May 13, and then the bullish momentum saw a breakout there before going back down to $0.068. The coin then recovered back to $0,070700 the following day, but once again fell to $0,069082.

Stellar (XLM) Price News

In the next two days, XLM traded below $0.07, and from May 17th, it started again its pattern of fluctuating below and back up to $0.07.

The pricing graph of May 18th showed that XLM was going through a significant bearish movement as it broke below the important resistance level of $0.070. The next day, prices went back to test $0.07, but failed to sustain any further increase and dropped back to $0,068.

Screenshot (5)

The calculated pivot, resistance, and support levels by WalletInvestor are:

  • Resistance Level (R3): 0.0715
  • Resistance Level (R2): 0.07084
  • Resistance Level (R1): 0.07011
  • Pivot Point: 0.0694
  • Support Level (S1): 0.0687
  • Support Level (S2): 0.0680
  • Support Level (S3): 0.0672

Developments

Recently in May, Voyager Digital Canada, Ltd., a public, licensed crypto broker revealed that they would be adding support for Stellar Lumens (XLM), as well as Ripple (XRP), EOS (EOS), OmiseGo (OMG), and ZRX (0x) to generate interest on the Voyager App. The Company also stated that they plan on introducing recurring buys to the App in May.

Stellar announced that they will be investing $5million into Abra, a popular crypto wallet and exchange app for mobile users. The money will be allocated from Stellar’s Stellar Development Fund.

Stellar expects this investment to promote “greater avenues of growth” for the XLM network after integrating Abra.

“This investment marks the beginning of our partnership to work together towards creating equitable access to financial services that also create new, innovative business opportunities for the Stellar network,” – said Denelle Dixon (CEO and Executive Director of the Stellar Development Foundation)

“As we integrate with Stellar, we’re going to be able to build the next generation of banking, leveraging the network’s ability to use traditional banking infrastructure combined with the innovative opportunities of blockchain technology,” – stated the CEO of Abra, Bill Barhydt.

The National Bank of Ukraine revealed that they are amidst creating a central bank digital currency (CBDC), called e-hryvnia, based on the blockchain technology of Stellar Lumens.

“The decision was made after one of the project’s participants suggested to provide free-of-charge a ready-made basic solution of such a system to be used in the project on the Platform’s implementation with an option to finalize that basic solution in line with the requirements that would be established at the preparation phase of the Platform’s implementation,” – read the financial report.

Stellar Lumens Price Prediction: Market Opinion for June 2020

As several crypto media outlets have issued their own XLM price prediction for June 2020, we will be featuring some of the most relevant ones so that you can have a general idea of the market sentiment for Stellar.

Digitalcoinprice

Digitalcoinprice’s XLM price prediction for June places the coin at a trading price of $0.14188504, marking a change of 101.91%.

Previsionibitcoin

Previsionibitcoin forecasted that Stellar will have a value of $0.128557 in the month of June.

Longforecast

Longforecast expects XLM to trade at $0.069 at the start of June. The maximum price was calculated at $0.083, while the lowest value has been calculated at around $0.060. The month’s average price was estimated at $0.070. The closing value for the coin was projected around $0.068, change for June -1.4%.

Gov.capital

Gov.capital’s XLM price prediction for June 1st lists an average price of $0.0717, with a minimum possible price of $0.060945 and a maximum possible price of $0.082455. The site also made predictions for the rest of the days of June.

Calendar date Regular Least possible price Best possible price
2020 June
2020 June 01, Monday  0.0717  0.060945  0.082455
2020 June 02, Tuesday  0.0738  0.06273  0.08487
2020 June 03, Wednesday  0.0761  0.064685  0.087515
2020 June 04, Thursday  0.0657  0.055845  0.075555
2020 June 05, Friday  0.0614  0.05219  0.07061
2020 June 06, Saturday  0.0643  0.054655  0.073945
2020 June 07, Sunday  0.0677  0.057545  0.077855
2020 June 08, Monday  0.0651  0.055335  0.074865
2020 June 09, Tuesday  0.0615  0.052275  0.070725
2020 June 10, Wednesday  0.0540  0.0459  0.0621
2020 June 11, Thursday  0.0497  0.042245  0.057155
2020 June 12, Friday  0.0482  0.04097  0.05543
2020 June 13, Saturday  0.0439  0.037315  0.050485
2020 June 14, Sunday  0.0457  0.038845  0.052555
2020 June 15, Monday  0.0484  0.04114  0.05566
2020 June 16, Tuesday  0.0464  0.03944  0.05336
2020 June 17, Wednesday  0.0475  0.040375  0.054625
2020 June 18, Thursday  0.0468  0.03978  0.05382
2020 June 19, Friday  0.0462  0.03927  0.05313
2020 June 20, Saturday  0.0460  0.0391  0.0529
2020 June 21, Sunday  0.0462  0.03927  0.05313
2020 June 22, Monday  0.0422  0.03587  0.04853
2020 June 23, Tuesday  0.0375  0.031875  0.043125
2020 June 24, Wednesday  0.0338  0.02873  0.03887
2020 June 25, Thursday  0.0354  0.03009  0.04071
2020 June 26, Friday  0.0339  0.028815  0.038985
2020 June 27, Saturday  0.0288  0.02448  0.03312
2020 June 28, Sunday  0.0285  0.024225  0.032775
2020 June 29, Monday  0.0253  0.021505  0.029095
2020 June 30, Tuesday  0.0298  0.02533  0.03427

Coinpredictor

Coinpredictor’s XLM price prediction for June is a price of $0.042597, with a change of -43.7%.

30rates

30rates made an XLM price prediction for each day of the month of June (without the weekends), with the average, minimum, and maximum values.

06/01 Monday $0.073 $0.083 $0.078
06/02 Tuesday $0.071 $0.081 $0.076
06/03 Wednesday $0.063 $0.073 $0.068
06/04 Thursday $0.062 $0.072 $0.067
06/05 Friday $0.062 $0.072 $0.067
06/08 Monday $0.064 $0.074 $0.069
06/09 Tuesday $0.062 $0.072 $0.067
06/10 Wednesday $0.061 $0.071 $0.066
06/11 Thursday $0.061 $0.071 $0.066
06/12 Friday $0.060 $0.068 $0.064
06/15 Monday $0.061 $0.071 $0.066
06/16 Tuesday $0.066 $0.076 $0.071
06/17 Wednesday $0.061 $0.071 $0.066
06/18 Thursday $0.064 $0.074 $0.069
06/19 Friday $0.065 $0.075 $0.070
06/22 Monday $0.071 $0.081 $0.076
06/23 Tuesday $0.071 $0.081 $0.076

Bitverzo

Bitverzo predicted that XLM will open June at a price of $0.021798, with a minimum value of $- 0.073535 and a maximum expected value of $0.119344. The site also posted predictions for the rest of the days of June.

Date Average Low High
Monday, June 1, 2020 0.021798 -0.073535 0.119344
Tuesday, June 2, 2020 0.019032 -0.076010 0.127726
Wednesday, June 3, 2020 0.022379 -0.067661 0.116683
Thursday, June 4, 2020 0.020391 -0.071587 0.125279
Friday, June 5, 2020 0.021729 -0.071923 0.128358
Saturday, June 6, 2020 0.023225 -0.066343 0.129645
Sunday, June 7, 2020 0.022538 -0.074629 0.120831
Monday, June 8, 2020 0.020578 -0.069932 0.120794
Tuesday, June 9, 2020 0.015877 -0.079187 0.116346
Wednesday, June 10, 2020 0.017069 -0.072006 0.118809
Thursday, June 11, 2020 0.012771 -0.074374 0.118365
Friday, June 12, 2020 0.011709 -0.076974 0.117092
Saturday, June 13, 2020 0.010788 -0.083599 0.112062
Sunday, June 14, 2020 0.007736 -0.084811 0.115208
Monday, June 15, 2020 0.003534 -0.087765 0.111336
Tuesday, June 16, 2020 -0.003222 -0.099384 0.097518
Wednesday, June 17, 2020 -0.003834 -0.093475 0.098459
Thursday, June 18, 2020 -0.009630 -0.102019 0.101081
Friday, June 19, 2020 -0.011836 -0.107552 0.086902
Saturday, June 20, 2020 -0.013509 -0.107486 0.085546
Sunday, June 21, 2020 -0.016891 -0.110449 0.091473
Monday, June 22, 2020 -0.020983 -0.117313 0.087985
Tuesday, June 23, 2020 -0.027182 -0.110432 0.066403
Wednesday, June 24, 2020 -0.026791 -0.109078 0.078051
Thursday, June 25, 2020 -0.031156 -0.115271 0.077170
Friday, June 26, 2020 -0.031525 -0.119764 0.067706
Saturday, June 27, 2020 -0.030990 -0.126739 0.072548
Sunday, June 28, 2020 -0.031838 -0.125011 0.065888
Monday, June 29, 2020 -0.033118 -0.131681 0.073384
Tuesday, June 30, 2020 -0.036284 -0.126771 0.068865

Tradingbeasts

Tradingbeasts forecasted that XLM will be around $0.0829753 at the start of June 2020. The month’s highest anticipated price is $0.1021095, with the least anticipated price of $0.0694344. The Stellar closing price prediction for the end of the month is $0.0816876, with a change of 15.85%.

Stellar Lumens Price Prediction: Verdict

We have reached the end of our XLM price prediction for June 2020.  From what information we have gathered, it seems that Stellar Lumens is expected to further increase in price in the upcoming month. We hope that the information we have provided in this article will be of help to you in creating your own trading predictions.

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