XLM Price Analysis June 2022

XLM is a coin of the platform Stellar. Its current price is around $0.127 by the time of writing, with a low of $0.1008, and its market cap is 3.1 billion dollars.

What is Stellar?

Stellar is an open-source, decentralized payments network that uses blockchain technology. Users can send funds with low fees and quickly, without showing a preference for any national currency. Stellar is a platform that can be used to transact money in digital form. This covers any payment, including traditional values such as USD, and peso, besides newer forms of value like bitcoin. The system also facilitates cross-border payments, simplifying the process for anyone worldwide.

What is XLM?

XLM is the coin of the Stellar platform, which is around $0.127 by the time of writing, with a low of $0.1008. It reached a high of $0.4403, and its current ranking is #24 according to CoinMarketCap, with a market cap of 3.1 billion dollars. Stellar Lumens is a market-cap ranked cryptocurrency trading under the symbol XLM. It’s one of the most trusted cryptos around.

XLM Coin Market Analysis 

XLM has a total supply of 50,001,787,724 coins worth around $0.127 with a market volume of 209 million dollars, whereas the market capitalization is 3.1 billion dollars at writing. 

XLM Price Prediction

A stellar cryptocurrency is a good form of cryptocurrency, especially since its low fees, quick transactions, and secure environment make it more desirable than many other forms.

On the 1D timeframe, the price action of $XLM/USDT has broken the resistance trendline of descending triangle and going to its major horizontal resistance zone.

Xlm Price Analysis June 2022

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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