Is Stellar Lumens good crypto to buy now after the recent dip?

2022-7-15 21:05

Stellar Lumens is 87% below its ATH.

The cryptocurrency brings together the global financial systems to blockchain.

Stellar token XLM is yet to find a bottom.

Stellar Lumens XLM/USD trades slightly above $0.1. Compared to its all-time high of around $0.79 in May 2021, that represents a decline of 87%. This thesis answers the key question of whether investors are good at buying Stellar Lumens at low prices.

Stellar Lumens prides itself on being an open network for safe custody and transfers of money. The platform simplifies the process used to create, transfer, and trade all forms of digital money. That also includes dollars, pesos, and Bitcoin. The network aims to enable all the global financial systems to work together.

Undoubtedly, as digital payments grow, Stellar Lumens will follow suit. This was evident early last month when Novatti Group onboarded Stellar for a new stablecoin. Stellar, alongside Ripple, was selected by the international payments network for the project. The stablecoin will be pegged to the Australian dollar. Last year, Stellar also partnered with payments giant MoneyGram. The partnership will let customers convert their digital money into cash. Such developments highlight the vital role of Stellar and its native token XLM in blockchain.

Stellar Lumens continue downtrend

Source – TradingView

From the weekly chart, Stellar Lumens is yet to find a bottom price. An RSI reading of 31 suggests the cryptocurrency is oversold. However, the token is yet to find support which currently sits at $0.07. We do not think it is yet time to buy Stellar Lumens, although the current level remains attractive. The price will potentially slide lower to find the next support at $0.07.

Summary

Stellar Lumens lacks a catalyst for a potential rally. The cryptocurrency remains viable in line with the growth in digital payments and blockchain. The recent plunge may continue until the cryptocurrency reaches $0.07.

The post Is Stellar Lumens good crypto to buy now after the recent dip? appeared first on CoinJournal.

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Stellar (XLM) на Currencies.ru

$ 0.1089 (+0.01%)
Объем 24H $55.276m
Изменеия 24h: 2.35 %, 7d: 2.59 %
Cегодня L: $0.1089 - H: $0.1089
Капитализация $3.153b Rank 35
Цена в час новости $ 0.1078 (1.02%)

stellar lumens recent dip good crypto buy

Источник: coinjournal.net

stellar lumens → Результатов: 126


Stellar Lumens (XLM) Strongly Correlates with XRP: Here’s the Next Price Target

Stellar Lumens (XLM), a cryptocurrency platform that focuses on remittance and cross-border payments, has been making waves in the crypto market. The platform aims to provide low-cost financial services to people of all income levels, with a particular focus on the Distributed Exchange feature that allows users to liquidate or exchange their funds for other […] The post Stellar Lumens (XLM) Strongly Correlates with XRP: Here’s the Next Price Target appeared first on CaptainAltcoin.

2023-7-19 11:16


Цена Stellar Lumens выросла на 7,3% после объявления IBM World Wire

Stellar Lumens недавно был задействован в блокчейн-решении IBM World Wire, которое использует технологию для устранения посредников, участвующих в трансграничных денежных переводах. После объявления цена Stellar Lumens выросла на 7,3 процента.

2019-3-20 11:39


Фото:

How Does Coinbase Exploring Stellar Lumens Impact Ripple XRP?

Stellar Lumens (XLM), Ripple (XRP)–The massive Coinbase announcement that came out on Friday has created a stark divide for several cryptocurrency communities. Published in a press release on the official Coinbase blog, the company confirmed that they are “exploring” five new cryptocurrencies–Stellar Lumens (XLM) the largest by market capitalization–with the potential to be added to […] The post How Does Coinbase Exploring Stellar Lumens Impact Ripple XRP? appeared first on Ethereum World News.

2018-7-16 00:26


Фото:

Kraken посмеялась над анонсом листинга Cardano и ZCash на Coinbase

Вчера биржа Coinbase объявила о намерении добавить в листинг пять новых монет: Cardano, Basic Attention Token (BAT), Stellar Lumens (XLM), ZCash (ZEC) и 0x (ZRX). Представитель биржи отметил, что в первое время торговать ими смогут жители нескольких стран, в число.

2018-7-15 19:00


Фото:

Coinbase объявила о листинге ещё пяти криптовалют. В Kraken шутят по этому поводу

Одна из популярных криптовалютных платформ Coinbase готовится добавить поддержку Cardano, Basic Attention Token, Stellar Lumens, Zcash и 0x. Это спровоцировало шутливый твит команды биржи Kraken.

2018-7-15 16:57


Coinbase announces potential listing of Cardano [ADA], Stellar Lumens [XLM], Zcash [ZEC] and 0x [ZRX]

On 13th July, Coinbase announced that they are exploring the addition of Cardano [ADA], Basic Attention Token [BAT], Stellar Lumens [XLM], Zcash [ZEC] and 0x [ZRX] to the platform. Coinbase’s tweet | Source: Twitter Coinbase confirmed that they will be working with local banks and regulators to add its new assets in as many jurisdictions […]

2018-7-15 15:20


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