We will be looking at some Stellar Lumens‘ market opinions and historical prices to develop an XLM price prediction for this May.
XLM is the native crypto of the Stellar Lumens platform and is currently ranked 12th according to a market capitalization of $1,290,582,058, with $1,007,818,187 worth of XLM being traded in the past 24-hour period. There are 20,291,399,322 XLM coins in circulation out of a total supply of 50,001,803,874 XLM. The current price of Stellar is $0.063602, with an increase of 10.02% in the last 24-hour period.
Stellar Lumens (XLM) Price Prediction: Analysis
The entire month has been going through a bearish period. Most cryptocurrencies experienced a gradual drop every day.
The Stellar Lumens month-long price movement shows a decrease of 45% in price. At the start of the month, Stellar lumens showed significant price recovery signs by surpassing the major price level of $0.040. But the coins failed at that time to surpass the $0.043 resistance, once again pushing the coin back down to crucial mark of $0.040.
In the past week, Stellar Lumens showed a modest positive movement, but then hit a low at $0.045 on April 16. From then, XLM suddenly shot up to $0,049125, and in the next days, it reached the $0.05 mark once again. But the coin did not manage to maintain these gains and feel back to $0.049.
The next days, XLM was fighting to get over $0.05, but traded mostly between $0.048 and $0.049.
XLM which had support at $0.050 shot up to $0.056, but the markets pushed down to $0.054.
If the coin manages to stay above the $0.053 level, this might show the start of a bullish recovery. Any drops under $0.050 might lead to a downward trend.
The calculated pivot, resistance, and support levels by WalletInvestor are:
Resistance Level (R3): 0.0543
Resistance Level (R2): 0.0530
Resistance Level (R1): 0.0521
Pivot Point: 0.05091
Support Level (S1): 0.0500
Support Level (S2): 0.0488
Support Level (S3): 0.0479
Stellar Lumens has been working hard to create many tools for its project and develop useful options for the community.
They have set a clear mandate to follow, and they are well aware of how it is essential to reprogram the way money moves.
A tweet made by Stellar read: “Are stablecoins and synthetic fiat like USDC or USDT transitionary assets on the road to the mass adoption of cryptocurrency, or are they here to stay as important products?”
Denelle Dixon, CEO and Executive Director of the foundation, also tweeted: “Here’s to a more just, more generous, and more democratic America.”
Crypto expert Sydney Ifergan, posted: “Stellar Lumens (XLM) Foundation and the Community have been making a great difference by their recent partnerships on the network, this leaving a positive impact in the world supporting common causes.”
Stellar has been matching XLM donations made to TOR and five other non-profits. The TOR project received almost 20% of its individual donations via cryptocurrency, and Stellar match XLM donations for nearly six non-profits throughout April.
Sarah Stevenson, Fundraising Director for TOR, stated in his tweet: “Thanks again to @StellarOrg for sponsoring this match to @torproject ! We are seeing a boost in donations via other cryptocurrencies as well! Currently, cryptocurrency donations make up 20% of our contributions from individuals. You rock!”
Stellar has been establishing important technical partnerships over the last quarter and has been involved in several initiatives that are about fighting the coronavirus.
The technical director of the Cowrie crypto exchange, Gbubemi Agbeyegbe, stated that they will use Stellar Lumens to establish a payment corridor for Nigeria.
Stellar Lumens Price Prediction: Market Opinion for May 2020
As usual, we will be including a list of some of the crypto media outlets that made their own XLM price prediction for May 2020, in order to provide a more well-rounded image of the market sentiment for Stellar.
Digitalcoinprice’s XLM price prediction for May sees the coin trading at $0.10661522, marking an increase of 97.24 %.
Previsionibitcoin predicted that Stellar will be changing hands at $0.08511 in the month of May.
Longforecast expects XLM to trade at $0.055 in early May, which has so far been pretty accurate. The maximum anticipated price is $0.072, while the lowest value has been calculated at around $0.046. The month’s average price was set at $0.058. The closing value for the coin was expected at around $0.059, change for May 7.3%.
Gov.capital’s XLM price prediction for the start of May is that the coin will have an average price of $0.0659, with a minimum possible price of $0.056015 and a maximum possible price of $0.075785. The site also made predictions for the rest of the days of May.
|Calendar date||Regular||Least possible price||Best possible price|
|2020 May 01, Friday||0.0659||0.056015||0.075785|
|2020 May 02, Saturday||0.0728||0.06188||0.08372|
|2020 May 03, Sunday||0.0720||0.0612||0.0828|
|2020 May 04, Monday||0.0712||0.06052||0.08188|
|2020 May 05, Tuesday||0.0686||0.05831||0.07889|
|2020 May 06, Wednesday||0.0635||0.053975||0.073025|
|2020 May 07, Thursday||0.0633||0.053805||0.072795|
|2020 May 08, Friday||0.06035||0.0512975||0.0694025|
|2020 May 09, Saturday||0.0558||0.04743||0.06417|
|2020 May 10, Sunday||0.0555||0.047175||0.063825|
|2020 May 11, Monday||0.0417||0.035445||0.047955|
|2020 May 12, Tuesday||0.0439||0.037315||0.050485|
|2020 May 13, Wednesday||0.0554||0.04709||0.06371|
|2020 May 14, Thursday||0.0585||0.049725||0.067275|
|2020 May 15, Friday||0.06074||0.051629||0.069851|
|2020 May 16, Saturday||0.0587||0.049895||0.067505|
|2020 May 17, Sunday||0.0526||0.04471||0.06049|
|2020 May 18, Monday||0.0491||0.041735||0.056465|
|2020 May 19, Tuesday||0.0522||0.04437||0.06003|
|2020 May 20, Wednesday||0.0536||0.04556||0.06164|
|2020 May 21, Thursday||0.0659||0.056015||0.075785|
|2020 May 22, Friday||0.0596||0.05066||0.06854|
|2020 May 23, Saturday||0.05019||0.0426615||0.0577185|
|2020 May 24, Sunday||0.0513||0.043605||0.058995|
|2020 May 25, Monday||0.0528||0.04488||0.06072|
|2020 May 26, Tuesday||0.0514||0.04369||0.05911|
|2020 May 27, Wednesday||0.05033||0.0427805||0.0578795|
|2020 May 28, Thursday||0.0475||0.040375||0.054625|
|2020 May 29, Friday||0.0467||0.039695||0.053705|
|2020 May 30, Saturday||0.0543||0.046155||0.062445|
|2020 May 31, Sunday||0.0543||0.046155||0.062445|
WalletInvestor estimated that in the first days of May, XLM will be trading with the following average prices, and daily minimum and maximum values.
|Date||Price||Min Price||Max Price|
Coinpredictor’s XLM price prediction for May sees the coin increase by 32.1%, which would put Stellar at a value of $0.054557.
30rates made an XLM price prediction for each day of the month of May (without the weekends), with the average, minimum, and maximum values.
Bitverzo predicted that XLM will have an opening price for May of $0.073052, with a minimum value of -$0.019078 and a maximum expected value of $0.177674. The site also posted predictions for the rest of the days of May.
|Friday, May 1, 2020||0.073052||-0.019078||0.177674|
|Saturday, May 2, 2020||0.075698||-0.014109||0.176921|
|Sunday, May 3, 2020||0.075800||-0.009367||0.179519|
|Monday, May 4, 2020||0.074320||-0.020423||0.179243|
|Tuesday, May 5, 2020||0.069834||-0.021999||0.176225|
|Wednesday, May 6, 2020||0.071030||-0.018147||0.174403|
|Thursday, May 7, 2020||0.066570||-0.025900||0.169126|
|Friday, May 8, 2020||0.065232||-0.022639||0.167002|
|Saturday, May 9, 2020||0.063962||-0.030090||0.167797|
|Sunday, May 10, 2020||0.060529||-0.033775||0.162853|
|Monday, May 11, 2020||0.055950||-0.037986||0.156888|
|Tuesday, May 12, 2020||0.048852||-0.043886||0.153761|
|Wednesday, May 13, 2020||0.047957||-0.045345||0.158376|
|Thursday, May 14, 2020||0.041951||-0.053509||0.143348|
|Friday, May 15, 2020||0.039622||-0.052609||0.141589|
|Saturday, May 16, 2020||0.037913||-0.053514||0.141168|
|Sunday, May 17, 2020||0.034579||-0.058532||0.142763|
|Monday, May 18, 2020||0.030607||-0.063933||0.133834|
|Tuesday, May 19, 2020||0.024586||-0.061830||0.118171|
|Wednesday, May 20, 2020||0.025186||-0.063385||0.133525|
|Thursday, May 21, 2020||0.021035||-0.077063||0.128731|
|Friday, May 22, 2020||0.020854||-0.076255||0.126280|
|Saturday, May 23, 2020||0.021514||-0.070639||0.125663|
|Sunday, May 24, 2020||0.020692||-0.065508||0.117420|
|Monday, May 25, 2020||0.019298||-0.077895||0.122157|
|Tuesday, May 26, 2020||0.015842||-0.080527||0.115476|
|Wednesday, May 27, 2020||0.018918||-0.069906||0.116005|
|Thursday, May 28, 2020||0.017083||-0.078268||0.122256|
|Friday, May 29, 2020||0.018990||-0.072058||0.127103|
|Saturday, May 30, 2020||0.021453||-0.072818||0.126380|
|Sunday, May 31, 2020||0.022098||-0.067801||0.125554|
Tradingbeasts estimated that XLM will reach $0.0592880 at the start of May 2020. The month’s highest anticipated price is of $0.0717739, with the least anticipated price of $0.0488062. The Stellar closing price prediction for the end of the month is $0.0574191, with a change of 13.30%.
Stellar Lumens Price Prediction: Verdict
We have reached the end of our XLM price prediction for May 2020. We hope that the information we have provided in this article will be of help to you in creating your own trading predictions.
Featured image: thecurrencyanalytics.com