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

We will be looking at some Stellar Lumens‘ market opinions and  historical prices to develop an XLM price prediction for this May. Stellar Overview 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. Source:https://www.forexcrunch.com/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): 0.0543Resistance Level (R2): 0.0530Resistance Level (R1): 0.0521Pivot Point: 0.05091Support Level (S1): 0.0500Support Level (S2): 0.0488Support Level (S3): 0.0479 Developments 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 Digitalcoinprice’s XLM price prediction for May sees the coin trading at $0.10661522, marking an increase of 97.24 %. Previsionibitcoin Previsionibitcoin predicted that Stellar will be changing hands at $0.08511 in the month of May. Longforecast 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 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 2020 May 01, Friday  0.0659  0.056015  0.075785 2020 May

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

We will be looking at some Stellar Lumens‘ market opinions and  historical prices to develop an XLM price prediction for this May.

Stellar Overview

xlm coinXLM 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.

Screenshot (242)

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 Pushes Higher
Source:https://www.forexcrunch.com/

XLM which had support at $0.050 shot up to $0.056, but the markets pushed down to $0.054.

Stellar (XLM) Price News

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.

Stellar Lumen Price

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

Developments

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

Digitalcoinprice’s XLM price prediction for May sees the coin trading at $0.10661522, marking an increase of 97.24 %.

Previsionibitcoin

Previsionibitcoin predicted that Stellar will be changing hands at $0.08511 in the month of May.

Longforecast

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

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
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

WalletInvetsor

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
2020-05-01  0.060053  0.0572  0.0628
2020-05-02  0.0596  0.0568  0.0626
2020-05-03  0.0599  0.0568  0.0627

Coinpredictor

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

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

Date Weekday Min Max Price
05/01 Friday $0.049 $0.057 $0.053
05/04 Monday $0.049 $0.057 $0.053
05/05 Tuesday $0.048 $0.056 $0.052
05/06 Wednesday $0.047 $0.055 $0.051
05/07 Thursday $0.049 $0.057 $0.053
05/08 Friday $0.046 $0.052 $0.049
05/11 Monday $0.047 $0.054 $0.050
05/12 Tuesday $0.049 $0.057 $0.053
05/13 Wednesday $0.047 $0.055 $0.051
05/14 Thursday $0.054 $0.062 $0.058
05/15 Friday $0.056 $0.064 $0.060
05/18 Monday $0.057 $0.065 $0.061
05/19 Tuesday $0.057 $0.065 $0.061
05/20 Wednesday $0.058 $0.066 $0.062
05/21 Thursday $0.058 $0.066 $0.062
05/22 Friday $0.059 $0.067 $0.063
05/25 Monday $0.062 $0.072 $0.067
05/26 Tuesday $0.059 $0.067 $0.063

Bitverzo

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.

Date Average Low High
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

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

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