We will be taking into account several market opinions and Stellar Lumens‘ past prices with the intent of projecting an XLM price prediction for March 2020.
Stellar is a blockchain project forked from Ripple in 2015, created mainly for executing fast and near-zero cost transactions between banks, payment systems, and people.
XLM is the native coin of the platform, which is currently ranked as 14th according to a market capitalization of $1,407,186,137 with $460,061,019 worth of XLM being traded in the past 24-hour period. There are 20,197,010,738 XLM coins in circulation out of a total supply of 50,001,803,906 XLM. The current price of Stellar is $0.069673, with a decrease of 2.61% recorded in the last 24-hour period.
Stellar Lumens (XLM) Price Prediction: Analysis
The last days of January saw a mild price drop, which brought the XLM price to $0.0606. February started with an uptick, moving the price of Stellar from $0.0606 to $0.0650 by 7.31%.
Then, the coin experienced a marginal price drop but then, it started rising and reached $0.0737 with a surge of 19.64% on February 9th. The coin continued to rise incrementally each day, until on February 12th, XLM broke a new resistance level of $0,081834. That day, the coin closed at $0,080040.
The next day, the coin peaked at $0,086677 but closed at $0.082. February 15th saw the coin rise to $0,087270 at the start of the day, but XLM started losing value fast towards the end of the day, closing below $0.080 level at $0,079246. The coin continued to drop until it reached a closing price of $0,070720 on February 19th. There were some signs of recovery the next day, as the coin closed at $0,071169.
Today, February 24th, XLM is trading at $0.069673, with a slight decrease over the past 24-hours.
The calculated pivot, resistance, and support levels by WalletInvestor are:
- Resistance Level (R3): 0.0751
- Resistance Level (R2): 0.0735
- Resistance Level (R1): 0.0723
- Pivot Point: 0.07072
- Support Level (S1): 0.0695
- Support Level (S2): 0.0679
- Support Level (S3): 0.0667
SDF will be working together with the policymakers and influencers to educate them about the potential of the current financial system, advocate for electing an effective policy, which would enable blockchain technology to flourish in the United States.
Sydney Ifergan, the crypto expert, stated on Twitter: “Stellar Lumens XLM, should get to the root of the risks and rewards when it comes to transiting from the traditional system to a novel one like the just evolving cryptocurrencies and cross border transactions.”
Blockchain Association has been so far educating legislators on Blockchain and its benefits. The legislators have reportedly grasped “the specific challenges and opportunities of the Stellar Development Foundation. They’ve proven a unified voice in pursuit of a digital future that’s transparent, inspiring, secure, and equitable,” -said Candace Kelly of the SDK.
Stellar posted: “We’ve joined @BlockchainAssn to ensure that the vision for Stellar and its ecosystem has a central place in the public dialogue. SDF’s General Counsel, Candace Kelly, shares more about this exciting partnership.”
Stellar Lumens (XLM) has been added by the cryptocurrency ATM startup, CoinFlip, to its list of cryptos. Users can go to any of the ATMs and purchase XLM, stated co-founder and CEO, Daniel Polotsky.
CoinFlip has a network of 450 ATMs in gas stations and convenience stores which are located all over the United States, where customers can buy cryptos with credit cards.
The company also has 40 two-way ATMs, which enable users to sell their crypto for USD cash.
Stellar Lumens Price Prediction: Market Opinion for March 2020
As always, we will be featuring a list of some of the crypto sites that made their own XLM price prediction for March 2020, in order to better illustrate the market sentiment for Stellar.
TradingBeasts estimated that XLM would be trading at around $0.0822848 at the start of March 2020. They forecasted the maximum value for the coin to be $0.1009976, while the minimum price is projected at $0.0686784. Moreover, the site projected that XLM would close the month at $0.0807981.
Digitalcoinprice forecasted that in March, XLM would be trading at $0.14567119, with a change of 100.61%.
Previsionibitcoin projected that Stellar would be changing hands in March at around $0.103375.
Longforecast has calculated that XLM would be trading at $0.062 when March begins. The highest price expected is $0.089, while the lowest value has been projected at around $0.051. The average price for the month was assessed at $0.064. They expect the coin to close the month at $0.055, change for March -11.3%.
Gov.capital’s XLM price prediction for March 1st is that the coin will be trading at an average price of $0.0536, with the least possible price being $0.04556 and the best possible price of $0.06164.
WalletInvestor projected that Stellar Lumens would begin the first day of March with an estimated price of $0.0781, with a possible minimum value of $0.0725 and a maximum value of $0.0827.
Coinpredictor’s XLM price prediction for March is a loss of -27.3%, which would bring the coin at a value of $0.046652.
30rates issued their own XLM price prediction for each day of the month of March (without the weekends), with the average, minimum, and maximum values for every day.
- 03/02 Monday $0.053 $0.061 $0.057
- 03/03 Tuesday $0.056 $0.064 $0.060
- 03/04 Wednesday $0.058 $0.066 $0.062
- 03/05 Thursday $0.061 $0.071 $0.066
- 03/06 Friday $0.067 $0.077 $0.072
- 03/09 Monday $0.063 $0.073 $0.068
- 03/10 Tuesday $0.065 $0.075 $0.070
- 03/11 Wednesday $0.066 $0.076 $0.071
- 03/12 Thursday $0.065 $0.075 $0.070
- 03/13 Friday $0.069 $0.079 $0.074
- 03/16 Monday $0.070 $0.080 $0.075
- 03/17 Tuesday $0.073 $0.083 $0.078
- 03/18 Wednesday $0.072 $0.082 $0.077
- 03/19 Thursday $0.076 $0.088 $0.082
- 03/20 Friday $0.077 $0.089 $0.083
- 03/23 Monday $0.074 $0.086 $0.080
- 03/24 Tuesday $0.077 $0.089 $0.083
- 03/25 Wednesday $0.076 $0.088 $0.082
- 03/26 Thursday $0.077 $0.089 $0.083
Bitverzo predicted that XLM would open March at $0.028359, with a minimum value of $-0.068721 and a maximum expected value of $0.130335.
Stellar Lumens Price Prediction: Verdict
With this, we conclude our XLM price prediction for March 2020. We hope that the information we have presented in this article will be advantageous to you in forming your own trading predictions.
Featured image: finder.com
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