logo

XLM price analysis 13 May 2019: driving upwards due to trends

XLM price may 13 2019

Stellar Lumens (XLM) has been having an amazing 2019, even considering the massive nose-dive it suffered alongside nearly every other altcoin at the beginning of 2019.

However, the coin had been knocking at Litecoin’s door, preparing to take the number six position on the market, and thanks to the new bitcoin bull rush, it was able to jump up to nearly $2 billion in market capitalization, but still was not able to overtake LTC.

In fact, the coin is currently on 9th place on coinmarketcap, but the numbers don’t lie.

XLM price predictions may 13 2019

Massive jump last week

The bitcoin trend was one of the largest contributing factors towards XLM’s growth on the 10th of May. The percentage is quite mixed as the price is still in constant development but it can be easily said that the price surged from $0.089 a piece to breaking the $0.1 price point within just 2 days. All the while increasing the market capitalization by more than $200 million.

However, the momentum has stopped for XLM and it is currently in a limbo of uncertainty. Due to relatively quiet markets today, it is not expected to see massive jumps during this week, but that still remains to be seen.

There is currently an upwards spiral forming to drive the price towards the $0.1008 mark but that’s about it. Judging from the previous performance it is hard to believe that any major gains are going to occur.

But due to the fact that the market had quite a busy weekend last week, it is expected that it will be much more lively this week, but not as much for Stellar.

Overall, one of the most important market developments that XLM investors should watch is BTC performance. Another small bull rush is guaranteed to drag XLM along, potentially breaking the $0.12 mark.

Takeaways

  • Bitcoin is the primary XLM price driver
  • Due to a busy weekend, it’s expected that this week will be passive for Stellar
  • Going above $0.1 is already a massive leap
Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

Related News

Hot Stories

FTX Japan plan to resume customer funds withdrawals approved
Verasity Price Prediction 2023-2031: Could VRA Price Exceed $1?
Stripe unveils new crypto to fiat feature
How to stake Verasity (VRA): $VRA Staking Program Extended to 2023
Cardano price analysis: ADA/USD price has recovered to $0.3171 after gaining bullish support

Follow Us

Industry News

Stripe unveils new crypto to fiat feature
'I think he's telling the truth,’ Kevin O'Leary on SBF
Blockchain games are doing great despite the failure of FTX
Reserve Bank of India’s crypto alternative is here: How can one use the e-Rupi?
Russian bank infuses metamask into its blockchain

Add Your Heading Text Here