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Since Coinbase announced that it would give $ 100 million in a stellar aerodrome, the news regarding Stellar Lumens has been positive. In fact, Stellar Lumens news is not only positive today. Stellar has had a good thing since the beginning of the year. Some time ago, IBM announced that it would use the Stellar blockchain to fuel its latest transactions with banks. This new Stellar has created a shock wave in the industry, with many expecting IBM to have used Ripple's payment settlement layer instead of Stellar. In the news of Stellar Lumens, we would talk about Stellar's upward price trend in the near term as a result of Coinbase Stellar's aerodrome and other developments on the Stellar network.
Stellar Lumens News Today – Stellar Airdrop – Coinbase Airdrop – Stellar Development Foundation and Stellar Award
In our previous article on the Stellar pillar of Coinbase, we explained how the many subsidized filters sponsored by the Stellar Development Foundation could affect Stellar's price in the long run. You can check the post here. While many XLM tokens in the long run may not be the best for XLM, such airfields like this certainly give XLM a short-term upward push. Following the announcement of Coinbase, the price of XLM began to rise against the US dollar. At the time, market sentiment was also bullish, contributing to higher prices.
Between the first week of February and now, the total market capitalization of Stellar by CoinMarketcap.com has increased by over 29.7%. This rise is impressive and means that Stellar is ready for better things. At the time of writing, Stellar was trading at $ 0.107445. This means that it is down 1.39% against the US dollar and 0.71% compared to BTC. This price slide is part of a downward correction needed for the price of a cryptocurrency to rise against the US dollar. The price of Bitcoin and many other crypto-currencies also corrects lower after reaching a higher dollar. The trading volume of XLM over a 24-hour period is $ 290,222,529 and has a market capitalization of $ 2,067,050,078.
Stellar Lumens News Today: Where will the Stellar Prize (XLM) go?
The cryptocurrency market is unpredictable in reality. Thus, even if the price of a given cryptocurrency can be bullish today, it is still difficult to provide an accurate price badysis for the coming months or days. The best thing we can do is base the future price on current and past trends as well as the fundamental and technical badysis of a given token.
If we take into account the news of Stellar Lumens today, Stellar (XLM) could sell up to $ 0.18 against the USD in the next few days. month. In the long run, it can go up to $ 1. For the moment, we can only wait and see.
What do you think of the news of Stellar Lumens today? Does Stellar have what it takes to finally reach $ 1? Do not hesitate to comment below.
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