Stellar XLM Healthy Price Jump
Stellar XLM Healthy Price Jump
Based on this weekend cryptocurrency Price momentum, the coming days and weeks may prove to get quite interesting after all. Despite some medium-sized setbacks on late Friday morning and throughout most of Saturday, it seems the situation is improving gradually. For the Stellar XLM price, things, are looking quite good right now following some much-needed gains across the board."Stellar XLM Healthy Price Jump"
After another rough start to 2019, it seems the cryptocurrency and digital asset markets may finally go through some positive momentum next week. Although it is still difficult to predict what the future of Cryptocurrency will hold, some of the signs offer a glimpse of hope right now. The Stellar XLM price, for example, is going through a bit of an unexpected positive spell on this Sunday. Although the price gains are minimal, there is plenty of optimism among community members.
Over the past 24 hours, there has been a small but notable Stellar XLM price increase in both Bitcoin BTC and USD territory. Especially the XLM/BTC ratio is interesting to keep an eye on, as one Stellar XLM is nearly valued at 3,000 Satoshi again. In the USD department, it would appear the value per Stellar coin will surpass $0.11 at some point later today. Turning price into a new support level is a different matter altogether.
A few key feature developments have taken place within the Stellar ecosystem this week. First of all, there is the launch of three XLM Full Nodes by SatoshiPay, as the company continues to work on ensuring global payments become a feasible reality. Their support for XLM ensures other network nodes can join the network and improve overall resiliency over the coming weeks and months.
Secondly, it seems the Blockchain development team is in the process of distributing their XLM tokens to wallet users. Although not everyone has gotten the mail to claim their stellar tokens yet, it appears this process is heading in the right direction as of right now. Getting Stellar into the hands of more people can aid in the overall adoption of this asset, albeit it is safe to say a fair few of them will be sold on exchanges right away.
Last but not least, the Stellar price chart looks rather appealing to investors and speculators as well. There is a bullish divergence pattern forming on this particular chart, although that doesn�t automatically mean the price per token will rise accordingly either. Even so, it shows things may finally improve in this industry after a few months. That is all one can ask for at this time.
When taking all of this information into account, it would seem as if next week may prove to be a pivotal point for Stellar XLM. A lot of puzzle pieces have come together recently, which should lead to some interesting Stellar price movement accordingly. Whether that will be surge upward or downward jump, remains difficult to predict. All it takes is a bear pattern one-hour candle to send the industry in a downward spiral for multiple days.
