Stellar Lumens, popularly known as either Stellar or Lumens, is a cryptocurrency which has caught the attention of the markets of late. The XLM cryptocurrency token has attracted a large number of users over the months. However, the past couple of weeks have not been good for the currency. The overall trend in the crypto-markets is that of a crash and Stellar Lumens price is not the only one affected. Despite the rough patch that the currency is going through, Stellar Lumens continues to have a number of backers.
XLM began the day at $0.20 and peaked at $0.22. The currency then began to go through some ups and downs before finally collapsing to the day's low of $0.198. From there, the currency ended the day at $0.199. The currency's market cap too, felt the jolt as it began the day with a market cap of $3.82 Billion and closed the day at $3.70 Billion – losing about $120 Million over the course of the day.
The price of Stellar Lumens over the week too, has been quite volatile. The currency began the week at a price of $0.231 and peaked at $0.245. From there, the currency collapsed to the week's low of $0.177.
Market experts have been expecting that the currency will soon recover from these recent losses and continue to progress towards a growth rally. With prices falling to such extreme lows, market bulls are eyeing an opportunity to invest into Stellar Lumens. This is a great chance for them and with all the investor money being pumped-in into the system, Stellar Lumens price is expected to get a major boost in the weeks to follow.
For more Stellar Lumens price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
You should also check out some of our recent cryptocurrency price related articles such as
Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.