Stellar Lumens (XLM) Price Prediction and Analysis in April 2020

In our April XLM price prediction, we will be examining some Stellar Lumens‘ market opinions, historical prices, and recent developments.

Stellar Overview

XLM is the native crypto of the Stellar Lumens platform and is currently ranked 13th according to a market capitalization of $939,721,195, with $405,610,581 worth of XLM being traded in the past 24-hour period. There are 20,311,174,899 XLM coins in circulation out of a total supply of 50,001,803,892 XLM. The current price of Stellar is $0.046266, with an increase of 10.55% in the last 24-hour period.

Stellar Lumens (XLM) Price Prediction: Analysis

In the latter half of March 12^th, XLM, like the rest of the crypto market, saw a severe drop that moved the coin from $0,050379 to $0,033441. The next day, XLM dipped below the $0.03 level but rebounded towards the end of the day to close at $0,039531. In the next few days, Stellar was trading sideways, fluctuating between $0.03 and $0.04. On March 18^th, the coin broke above the $0.04 resistance level and reached $0,042341.

Up until March ended, XLM has failed to break the $0.043 resistance, mainly trading at levels between $0.037 and $0.040. On March 31^st, XLM managed to trade with minor fluctuations above the $0.040 level, but it never reached $0.041. The first day of April had the same monotonous trading pattern, with the coin trading tightly around $0.04.

Source:elevenews

The price charts show that XLM is going through a noticeable bearish movement. The coin went below the crucial level of $0.042, with the downtrend bringing down the coin to the last week’s major support level of $0.040.

On March 20^th, the coin had a support level of $0.035 and managed to climb up to $0.044, but then the markets corrected XLM down to the major support level of $0.038.

Source; Fxstreet

According to the technical indicators and oscillators, the crypto market has some bearish trends ahead, and XLM might also see some days in the red.

The calculated pivot, resistance, and support levels by WalletInvestor are:

• Resistance Level (R3): 0.0429
• Resistance Level (R2): 0.0418
• Resistance Level (R1): 0.0413
• Pivot Point: 0.04030
• Support Level (S1): 0.0398
• Support Level (S2): 0.0388
• Support Level (S3): 0.0383

Developments

In March, the Stellar ecosystem revealed several developments, such as the release of Stellar Core v12.5.0. According to the official Twitter of Stellar (XLM), they rolled out the new version of Stellar Core on 25th March 2020. The upgraded version integrated new features, such as SCP metrics.

“Stellar Core v12.5.0 is out now! It includes a number of new features including new SCP metrics, improved catchup logging, SCP code cleanup and more.”

Stellar Core v12.5.0 is out now! It includes a number of new features including new SCP metrics, improved catchup logging, SCP code cleanup and more.

Download it and read the full release notes here:https://t.co/4EjtptjTPq

— Stellar (@StellarOrg) March 25, 2020

According to the project’s Github page, the stability improvements that have been made are:

• “Reworked catchup code to improve its resiliency with events like running out of sync
• Improved logging and status when catching up, which gives a lot more visibility into what core is doing
• Changed the way we track percentiles reported by the metrics endpoint, with this version percentiles are using a fixed 5 minutes window, this results in percentiles to be a lot more consistent and accurate
• Fixed a hang on shutdown where core was waiting for quorum intersection to complete
• Improved how validators restart, avoiding momentarily not validating (ie, not sending SCP votes) for certain ledgers.
• SCP code code cleanup to make it easier to understand
• Fixed how we compute prefetching metrics
• Fix an issue in experimental metadata generation as certain syscalls are not supported on named pipes
• mempool, don’t bother with transactions that will fail later anyways
• Fixed various test issues – missing tests and flaky test
• Implementation of CAP-0015: Fee Bump Transactions”

In other recent news, the Stellar Development Foundation (SDF) has initiated a donation-matching via Stellar-based Lumenthropy to aid charities that are trying to help those affected by the COVID-19 crisis.

Users can donate XLM tokens to several charitable organizations, including UNICEF, The Tor Project, Freedom of the Press.

The CEO of the SDF, Denelle Dixon, has said that the Foundation will donate 2.5 mln XLM to the cause, with the first batch of 100,000 XLM that will be distributed between the six eligible charities supported by Lumenthropy. The Foundation has urged XLM users also to donate their coins, as SDF will match the amount donated.

“We hope those of you who can and are looking for ways to support the global community will join us,” stated Dixon.

Stellar Lumens Price Prediction: Market Opinion for April 2020

As usual, we will be incorporating a list of some of the crypto sites that launched their own XLM price prediction for April 2020, with the purpose of better showcasing the market sentiment for Stellar.

Digitalcoinprice

Digitalcoinprice’s XLM price prediction for April is that the coin will be trading at $0.06740758, signifying an increase of 64.72%.

Previsionibitcoin

Previsionibitcoin forecasted that Stellar will be trading at a price of $0.058594 in the month of April.

Longforecast

Longforecast has estimated that XLM would be trading at $0.041 at the start of April, which has so far been pretty accurate. The maximum expected price is $0.054, while the lowest value has been estimated at around $0.037. The month’s average price was established at $0.044. The closing value for the coin was set at $0.042, change for April 2.4%.

Gov.capital

Gov.capital’s XLM price prediction for the end of April is that the coin will have an average price of $0.0926, with a minimum possible price of $0.0916 and a maximum possible price of $0.0935.

WalletInvetsor

WalletInvestor has projected XLM price predictions for the next 10 days of April, along with their possible minimum and maximum values.

Coinpredictor

Coinpredictor’s XLM price prediction for April sees the coin increase with 33.1%, which would place Stellar at a value of $0.054531 at the end of the month.

30rates

30rates made an XLM price prediction for each day of the month of April (without the weekends), with the average, minimum, and maximum values.

Bitverzo

Bitverzo predicted that XLM will have a closing price for April of $0.070163, with a minimum value of -0.025951 and a maximum expected value of $0.163082. The site also posted predictions for the rest of the days of April.

Stellar Lumens Price Prediction: Verdict

We have reached the end of our XLM price prediction for April 2020. We hope that the information we have offered in this article will be beneficial to you in establishing your own trading predictions.

Featured image: newconomy.media

coindoo

coindoo.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.