Stellar Reviews: Is the XLM Price in the Danger Zone?

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The popular crypto currency Stellar fell to $ 0.33 with the general decline of the market. While XLM investors are panicking, the figures indicate that the decline is not as deep as it was thought.

Impressive Performance from Stellar in Less Than a Year

Stellar (XLM) is trading at $0.33 as of the time of writing, and has fallen by 11.55% over the last 24-hour period. Although this decline is considered a disaster by many, it is an indication of the major movements that the popular crypto currency has seen recently.

Stellar’s overall outlook shows a slight downward trend compared to many crypto currencies. The downtrend slowed down significantly until a few weeks ago. may May 16 to May 23, Stellar had seen one of its biggest declines, decelerating from $0.77 to $0.33. This downward movement was a negative movement compared to the year when Stellar performed well overall. In October last year, Stellar made significant progress in less than a year, when it was around $ 0.08.

The General Situation of the Crypto Currency Market

Bitcoin, on the other hand, has signed a large-scale downward movement last month. Over the past few weeks, it has not been able to catch up with the upward momentum, except for a few price movements that have exceeded $ 40,000. In its current state, the crypto currency market stands out as a sector dominated by Bitcoin, Ethereum, Dogecoin and Litecoin movements. Dogecoin has been recorded as the crypto currency that has made the biggest jump recently. DOGE had touched $0.44, an increase of over 30%, after it was listed on Coinbase Pro. However, the downward direction of the market course has led all crypto currencies to decline. The crypto currency Dogecoin, which occupies the most part of the agenda, is trading at $ 0.31 as of the moment of writing this article.

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