Stellar poised to become a growth leader in 2019 - expert opinion
|- Stellar may demonstrate 400% price growth by the end of the year.
- Immediate resistance lies at $0.11.
Stellar Lumens (XML), the 6th largest coin with a market value of $2B, is forecasted to become one of the growth leaders in 2019. According to an aggregate survey from six industry experts, produced by Finder.com, the coin will hit $0.21 by February, which is over 200% increase against the current level of $0.10. By the end of the year, the coin is set to see 400% of its value and reach $0.41 handle.
The experts cite solid fundamentals and constant network development as the key reasons for such an impressive performance.
“Stellar Lumens has gained a large amount of respect in 2018, as it continues to build a public blockchain that solves problems. Despite not being Turing complete, many businesses are attracted to it for its programming language, costs, and support,” Ben Ritchie from of Digital Capital Management commented.
XLM/USD, the technical picture
Meanwhile, looking technically, the coin is supported by psychological $0.10. Once it is broken, the sell-off may gain traction with the next aim at $0.0952, which is the lowest level of 2018. Within the recent hours, Stellar lost about 2% of its price amid global cryptocurrency sell-off. A quick recovery above $0.11 is needed to improve the short-term technical picture and mitigate immediate pressure. The trend remains bearish as long as the coin stays below the said level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.