Rating: SELL (80.7% accurate)
- Market Cap: $1.5B
- Aug 5 Price: $0.082619
- Aug 12 Price: $0.075840
- Change: -8.2%
Technical & Sentiment analysis
- Sentiment suggests a lack of demand for XLM by speculative traders
- Price analysis suggests a continued decline to fresh lows
Positive Price Drivers:
- The Stellar community continues optimistically in the development of the core protocol and dApps
- The IBM and XLM partnership is rumored to still be in operation, even as media is silent
Negative Price Drivers:
- Significant declines in the active addresses and transactions indicate the little potential for market demand
- Stellar will underperform Bitcoin for months as BTC dominance continues to increase
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XLM Price Analysis: Don't expect the selloff to end soon.
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