A good strategy and clear objectives prevent you from making rash, and panic-induced decisions. Once a plan is formed, it is important to track it and tweak it whenever there is a change in circumstance. This will help you map out a good investment plan. Break down your future vision into simpler, more tangible targets both long-term and short-term. Goals could be personal or business-oriented. You need to have an end goal in mind before investing and trading Stellar Lumens. Doing sentimental and fundamental analysis also would help you make the right decisions. Keep yourself fully informed on the price and volume fluctuations around the coin. It is up to you to decide if you are willing to take the additional risk of holding onto the investment to reap higher gains. Once you know that the profits you wished for have been achieved, is it prudent to exit? At times, the price predictions would show a continuous positive trend beyond the point where you have met your objective. You also need to be able to choose the right time to sell without regretting it the next day or the next week. You need to enter an investment at the right time, usually when the price of the coin is low with the potential for an upward trend. Stellar Lumens Price Technical Analysis: How to Identify Good Entry/Exit Points when Trading XLM surged again in the first half of 2021, peaking at $0.73 in May. The coin picked up considerably after that, due to the constant developments being made on the Stellar platform through strategic collaborations. The value of coins plummeted with the value of XLM dropping to $0.035. On the 12th of March 2020, referred to as “Black Thursday” the cryptocurrency market had crashed. The Coronavirus pandemic has left the world shaken and it is only natural that this uncertainty spills into the crypto world. 2020 was an unpredictable year for the cryptocurrency market in general. XLM has been strategically accruing global partners that allow it to fulfil its vision to create an easy to use, cheap global payments system. In 2020, Stellar quietly expanded its network to include more financial partners like Abra, a crypto wallet service, IBM with its launch of World Wire, a global payments system, and Samsung Galaxy. However, in the subsequent months, the value of the coin dropped to around $0.11 by the end of December 2018.Ģ019 was not a great year for the cryptocurrency market and the value of XLM reflected that, staying within the $0.005 - $0.015 price range. In 2018, riding the wave of the crypto boom, the coin reached an all-time high of $0.919994. By the end of December 2017, the value of the coin rose by 8800% from its value in 2015. The Stellar Development Foundation announced that it would award partners up to $2 million worth of XLM coins for project development. In the latter part of 2017, several more strategic partnerships were announced like ICICI bank and KlickEx. In May 2017, Lightyear.io, a profit-based entity of Stellar was launched with the value of the coin rising to $0.005. In 2016, Deloitte partnered with the platform to build a cross-border payments application. The price of the coin was around $0.0017. In the subsequent months, Stellar partnered with many organisations and platforms like Vumi, a messaging platform, and a banking software company, Oradian. In January 2015, Stellar had around 3 million user accounts where its market cap rose to around $15 million. In July 2014, Jed McCaleb launched the Stellar protocol on the Ripple network.
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