The National Bank of Ukraine revealed that they are amidst creating a central bank digital currency (CBDC), called e-hryvnia, based on the blockchain technology of Stellar Lumens. “As we integrate with Stellar, we’re going to be able to build the next generation of banking, leveraging the network’s ability to use traditional banking infrastructure combined with the innovative opportunities of blockchain technology,” – stated the CEO of Abra, Bill Barhydt. “This investment marks the beginning of our partnership to work together towards creating equitable access to financial services that also create new, innovative business opportunities for the Stellar network,” – said Denelle Dixon (CEO and Executive Director of the Stellar Development Foundation) Stellar expects this investment to promote “greater avenues of growth” for the XLM network after integrating Abra. The money will be allocated from Stellar’s Stellar Development Fund. Stellar announced that they will be investing $5million into Abra, a popular crypto wallet and exchange app for mobile users. The Company also stated that they plan on introducing recurring buys to the App in May. Recently in May, Voyager Digital Canada, Ltd., a public, licensed crypto broker revealed that they would be adding support for Stellar Lumens (XLM), as well as Ripple (XRP), EOS (EOS), OmiseGo (OMG), and ZRX (0x) to generate interest on the Voyager App. The calculated pivot, resistance, and support levels by WalletInvestor are: The next day, prices went back to test $0.07, but failed to sustain any further increase and dropped back to $0,068. The pricing graph of May 18 th showed that XLM was going through a significant bearish movement as it broke below the important resistance level of $0.070. In the next two days, XLM traded below $0.07, and from May 17 th, it started again its pattern of fluctuating below and back up to $0.07. The coin then recovered back to $0,070700 the following day, but once again fell to $0,069082. Stellar reached about $0.070 on May 13, and then the bullish momentum saw a breakout there before going back down to $0.068. On May 11 th, XLM traded between $0.061 – $0.065.īut on May 12, the market has started picking up, with XLM mostly trading very close to $0.07. The coin traded mostly between $0.071 and $0.074 up until May 10 th, when XLM dropped below the $0.07 support level, trading at $0,061108. XLM started May at a price of $0,067782 with positive momentum, as on May 3 rd the coin was trading at $0.076. Stellar Lumens (XLM) Price Prediction: Analysis The current price of Stellar is $0.068470, with an increase of 3.21% in the last 24-hour period. There are 20,249,923,124 XLM coins in circulation out of a total supply of 50,001,803,849 XLM. XLM is the native crypto of the Stellar Lumens platform and is currently ranked 13 th according to a market capitalization of $1,386,517,364, with $468,121,259 worth of XLM being traded in the past 24-hour period. We will be examining some of the market opinions and historical prices for Stellar Lumens in order to compile an XLM price prediction for this June.
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