Stellar Lumen (XLM) has been following the current market trend recently without any variations. Stellar XLM price has faced a contemporary pressure towards the lower side due to its technical rejection from the value of around $0.054.

The Stellar blockchain has been running its own version of bitcoin’s Lightning Torch since the summer. Early in 2019 a bitcoin community member known only by a pseudonymous handle, @hodlonaut, launched an experiment known as the Lightning Torch or Lightning Trust Chain. The idea was to test the lightning protocol, a second-layer scaling solution on bitcoin that makes it less expensive to send money (the experiment ended on April 10 as a donation to Bitcoin Venezuela).

Stellar has finally shown an upward movement after the last few days of struggle. The recovery in the overall market seems to have impacted the XLM coin, as well. It has been through three major price swings in this period and got a hike of 1.28% overnight.

A crypto trader expects XLM to grow another 37 percent before it hits resistance, while the community is heatedly discussing the recent token burn

SMART VALOR, a Swiss bitcoin and cryptocurrency exchange launched this past summer, announced today that it has listed Lumens (XLM), the native asset of the Stellar blockchain network.

Stellar Lumens News Today – Since the emergence of digital currencies, digital assets, and tokens, one of the major problems they have been facing is unlocking them for real-world use cases. Since Bitcoin came into the crypto space, about 11 years ago, the digital currency is still not being used as a cash or card replacement. However, some digital currencies have been seeing real-world use cases, and Travala wants to take this to the next level. Travala recently enabled Stellar Lumens (XLM) support to book hotels across the globe.

Spammers started showing up on Keybase as soon as Stellar announced a giant airdrop on the encryption app. They went away as soon as word went out that the free money era was over.

The price of Stellar (XLM) was constantly dropping since yesterday morning. The coin has broken below a few major support levels over the day; plus, it has noted a decline of 6.45%. However, the coin has recently found support level at $0.07246, which can turn the tide for the coin, if bulls help.

Stellar started the last trading month of the year on quite a declining note. Having fallen from $0.059, XLM is trading below the said price since the first day of December and currently trades at $0.055. In the previous 30-day time frame, XLM has hit the lowest at $0.0535 after having hit top formed by a bullish green candle at $0.090 on Coinbase.

Stellar’s downtrend is quite emphasized, as observed from the 10-day movement of XLM against USD on Coinbase. Just like any other altcoin, the uptrend was hit by the coin’s incapability to rise through a $0.056 resistance area. The red candles of the price trend have taken a reversal move and have bottomed out at $0.0521 in the given time frame.

Stellar Lumens (XLM) has experienced a series of highs and lows since its founding in 2014, but the development team has kept a steady eye on long-term development and use. Now, as blockchain technology begins to emerge from the frustrating crypto winter, the platform appears positioned to make great strides into the mainstream. In preparation, the team has made a series of bold moves designed to strengthen Stellar’s ability to compete with other cryptocurrencies.

As reported by the Whale Alert Twitter page, on Sunday, the Stellar Development Foundation (DSF) wired 50 mln XLM to the Kraken exchange. In the comment thread, the community expresses its indignation and despise towards an expected XLM dump.

Initial Coin Offering [ICO] caught the attention of many back in 2017, however, over the years the popularity of ICOs depreciated. IOHK’s Charles Hoskinson elaborated on the aftermath of the ICO fever.

Stellar had struck a notable price spike yesterday when it touched $0.057 price mark and then pulled back. The overall bearish crypto market has been playing a vital role regarding the sluggish trend of the coin. However, XLM coin has recently started to recover its loss of valuation at a slow pace.

The Stellar Foundation conducted what is possibly the biggest coin burn in the history of crypto space by sending 55 billion Stellar Lumens (XLM), worth $3.85 billion, to an address that no one owns.

Stellar seems to have been affected significantly by the overall market slowdown. Over the last 24 hours, it has shown three major price variations and lost 2.73% in total. The current price of XLM coin has now fallen to 0.055862 USD from 0.057431 USD.