Through my recent updated research on the Stellar project and considering the insights shared by other analysts within the Cyrator platform, my perspective on $XLM has now shifted and I no longer consider it a strong buy for my portfolio. While I have always preferred $XLM over $XRP, certain factors have now influenced my decision.
One key concern for me is the relatively low transaction fees generated by $XLM. At the time of writing this review, $XLM only averages $75.95 in transaction fees a day. This figure is significantly lower compared to many other crypto networks and this data indicates that $XLM is not currently being widely utilized as a preferred network of choice. As a result I now have doubts about its ability to regain its all-time high prices in the future I do not see this as highly probable.
From the current state of affairs within the $XLM network, it appears that the platform may have already reached its peak and is experiencing a gradual decline which could result in a slow death for the network. Unless significant changes, drastic developments or fundamental improvements take place I don’t see this project revitalising and regaining momentum for itself.
This does not mean the price of this project cannot rally for some decent gains though before its total demise, and if I was looking for $XLM’s next strong buy zone I would be looking at two big HTF supports below price where I would expect a decent sized bounce to at least happen:
- $0.07 – $0.064
- $0.049 - $0.04 Show Less
