Even though this year has been great for cryptocurrencies, the two biggest players in the game, Bitcoin (BTC) and Ether (ETH) have been in a downward spiral in recent weeks and it seems that a number of coins, including Stellar Lumens (XLM) have been following the same pattern. In case of this particular big crypto coin, if the negative trend continues there might be an even bigger thing. The price could potentially go up to 0.0625 USD before drastically decreasing once again. It would be strange for this coin to increase in such speed and move above the average in such an extreme manner. This also can be an issue for those traders who are trying to short sell XLM coins on crypto exchange platforms that do futures trading.
In recent times, more and more cryptocurrency platforms have been employing this feature and many investors began using them. However, a large portion of them haven’t understood yet how dangerous this type of trading can be. Many just see this as a quicker way to earn more profit in a short time period. An example of what this type of trading can lead to is the situation with MATIC after the crypto asset crashed. This means that traders need to be extremely careful.
When it comes to Stellar Lumens there is a great potential for this coin to see a growth in value, yet, it can also experience a price fall afterward. Even though this currency has one of the largest market caps (11th, according to CoinMarketCap), it can still bring large profits during a bullish season. This is why keeping a close eye on Stellar is crucial nowadays.