Stellar (XLM), EOS, Cardano (ADA) – The development of the movements of coins in the middle part of the table ranking, precisely the 20 most important cryptocurrencies of the ecosystem have generated an interesting ‘competition’ between themselves, and it is worth observing the detail to be able to predict what will be their long-term outlook for this 2019.
Stellar (XLM) Price Prediction: 2019 Long Term Outlook
Stellar lumens (XLM), at the time of writing spot price a of $0.105 USD per token, with a growth of 3.71% in the last 24 hours, exceeding the short-term immediate resistance scenarios indicated in our previous post on Saturday 9 March 2019.
Stellar has risen by one position in the global ranking in three days, moving from the position number 9 to eighth, thanks to the over $300 million won in this period, that upped its market capitalization to $1.7 trillion dollars.
In the long term, the Stellar (XLM) is expected to reach the spot price of $0.171 by December 2019 (262 days approximately). While it continues to growth on the rising wedge to maintain caution, our projections estimate a maximum resistance of $0.205.
The most disadvantageous scenario for Stellar (XLM) would be a fall to the support area S1 ($0.0895). A further plunge below the current price can also occur due to natural effect of the market lateral movements, a product of the scenario marked by Bitcoin and its side effect.
As mentioned in our previous post, in the medium term, Stellar (XLM) presents a downward trajectory, close to its support level at $0.0895- $0.075.
EOS (EOS) Price Prediction: 2019 Long Term Outlook
EOS is a decentralized operating system based on Blockchain, designed to support decentralized applications on a commercial scale by providing all necessary basic functionalities that allow companies to create Blockchain applications in a similar way to web-based applications.
Since the inception of EOS, it has attracted the attention of cryptocurrency speculators, given that experts say that EOS and its Blockchain foundation, Block.one, have the potential to outperform Ethereum. However, despite rapid growth that allows experts to see a $20 scenario by the end of the year, we are more conservative in this regard and the main point is the lack of activity in the last quarter according to specialized reports.
The cryptocurrency of Dan Larimer currently occupies the position number 5 of the global ranking, descending one position since our last post on March 3, 2019.
Its spot price at the time of writing is $3.66 USD with a growth of (1.58%) in the last 24 hours and a market capitalization of $3.3 billion.
In the long term, EOS is expected to reach the beginning of Q4 2019 with a spot price of $8.38 USD per unit, after exceeding its immediate resistance of $4.75 in the next month as expected in our previous post in the short term.
Some optimists predict that EOS will achieve the expansion of use cases that Ethereum could not, and therefore its price could take off to levels of $20 by the end of the year. However, this remains to be seen, due to the little or no activity from the development team behind the cryptocurrency.
Its support is still at levels of $ 2.75 USD per unit. The worst scenario is expected for EOS in the event that cryptocurrencies lose market share of at least 15% or more of current levels this year.
Cardano (ADA) Price Prediction: 2019 Long Term Outlook
Although the end of 2018 did not look as optimistic as the price prediction for Cardano (ADA) in 2019, having negotiated ADA at a value of around $0.074 during the first week of November 2018. Cardano remains one of the most prominent projects in the Blockchain space.
Even though the ADA lost around -93% of its value since reaching its historic high of $1.15, Cardano continues to show an annual return of up to almost 250%.
The price at the time of writing is $0.0479 with a growth of 3.42% in the last 24 hours, and $1.243 billion dollars volume of market capitalization that has allowed it rose to position 11 currently gradually in recent weeks.
Although many enthusiasts in the community promise that the price of Cardano (ADA) by the end of the year could reach a similar level with that of May 2018 ($ 0.41), we are more conservative with this outlook and our indicators give a near prediction of $ 0.128 per token.
If ADA manages to follow the short-term triangular pattern projected to reach cut levels at $ 0.046435 for a couple of weeks, it is possible that it reaches an immediate resistance levels of $ 0.0578 with a gradual impulse for the rest of the year up to a maximum value of $ 0.128.
In the worst scenario, ADA plans to go down to support levels of up to $ 0.037 per unit. However, the RSI indicator is projecting an upward trend for the rest of the year.