Stellar has rallied: what should you do with the lumens in your XLMwallet?

We kept telling you in our previous posts that Stellar was in for large gains. If you followed our advice and stocked up on some lumens, you’re probably very pleased now, because XLM gained 190% in just one month. The question is, what should you do now, less than 2 weeks before the Bitcoin halving?

Stellar spent months lagging behind the other top-10 coins — even in the second half of March, when BTC, ETH and others rallied after the ‘black Thursday’ on March 13. But, if you’ve been following our updates, we were very bullish on Stellar all this time. It’s a coin with a great potential and a strong real-world use case, so sooner or later XLM had to break out.

And around April 4, the rally began — with some local corrections, of course. As you can see from the chart, it’s been very impressive, with the price rising from $0.04 to $0.073.

Stellar also appreciated against BTC, so if you have converted some of your satoshis into XLM a while ago (as we did), you’re happily in green right now.

At the same time, Stellar remains on its no.11 spot in the top-20 by market cap. We are certain that it will break into the top-10 soon, though.

Now the question is, what should you do with the appreciated Stellar coins lying in your XLMwallet?

Should you sell?

What should you expect after such an intense rally? Is there more potential for growth? Or will the XLM price go down now?

Right now the crypto community is waiting for the Bitcoin halving, which will probably happen on May 13. In the first days after the halving the BTC price will most probably go up, so it’s a good speculative opportunity. Traders understand that, and in the coming days they will probably increase their Bitcoin holdings by selling other assets — including Stellar. So we can expect a temporary pullback, perhaps by more than 10%.

But this will only be a short-term decrease, not a true bearish trend. The Bitcoin price rally after the halving won’t last long, because many will start selling their BTC. By the way, many miners have been holding on to their Bitcoins since January, waiting for this moment. Once a big BTC sell-off begins, other crypto can start growing — a sort of a delayed rally. At this point the price of Stellar will recover and grow even higher.

So, if your objective is short-term speculative gain, you can indeed sell at least some of your XLM. But if you’re after maximizing your profits, we suggest that you hodl your lumens at least until July, better even September. That’s also when the global economy will begin to recover from the coronavirus, and the crypto market will probably react positively, too.

Time to adjust your portfolio

By the way, do you know that you can store not only Stellar in the XLMwallet? Our fast and light wallet supports any assets created on the Stellar blockchain. Stellar is a great platform for building crypto projects, and it’s becoming more popular thanks to its near-zero deployment costs. So perhaps now is a good moment to research some recent projects that launched on Stellar and add some new tokens to your portfolio. In XLMwallet, you’ll see all your assets displayed on the same page, with the latest price quotes from CoinMarketCap to make portfolio management even easier.

The next time we meet will probably be very near to the Bitcoin halving — a key date in the crypto calendar for 2020. We are feeling positive about its results, but it will take some months to see the full results. Meanwhile, store your lumens in XLMwallet — the fastest, easiest to use, and most secure Stellar wallet out there! And don’t forget to follow us on Twitter.

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