Stellar Lumens tracked back by around 20% in the past 7 days reaching the price of $0,03 and market capitalisation of $488 million in comparison with $711 million marketcap on October 24.
Stellar Lumens Charts
Only two weeks ago the cryptocurrency saw 110% price jump which was linked to cooperation of IBM, Stellar.org and a number of banking partners announced on October 16. The cooperation aimed at cross border payments possible on the blockchain.
Within two weeks after the announcement it seems like the market euphoria in response to the news is calming, and the price of Lumens is going down.
Its price is expected to keep decreasing until the new Bitcoin fork Segwit2x which will be implemented in November 2017.
The coin price is currently remaining at the point of $0.029, which is far from the highest price it had in May 2017 costing $0.06, and it’s hard to predict if it will rise back or not in the nearest future.