2. What is Stellar (XLM)?
3. Stellar (XLM) Price Prediction by market
4. Coinnounce’s Stellar Price Prediction
- Stellar Lumens Price Prediction 2020
- Stellar Lumens Price Prediction 2025
- Stellar Lumens Price Prediction 2018
5. Frequently Asked Questions (FAQ)
Over the years, several cryptocurrencies and altcoins have entered the cryptocurrency market, but only a few were able to gain popularity among the community. Stellar is one of those cryptocurrencies that have made it to the list of top 10 cryptocurrencies based on their market cap.
Released in 2014, Stellar was created by the co-founder of Ripple and founder of Mt. Gox, Jed McCaleb. Along with Jed was former lawyer Joyce Kim who serves as the co-founder of the Stellar platform. This project was launched in collaboration with the Stripe CEO Patrick Collison and the nonprofit Stellar Development Foundation. Stellar received $3 million as funding from Stripe.
The platform had about 100 billion Stellars when it was launched, and 25% of the Stellars were to be distributed to other nonprofit organizations working for financial inclusion. In just one year, Stellar grew as, by 2015, it had more than 3 million users, and the market cap of the project reached $15 million.
Note: Earlier launched as the cryptocurrency for the Stellar network, Stellar was renamed as Lumens or XLM.
Currently, trading at $0.06042 with strong resistance at $0.06100 and support at $0.05970, XLM is facing a downward correction in the charts, but in the last 24 hours, the price has increased by 1.40%. Stellar Lumens or XLM rests on the 10th position in the list with a market cap of $1,216,483,191.
What is Stellar (XLM)?
Stellar is a cryptocurrency that is based on an open-source, decentralized protocol that allows the exchange between digital currency and fiat currency and allows cross-border transactions. In the past five years, Stellar has seen massive growth in the market as it reached some significant milestones. In 2017, Stellar partnered with IBM and KlickEx to begin cross-border transactions for the South Pacific region.
The advantages of Stellar:
- focused to integrate distributed ledger technology in financial infrastructure
- allowing organizations to use its network to reduce transactions and remittance costs
- high-speed transactions at low transactions cost
- micropayments between businesses and private entities
Stellar Lumens Price Prediction by the market (XLM)
1. Mega Crypto
Mega Crypto is always optimistic about every cryptocurrency, and its the same case with XLM as well. They believe that the price can reach $5.10 by 2019 end.
2. Economy Forecast Agency
The Economy Forecast Agency has predicted that the price for Stellar Lumens can go as high as $0.64 by 2020. This is a realistic price prediction that we can believe.
This site has predicted that the price for 2020 will range between $0.07 to $0.2. This is a safe bet that the platform has placed with this range.
Even though the market is declining for cryptocurrencies, analysts at AltPocket.io are positive about the growth and predicted that the price might reach $10 by 2020 and $30 by 2025.
WalletInvestor has predicted that in the next five years, the price will increase and reach $1.005 starting from 2020. This can be a possibility depending on the growth and demand of the altcoin in the market.
Coinnounce’s Stellar Price Predictions
As the crypto market is going through a steady decline for most of the cryptocurrencies, it is impossible to make an accurate prediction for the price. However, with the market position of XLM, it looks like the altcoin is slowly gaining popularity again, which will increase it’s price soon.
Stellar Lumens Price Prediction 2020
With an overall crypto market slump, the price for XLM has decreased as well, and it is predicted that the price for XLM can reach $0.05750 in early 2020.
The price will, however, increase over time, and the price might reach $0.55 by the end of 2020. Liverpool is aiming to become the first carbon-positive city in the world with the help of the Stellar network.
Note: Deloitte informed about their association with Stellar in 2016 and how both the companies are working together to build Deloitte Digital bank – a cross-border payments application.
Stellar Lumens Price Prediction 2025
If the growth of the cryptocurrency continues, in the next five years, we can expect its position to move upwards and try to reach the top 7 or top 5 cryptocurrencies.
With the increase in popularity, it is predicted that the price can reach the mark of $1.5-$2 by the end of 2025, and it will continue the growth to further price points.
Note: Recently, Stellar announced its partnership with the global platform TransferTo, which will help in boosting the international money transfer scenario.
Stellar Lumens Price Prediction 2018
Stellar Lumens has seen impressive growth in its adoption since it was launched, and 2018 was the year when its price was at a peak. With a price level of $0.44973, it was predicted that XLM would see massive improvements by the end of the year, but unfortunately, the price started declining.
In December 2018, Stellar Lumens’ price was reaching $0.11351, and it was continuously declining. This changed the upcoming predictions completely, taking the prices further down.
Note: Jed McCaleb announced their plans to partner up with more than 30 banks to promote the use of the Stellar network and cryptocurrency.
Frequently Asked Question (FAQ)
1. Can Stellar Lumens be mined?
No, Stellar Lumens coins cannot be mined as the maximum supply for the crypto asset was released during its inception.
2. How many XLM coins are there?
With a maximum supply value of a little over 100 billion Stellar Lumens coins, there are about 7 billion XLM coins in circulation right now.
3. Is Stellar a good investment?
According to the future price predictions done by our analysts and various other platforms, the future for Stellar is bearish, and it can be considered as a good investment.
With a market position in the 10th place, Stellar has done well as compared to its competitors in the last five years. With a positive outlook from the whole crypto community, it looks like Stellar Lumens is a project that is here to stay and slowly climb the ladder of top cryptocurrencies.