Stellar Lumens Price Prediction 2021 and Beyond, Will We See The Cryptocurrency Rebound?
Stellar Lumens is a cryptocurrency developed by the Stellar Development Foundation. The cryptocurrency gained popularity during the 2017 cryptocurrency bubble. The cryptocurrency increased its market capitalization and its value considerably, becoming one of the most trusted currencies in the market.
Stellar faced a downturn in fortunes, thanks to the downturn in the cryptocurrency market. In recent months, it has seen a performance improvement. Let us look at the Stellar Lumens price prediction for the short-term and the long-term.
What Is Stellar Lumens?
Jed McCaleb founded Stellar Lumens in 2014. McCaleb is also the founder of Mt.Gox and is the co-founder of Ripple. Jed McCaleb is credited with pioneering the crypto space, making it what it is today. McCaleb partnered with Joyce Kim to launch Stellar. After the launch of Stellar, they founded the Stellar Foundation, in collaboration with Patrick Collinson, the CEO of Stripe. The Stellar Foundation is a non-profit organization supporting the development and adoption of the Stellar Lumens payment network.
Stellar received $3 million in seed funding from Patrick Collinson and Stripe. Since then, the Stellar Foundation has also received funding from other partners.
It has cemented itself as a cross-border payments solution, giving individuals who do not have access to the banking system a store of wealth and a way to transfer funds with minimal transaction fees.
Stellar is also known for their partnership with IBM and building the IBM World Wire – a global network for regulated financial institutions to simultaneously clear and settle cross-border payments in real-time.
What Is XLM?
XLM is Stellar Lumens native cryptocurrency, powering the Stellar blockchain. A total of 100 billion XLM were created. The number was supposed to increase until a total supply of 105 billion was achieved. However, Stellar users vetoed this plan in 2019. The Stellar Foundation regulated the XLM economy, reducing XLM from 105 billion to 50 billion.
XLM's use as fuel for transactions on the Stellar Lumens network also provides the cryptocurrency with value. Out of the 50 billion XLM tokens, 20 billion are in circulation in the market, while the rest are in the Stellar Foundation's custody.
Stellar Lumens Price History And Prediction
Stellar Lumens has been experiencing a difficult period for some time, with the cryptocurrency's value falling below predicted levels. However, things are looking up for the crypto. Stellar Lumens offers cross border payment technology, and the cryptocurrency's growing popularity is expected to drive growth in the long-term.
Currently, XLM is trading at $0.529123, and its market cap is $53.4 billion. The cryptocurrency was at its lowest price point in 2017, trading at $0.002. It staged a revival and reached its all-time highest price of $0.93.
In 2018, the cryptocurrency market as a whole experienced a drop, and XLM was no exception. Thanks to the bear market, XLM was among the worst-performing cryptocurrency in the crypto space losing over 90% of its value from the record prices it set in 2018. XLM ended 2018 at a price of $0.09.
2019 also started on a similar note for XLM, with the cryptocurrency earning the unenviable reputation of being among the worst-performing currency. The highest price XLM achieved in 2019 was $0.16 and recorded a low price of $0.04. The cryptocurrency picked up in 2020 but soon fell to $0.03.
According to the Stellar Lumens price prediction, the cryptocurrency is set to experience a bull run, thanks to renewed interest in crypto by investors and an increase in DeFi projects. It is difficult to predict how high the cryptocurrency will go accurately. However, price predictions state that the XLM could go over $1.
Stellar Lumens Technical Analysis
Technical analysis helps investors and experts understand an asset's long-term growth and its projected value. It does this through chart patterns, trends, and other market signals. Since XLM is a fairly new cryptocurrency, it can experience volatility, setting new high and low records.
Stellar Lumens had fallen off the pace towards the end of 2019, with the cryptocurrency trading at $0.131299 on 31 December 2020. But 2021 breathed new life into Stellar Lumens and the price surged to $0.314850 by 7 January 2021. The currency saw some volatility in January but rallied again from $0.238419 on 28 January 2021 to $0.549358 on 13 February. Currently, the cryptocurrency is trading at $0.529123.
IBM’s World Wire cross border payments platform in partnership with Stellar Lumens has also had a very positive influence on the price of Stellar Lumens. The project hopes to help financial institutions improve services by optimizing foreign exchange, remittances, and cross border payments. The World Wire cross border payments platform is available in more than 50 countries.
Would You Consider Investing In Stellar Lumens XLM?
Let us look at Stellar Lumens price prediction by cryptocurrency experts and the price prediction for 2021-2025.
Stellar Lumens Price Prediction By Cryptocurrency Experts
Cryptocurrency experts have given their own price prediction for Stellar Lumens, helping investors decide if they should invest in the cryptocurrency or not and how much the value of XLM can increase.
Here are top Stellar Lumens price predictions:
Crypto Rating has predicted that XLM will rise to $0.46 within one year. Longer price predictions state that the currency could reach $0.69. Most experts believe that these predictions are rather subdued and modest, given the cryptocurrency's performance in the past.
CoinSwitch has predicted that Stellar Lumen's partnership with IBM and various governments will push the price of XLM to $1 by the end of 2021.
Trading Beasts has made a conservative Stellar Lumens price forecast, predicting that XLM will be around $0.10 in the short-term.
CryptoGround has predicted that XLM will trade around a price of $0.74.
Stellar Lumens Price Prediction 2021
Here are some of the XLM price predictions for 2021
Wallet Investor has predicted a one year forecast of $0.3045 and a five-year forecast of $0.459.
Investing Haven has been rather optimistic regarding the price of XLM, predicting that its price could reach $4 by the end of 2021. According to its projection, Stellar value is achievable if there are no security flaws and the cryptocurrency sector performs well.
Monetize.info believes that the price of XLM could touch $3, thanks to its partnerships with IBM, Stripe, and Deloitte.
Stellar Lumens Price Prediction 2022-2023
The value of XLM will be between $0.60-$0.70 for most of 2022. There could be a slight drop in value sometime around August 2022, but XLM is expected to hold between $0.60 and $0.70.
By 2023, we are likely to see XLM's value increase to $0.80. The cryptocurrency is expected to climb to anywhere between $1-$1.50 by the end of the year.
Stellar Lumens Price Prediction 2025
Most experts believe that by the end of 2025, the price of XLM will be around $3. If we compare it with the current value, it is a 600% increase.
Stellar Lumens Price Prediction: Conclusion
Stellar Lumens has significant potential, and we could see its price appreciate rapidly. This is subject to conditions such as market stability and the performance of Bitcoin.
Several Stellar Lumens Price Prediction models think that XLM could become one of the most sought-after cryptocurrencies in the crypto space, and its value could go up to $5 or beyond. You can do a bit of research if you want more information on the Stellar Lumens price predictions.
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