Stellar Fundamental Analysis
Stellar is an open-source, decentralized protocol that allows you to transfer digital money to fiat and makes cross-border transactions possible between any currency. The Stellar Ecosystem was born in 2014. The project launched an ICO and managed to raise $39 million for its development, and 100 billion coins were deployed. Its token is called Lumen. The Lumens XLM cryptocurrency, which is necessary to have for those who want to use Stellar products, has exceeded all expectations with an impressive takeoff and earned a position among the 10 most popular cryptocurrencies. Stellar reduces the fraction of time between interbank financial operations, and the transaction costs do not exceed 0.001 USD. This saving of time and costs leads to an increase in users, sales, and confidence in the network. Stellar supports more than 1,000 transactions per second with the help of 1 trillion accounts. Stellar is a decentralized network consisting of pairs of servers operating independently of each other, which means that it does not depend on any individual entity.
Stellar Live Price Chart
Stellar tokens, or lumens (XLM), have been trading for several years with mixed results. XLM prices had been mostly hovering around $0.2 or below since 2018 and until the last months of 2020, when the general public interest in crypto rose considerably — together with its prices. XLM peaked on May 16, 2021, when it reached the $0.8 mark. This surge can be attributed in part to Elon Musk’s comments about Bitcoin’s energy usage, which spiked interest towards its ‘greener’ alternatives. Since then, XLM’s price has fallen below $0.4 and keeps falling, but there is hope for its recovery in the community and quite a few predictions about XLM price breaking $1 by the end of 2021.
Stellar Technical Analysis
Despite the fact that 100% accurate technical analysis for Stellar cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated XLM buy-and-sell rating for the selected timeframe. The summary for XLM/USD is based on the most popular technical indicators — Moving Averages, Oscillators, and Pivots.
Stellar Price Prediction
Below we have collected the most reliable price projections for Stellar (XLM) from popular forecast platforms.
#1. WalletInvestor XLM Price Prediction for 2021 and 2025
According to WalletInvestor, Stellar price will grow from $0.3605 to $0.7020 in one year. That makes XLM an awesome investment. The long-term earning potential is 94.73%. The predicted price for the end of 2026 is $1.973.
#2. TradingBeasts XLM Price Prediction for 2021–2022
Answering the question about if Stellar is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.5166070 with growth to $0.5817116 by the end of 2022.
#3. DigitalCoin XLM Price Forecast for 2021–2025
In DigitalCoin analysis, the price of Stellar cryptocurrency will rise in the next 5 years starting from $0.358 as of today’s price to $1.394. It will go up to $0.606 by 2022 and starts its reduction in 2023–2024. Based on the forecast, Stellar is a profitable long-term investment.
#4. LongForecast XLM Price prediction for 2021–2022
In 2021, the average price will go down to $0.255. In 2022, Stellar’s price will rise significantly to an average of $0.288.
While using cryptocurrency is still relatively new for the banking sector, some of the biggest exchanges and banking groups are now looking into using Stellar’s network to send and receive payments. A wide variety of Stellar use cases and an impressive list of partnerships, including IBM, grant Stellar Lumens positive projections and a bright future.
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.