Steller, one of the top-10 cryptocurrency that Survived all Crypto seasons, From an all-time price of $0.9 in Jan 2018 to as low as $0.02 in 2019, the XLM coin is always being traders fav and a Great Stake to have. While writing, the XLM price is $0.04 with 3% Up.
“ Cryptocurrency experts refer to Stellar ( XLM ) as a Cherry on Cake, everyone should stake it ”Survey on Stellar Price prediction surprised us with the price growth into two times and more in coming days.
Let’s Dive into some Stellar Lumens’ price Predictions and Market factors that indicate the boost of XLM. We have Put down future Stellar Predictions, researched from different sources.
Stellar Price Today
With the Market Cap of [coinsMKTCAP sym=”XLM”] and a huge circulating supply of 20,291,175,019 XLM coins, Stellar sells for [coins symbol=”XLM”]. Stellar is in 13th place in the rating of world cryptocurrencies. It is available on multiple exchange platforms. Thus, you can easily purchase some stellar coins.
Just in case you are beginning with Stellar Cryptocurrency ( XLM ).
What is Stellar XLM?
Stellar is on blockchain-based protocol but is faster in processing transactions. It allows 2 to 5 seconds of exchanges between fiat and crypto and exchanges between fiat money. Majorly based on blockchain, the team has tweaked the protocol to the Stellar Consensus Protocol (SCP). SCP strives to be better by being configurable, fast, and highly energy efficient
Stellar’s currency is called lumens, or XLM. The crypto doesn’t allow mining and the majority of these are held by the non-profit Stellar.org.
Stellar was introduced by Jed McCaleb in the year 2014. It is an open-source network, distributed, and community-owned network.
The main objective of Stellar coin is to aid the cross-asset transfer of value at a fraction of a penny while targeting to be an open financial system that provides people of all income levels access to less cost financial services.
XLM Technical Analysis
XLM has been in circulation since Aug 2014. But Sparkled with the rise of Cryptocurrency hype in 2017 Dec.
A couple of years ago, the XLM price faced a major breakdown. The stellar coin price in April 2017 was below $.002 USD. However, it started to gain some attention in late 2017 summer.
Stellar price increased in January 2018, when you compare it to April of 2017. Also, the coin has grown 2,900% in one year! Which is pretty amazing!
The highest point in December was $.31 cents. Then in January 2018, Stellar raised to a new peak growing to its all-time high of $.93 cents which is yet to be reached again. Stellar is among the few cryptos which have survived the Crypto winter and emerged as a winner.
However, 2019 was a disappointing year for this crypto. Starting the year at $0.1 cent, XLM saw a gradual decrease throughout the year. Moreover, Stellar burning 50% of XLM coins has further diminished the growth of the coin. Although, it’s possible that Stellar could lose more value against Bitcoin, it is unlikely to crash against fiat currencies like the USD.
( Ask your Crypto friends on twitter )
Stellar Price Prediction 2020
By analyzing the current performance, we can observe that XLM might get over 120% in the course of 2020, reaching the maximal price of $0.60 by the end of the year. Moreover, Google predicts $50 per one XLM unit in 2020, which is more than enthusiastic at this point.
However, opinions are divided, so few experts predict that XLM will only get closer to its previously set record price by reaching the value of $0.70 by the end of 2020. This was the earlier assumption.
With the news of Stellar burning 55 million of tokens, the Experts predict the price may increase by 50 to 60 percent by the end of 2020.
- WalletInvestor predicts XLM will trade at $0.0165 by the end of 2020.
- LongForecast.com, however, predicts a bearish trend in 2020. XLM will fall to the price of $0.028 in late 2020.
- According to TradingBeasts, Stellar will cost $0.05 this year and will grow to $0.07 this price until 2021.
- AltPocket.io claims XLM will have a bullish approach in 2020. The XLM price would reach $0.10 in 2020
XLM Price Prediction for 2021
Experts have a positive outlook on XLM in 2021. Although 2021 is predicted to be unstable for XLM, analysts believe that XLM will be traded between $0.014 and $0.035. Partnerships and IBM collaborations would play a major role in deciding the XLM future in 2021.
Stellar Price Prediction 5 years
Accordingly, with the latest performance of XLM and its established growth, we can predict based on calculations that XLM might go for $1.19 by the end of 2025.
However, few enthusiasts believe that XLM will get above this value, skyrocketing with the increased use of Stellar as one of the fastest currencies in the crypto market.
Stellar Recent Updates
Stellar Burnt Half of its Lumen Token Supply
To reshuffle its development strategy, the Stellar Development Foundation (SDF), has burned 55 billion Lumen tokens. The SDF drastically reduced the token supply of Lumen tokens from 105 billion to around 50 billion. The burnt tokens were worth $4.7 billion USD. The burnt tokens are from the foundation’s supply, which the team claims to have been holding. As per the post, Stellar plans to dedicate the remaining tokens to what Stellar needs the most. The foundation had categorized tokens.
- 20 billion out in the world
- 17 billion in SDF’s operating fund
- 68 billion remained earmarked for giveaway programs administered by SDF
The burning took place in phases. Before the announcement, about 5 billion lumens were burnt from the firm’s operating fund. Another 50 billion were burnt from the tokens set aside for the Giveaway program. Besides this burning, Stellar also ended it’s Stellar’s World Giveaway Program and Partner Giveaway programs.
As a result, Stellar Lumen price skyrocketed with few hours. The lumen price chart saw a 25% hike after the November 4, 2019 announcement.
Stellar Updated the Protocol
Stellar announced a new update to its protocol to increase the viability of cross-border payments using XLM. As a result, the inflation program in Stellar ended.
The earlier model added 1% to XLM supply every year. the XLM was distributed to the stakeholders weekly after a voting process. However, the XLM was not distributed as expected. Hence, instead of distributing the fees, it will begin burning the fees paid for conduction transactions on Stellar.
The stellar network runs on a unique algorithm that allows transactions at a faster pace as compared to the blockchain. XLM the coin introduced on this Stellar network.
Will XLM reach $1 in 2020?
No, XLM will face high resistance in 2020, Experts believe. It will be hard to attain $1 for XLM in 2020.
Is XLM an ERC-20 token?
No, XLM runs on Stellar blockchain. It is not related to Ethereum tokens.
Is Stellar a dead investment in 2020?
Although, it’s possible that Stellar could lose more value against Bitcoin, it is unlikely to crash severely against fiat currencies like the USD. So, XLM cannot be termed as a dead investment.