Stellar is an Altcoin based on Bitcoin’s source code. Jed McCaleb and Joyce Kim founded the platform at the beginning of 2014 during their work on the Ripple system. The XLM coin was later reconstructed as an independent project powered by Stellar Lumens. The Stellar Development Foundation was created to support the maintenance of currency and its development.
Stellar support several different services on top of its Blockchain, including token issuance, desktop client, and decentralized exchange. The coin also provides Horizon API to build new apps utilizing Stellar technologies.
Stellar (XLM) Lumen is one of the most popular Cryptocurrencies in blockchain-related communities, and traditional businesses as it provides excellent transaction rates, is adaptable and easily accessible. Through constant development and influential community, experts believe a positive price performance for Stellar Lumens for the year 2020.
Table of Contents
- 1 XLM History and Recent Developments
- 2 Stellar Lumens Price Prediction 2020 by Market Experts
- 2.1 XLM Price Prediction by Beincrypto.com
- 2.2 XLM Price Prediction by WalletInvestor
- 2.3 XLM Price Prediction by LongForecast.com
- 2.4 XLM Price Prediction by AltPocket.io
- 2.5 XLM Price Prediction by Crypto Rating
- 2.6 XLM Price Prediction by Crypto Ground
- 2.7 XLM Price Prediction by The Economy Forecast Agency
- 3 Longforecast XLM Price Prediction for 2020, 2021, 2022, 2023 and 2024
- 4 Stellar Price Prediction 2025
- 5 Our Viewpoint Regarding Stellar XLM Price Prediction
- 6 Frequently Asked Questions about XLM
- 7 Conclusion
XLM History and Recent Developments
Similar to almost every coin, the worst year in the XLM price was 2018. It showed no positive trend, and the price continued to decrease from $0.7 to $0.08 per coin. However, there was a significant increase in XLM prices in mid-2019 when the bear market ended, helping the coin reach approximately $0.16.
Stellar performed incredibly well recently when the news reached investors about the former Mozilla COO joining the Stellar Foundation. As per the recent reports, Stellar Lumens (XLM) is growing at a rapid pace. The head of Stellar Foundation Partnerships, Lisa Nestor, reported that Stellar is working to boost its representations in many countries, including the United States and South America.
You can also trade XLM on various leading exchanges, which is a significant step for XLM to show its abilities and worth. Also, XLM’s founder Jed McCaleb recently announced partnerships with 30 banks and projects like Mobius, Hashcash, and Satoshi Pay.
Use Cases for Stellar Include
- In-house and inter-entity micropayments
- Sending Remittances
- Improvement of the security for transactions
- Automatic currency exchange
Stellar is already implemented by organizations like Parkway Projects, Deloitte, and a few others. The enterprise-friendliness of the coin is often behind the optimistic XLM price predictions.
Stellar Lumens Price Prediction 2020 by Market Experts
Since the market is exceptionally volatile, predicting Cryptocurrency prices are difficult. However, one thing becomes certain by taking a look at all the market enthusiasts, publications, and traders, there is plenty of hope for investors betting on XLM.
Stellar Lumen, the project’s digital currency unit, has a low price per coin. Such coins are mainly obtained in large numbers (or invested in). The price of 1 XLM was around 0.2 cents for almost three years since its launch, and the major increase in price took place in May 2017. Another significant rise in the price started in November 2017, pushing the coin to its all-time high of 85 cents.
In terms of the XLM price forecast, several possibilities are plausible. Let’s take a look at what the experts think regarding the future of XLM.
XLM Price Prediction by Beincrypto.com
Based on a three-day candlestick chart analysis from January and March 2018, Beincrypto.com predicts the XLM price to be around $0.7 by December 2020. However, this is a highly optimistic prediction by Beincrypto and is open to debate.
XLM Price Prediction by WalletInvestor
Based on the current pattern and basic technical research, WalletInvestor expects that XLM will be traded at $0.0165 in the fourth quarter of 2020.
XLM Price Prediction by LongForecast.com
LongForecast.com predicts that in the next few years, we cannot expect any good returns from XLM. The coin will fall to $0.048 by the end of the year 2020.
XLM Price Prediction by AltPocket.io
Despite the apparent downward trend, the experts at AltPocket anticipate long-term growth and predict that Stellar’s coin price will increase to $1 in 2020 and $3 by 2025. However, this again is a highly optimistic price prediction of XLM.
XLM Price Prediction by Crypto Rating
Crypto Rating forecasts the price to reach $0.462117 in 2020 and $0.690293 by the year 2025. The forecast is based on pricing algorithms and the price fluctuations that took place over the past six months.
XLM Price Prediction by Crypto Ground
According to Crypto Ground, within one year, XLM will hit the $0.1054 mark and would be able to go as high as $0.7422 within five years.
XLM Price Prediction by The Economy Forecast Agency
Economy Forecast Agency has a long-range prediction model to provide investors with accurate market predictions. According to their experts, XLM will see an average value of $0.34 in 2020.
Longforecast XLM Price Prediction for 2020, 2021, 2022, 2023 and 2024
Longforecast is famous for its long-term price predictions. The website uses various data and technicals to come up with price forecasts for various coins. As per its XLM price prediction, the coin will reach new highs for the year 2020. However, the website predicts that XLM price will enter a long-term downtrend in Mid-2021 which will last till 2023. Overall, the XLM price prediction by Longforecast looks bearish, picturing a price below $0.5 for the next five years.
Stellar Price Prediction 2025
In a five-year time-frame, Stellar will evolve into one of the most popular Cryptocurrencies, if the growth rate continues at the same pace. Some experts predict that Stellar might reach $5 by the end of 2025. There are also high chances that it will break its all-time high within the next three years by surpassing $1.
It will increase in market capitalization since most veterans expect that Stellar will have more success in the future than Bitcoin in percentage gains. Through the partnership between IBM and the Australian government, Stellar will be one of the Altcoins that might have considerable success.
Our Viewpoint Regarding Stellar XLM Price Prediction
We are optimistic and quite confident regarding the future price performance for Stellar Lumens. We believe that a bull run will eventually take place before 2025, which will help XLM reach new highs.
XLM will see an increase likely because of the following reasons:
- It has an excellent project team led by Jed McCaleb, who is one of the founders of Ripple.
- It is in partnership with companies such as IBM, Microsoft, Wirex, etc.
- In comparison to Bitcoin’s growth since the start of the year, Stellar Lumen’s worth looks underestimated. Therefore, making it an excellent time to invest in the platform.
Over three to five years, the value of Stellar Lumens will likely go up to $0.50 and can go as high as three dollars by the year 2030.
Frequently Asked Questions about XLM
Will XLM hit $1?
XLM has a lot of potentials to go up. Its All-Time High price was $0.8, just 20 cents less than a dollar. With the recent development and adoption, it is likely that Stellar Lumens XLM will hit $1 in case a bull run takes place.
Who owns XLM?
No entity owns or controls XLM. Stellar Lumens is a decentralized and an open-source protocol. However, the Stellar coin is supported by a Non-Profit Stellar Development Foundation.
What is XLM used for?
XLM is primarily used for making transaction across the border. Stellar Lumens is also extremely versatile, and you can use it for online shopping. To expand its reach, XLM has entered into partnerships with various financial institutions across the globe such as Coins.ph in Philippine, Oradian in Nigeria and ICICI Bank in India.
Where is XLM traded?
You can trade XLM on almost all popular Cryptocurrency exchanges. Some of the places where XLM can be traded are Binance, Bittrex, Poloniex and HitBTC.
Why is XLM falling?
XLM and Cryptocurrencies are generally tied to Bitcoin. Hence, if Bitcoin falls, all other Cryptocurrencies lose its value in terms of USD. XLM is falling because there is extreme volatility in the Cryptocurrency market, and it is currently in a downtrend channel.
Is XLM dead?
A mere price fall or constant downtrend does not mean that Stellar Lumens is dead. On the contrary, XLM is making some serious development with mobile-based financial platforms, and its price will likely surge in the coming years.
Can XLM reach $10 or $100?
There is a high possibility that XLM Stellar Lumens can reach $1. However, when it comes to $5, $10 or $100, it is quite unlikely since such a price will make XLM more valuable than Ethereum in terms of market capitalization. Also, XLM’s main rival XRP prevents it from reaching values higher than a dollar.
Despite its current devaluation, Stellar Lumens has strong fundamentals and committed team to maintain the protocol. With recent developments and partnerships, XLM is definitely a good investment for the long-term. XLM carries the potential of a significant increase in worth in the years to come, as illustrated by the forecast from multiple industry experts. Due to the bullish predictions above, we recommend XLM for long-term investment for individuals looking to make money in the cryptocurrency market.