In this article, ChangeNOW will break down the basics of Stellar Lumens cryptocurrency and make a prediction on the XLM future price. We base our opinion on the current market chart analysis, opinions of cryptocurrency influencers and our own analytical projections, making a Stellar Lumens price prediction as a result.
What is Stellar Lumens?
Stellar is an open source payments infrastructure. Basically, the idea behind this platform is creating a financial network that would be open to anyone. Stellar connects individuals and financial institutions as well as payment systems. Developing team of Stellar aims at making value transfers cheaper and faster (as well as more trustworthy) comparing to the other systems on the market.
XLM is a native asset of the Stellar network. Just like many other currencies, XLM sure prides its decentralization as well as two other major use features:
– the anti-spam role of crypto
– ability to facilitate multi-currency transactions
To describe everything in greater detail, we would like to first explain what multi-currency transactions are. For example, you send Euros, but your friends would like to get the transfer in Yens. XLM is helping to perform such transfers as an intermediary – with its help, low transaction costs occur.
The anti-spam function is important for the Stellar network, too. A 0.00001 XLM fee is charged with every transaction – it helps to eliminate the network spam without being too high for the participants.
Stellar Lumens Price Prediction 2019
Cryptocurrency market is a highly volatile space, so making cryptocurrency price predictions is generally a challenging task. However, ChangeNOW made short-term and long-term Stellar Lumens price projections, basing our opinion on the current market state, XLM price charts and already-existing Stellar Lumens value predictions. The XLM price chart is provided below.
2018 started on a good note for XLM price. However, the crypto was not keeping up with the forecasts a surged significantly over the course of the year’s first half.
Despite the crash, major cryptocurrency experts consider that 2018 and 2019 will be a good time for XLM. The current price predictions state that the Stellar cryptocurrency will be mostly raising. The long-term Stellar forecasts are quite vague right now. As usual, we warn that long-term cryptocurrency predictions are a very hard thing to make, so think twice before diving head in. Google, for instance, states in their XLM future price prediction, that the currency will reach a mark as high as $50 by December 2021. Impressive, but not quite sure about that yet. The Economy Forecast Agency seems to be more realistic – their Stellar Lumens price chart analysis states that $0.64 is possible by 2020. Other influencers and agencies seem to be agreeing with the Forecast Agency in their predictions. Well, sometimes being realistic does not hurt. Others, however, like Bitcoin Podcasts, seem to be very hyped up about the future of XLM and Stellar Lumens network itself. Just look at this Tweet:
Killer coin? 😅 https://t.co/JrznsZEMLC
— Stellar Lumens (@StellarLumens) December 7, 2018
As you can see, the forecasts for Stellar Lumens future vary. ChangeNOW stays on the positive side – maybe not $50 positive, but there sure is potential for XLM to raise.