What is Stellar Lumens (XLM)?
Stellar is a completely decentralized platform in which its own cryptocurrency, called XLM (star lumens), operates. The project aims to become an intermediary or a buffer between the current financial world and decentralized cryptocurrencies. The system allows for cross-platform transactions in any currency pair.
ChangeNOW, a leading instant cryptocurrency exchange service, is here to deliver a Stellar Lumens price prediction based on market analysis and other аnalytical projections.
Stellar Lumens platform has a unique consensus protocol, the Stellar Consensus Protocol (SCP). Under closer inspection, it is significantly different from proof-of-work, proof-of-stake and other types of protocols. SCP allows the network to reach a consensus without using a closed system to record transactions and without the unanimous consent of users. Such an approach resolves the issues of decentralization and scalability.
Price of Stellar Lumens Today
The price of Stellar Lumens, like the price of all altcoins, showed an incredible increase in the winter of 2017. Then, Stellar coin price rose in price from $0.029 in November 2017 to $0.93 in next January. Moreover, XLM coin price rate turned out to be more stable than that of most competitors in the market. Since January 2018, Stellar Lumens price fell by more than 70%. And this is taking into account the trend of 2018 when the overall market decline has exceeded 80%. Stellar XLM stock price seems to be more stable for most of its top 10 neighbours by market capitalization. During 2018 Stellar Lumens price hasn’t crossed the line of $0.5 and the beginning of 2019 only starting to show a mild uptrend.
If you are a somewhat experienced trader you may look at this chart showing XLM price history. With an educated guess you will be able to make you own Stellar Lumens price prediction for 2019 knowing its price today.
Stellar Lumens Price Prediction 2019
Based on the initial plans of the creators of the stellar coin, its future prospects will depend on the number of financial structures that will begin to cooperate with the platform. Announcements about a new contract signing between representatives of the XLM coin and the new company has a positive effect on the currency rates. The most promising partnership contract for this platform was in cooperation with the IT giant, IBM. Most likely, such a partnership would benefit Stellar.
The platform is in demand. There are many projects created on the basis of Stellar, namely, SatoshiPay, Blockbook, BlockEQ, etc. Such demand should have a positive impact on the coin’s price in a couple of years.
However, the significant rise should not be expected in a couple of years. The analysts call it currency for long term investments only.
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