What Is Stellar Lumens (XLM)?
Stellar Lumens (XLM) is designed to solve the global problem of improving global financial infrastructure. It aims to make all the payments quick, easy and inexpensive. The goal of the developers was to create a decentralized consent platform that would provide both ordinary people and large companies the opportunity to conduct transactions without any intermediary links. As opposed to many platforms that would concentrate only on one of those groups.
It helps to significantly reduce transaction costs. And we must say that they managed to do it! ChangeNOW, a leading instant cryptocurrency exchange service, has put together a solid XLM price prediction for years to come.
Jed Mccaleb, the notorious creator of the Ripple network, who left the company because of a conflict with management, became the founder of Stellar network. The new coin appeared as a result of Ripple hard forks, but a year later it switched to its own open-source protocol. Thus, XLM is an improved version of the older protocol. That endured massive criticism for its closed source.
XLM’s Price History
According to Cryptalker, 2018 treated Stellar better than many other currencies. Stellar (XLM) is one of the most technologically superior cryptocurrencies for the banking industry. It is even considered the main competitor of Ripple. Therefore, investors actively responded to new developments offered by the project team. In early 2018, Stellar price prediction was quite optimistic, and the rate was growing. The announcement of cooperation with IBM facilitated it, as well as the first demonstration of the new payment system on which Stellar and IBM worked together. Due to this, the new year for XLM began with the highest positions for the entire 2018 year – 0.83 dollars.
The coin’s price chart for the year showed calm dynamics, except for two growth spurts. The first came at the beginning of January and showed a maximum price of $0.88. The cause for this was the addition of Stellar to the list of trading pairs on the OKEx exchange, although the general rise in the market certainly also played a role. Then the course smoothly descended over four months, and only in May again began to show an upward trend. At that time, XLM price prediction for 2019 became less optimistic.
The second spurt occurred in July against the background of several resonant news. In particular, listing on Coinbase, obtaining Sharia certification from the Bank of Bahrain, collaboration with IBM. As usual, such big announcements affected the opinions on Stellar Lumens future. Traders saw great possibilities that would come with investment in Stellar.
Stellar Lumens (XLM) Price Prediction 2019
One of the fundamental advantages of the Stellar system is the ability to work on independent nodes and the lack of control from a narrow circle of people. In other words, it means complete decentralization. Even when servers fail, users can maintain the platform at the expense of independent nodes. In addition, decentralization guarantees privacy during financial transactions. And what is also very important: there are no elected participants in the system. Everyone, from large companies to single miners, has equal opportunities. This also makes Stellar Lumens future shine with excellent prospects.
In addition, in the last few months, we saw how large companies got interested in the network. It has strengthened Stellar’s credibility to the point where not only stellar lumen price prediction for 2019 promise a steady growth but also Stellar Lumens price prediction for 2019, 2023 agree on an increase in Stellar’s trading value.
Stellar Lumen Price Prediction 2020
According to Stellar lumens forecast, 2019 will be a preparatory year for cryptocurrencies, and in 2020 their active use will begin. Therefore, by the beginning of 2020 is expected to increase the rate of Stellar to $0.24. However, experts do not expect a rapid breakthrough for XLM in 2020. In particular, the rate fixed in January will be the maximum for the whole year.
Immediately after January, it is expected a smooth decline in the rate, which will last until April. By the spring of 2020, Stellar will fall below $0.2. The estimated cost at the lower peak will be $0.18. At the same time, XLM will not stay at the bottom for a long time, and in the last month of spring the price will return again above $0.2, and will be fixed at about $0.21.
According to XLM price prediction 2020, there will be a long period of stability which will cover the whole 5 months. All this time, the cryptocurrency will either rise slightly (not higher than $0.219) or fall below $0.2 (according to the experts” Stellar Lumens forecast – to $0.195). This situation will last until October when the value of the cryptocurrency will begin to jump. In the middle of autumn, it will fail to $0.166, and by November it will jump up again to $0.21. December will be the most unfavourable month for XLM. Experts predict that the cost of Stellar will collapse below $0.1 per crypto coin, and will stop at around $0.091.
Stellar Lumen Price Prediction 2021-2023
“Roller coaster” for Stellar will not be over yet by January 2021, and the coin will start to grow again, just a month to win back the lost position. According to experts, the price of the asset will rise to $0.23, and this is not the end. In the future, the growth will continue, and by spring XLM will finally break the mark of $0.3, reaching the top peak ($0.32) by April.
Then the cryptocurrency should go into a deep correction, and this period will begin in May 2021. The cost in the last month of spring will probably be at $0.26, and the decline will continue in the summer. In July, the price will drop to $0.22, and in August – to $0.15. However, the end of 2021 will allow Stellar to win back the lost positions. Pushing off from the lower peak, the coin will again begin to grow at an accelerated pace.
In particular, the $0.29 mark may be broken in September 2021. In October, it is also expected a slight decline in price to make the next jump. This time XLM will grow to $0.3, and will be fixed. The end of 2021 and the beginning of 2022 will be a period of stability for the cryptocurrency. The cryptocurrency will last around $0.3 for the next three months, and the XLM price prediction for 2023 will also be positive.
Can XLM rate grow faster?
Of course, there are opportunities for accelerated growth of Stellar. To do this, you need to understand the specifics of this cryptocurrency, and some features. XLM does not compete with BTC or ETH for the title of best coin for users. The target audience of Stellar is the financial industry of business, so its main competitor is Ripple.
Since Ripple is focused on large banks, Stellar has the opportunity to occupy the remaining niches. In particular, it can be money transfers, as well as cross-border payments in small, local banks that are not interesting for Ripple. If Stellar offers a cheaper (though perhaps less functional) product, it will be able to take its niche. According to experts, this can be an impetus for the accelerated growth of price and prosperous Stellar Lumens future.
Don’t forget that Stellar is also a platform for ICO, as well as for the development of decentralized exchanges. With the progress of cryptocurrencies, more and more companies and startups will be interested in tokenization. Convenient and functional Stellar product can seriously help with this.
Another event that will affect the value of the cryptocurrency is the integration of the Lightning Network. Analysts expect Stellar to complete the process by the end of 2019. If this happens, there will be new opportunities for scaling the network, which will further speed up transactions, and offer banks and organizations specializing in money transfers new options.
If all of these events come true, the cost of XLM can grow very rapidly. In particular, the cryptocurrency will not get stuck at $0.2 in 2020. Experts believe that due to the functionality of Stellar services, as well as to good work with customers, the price of cryptocurrency will be around $0.3 by January 2020. The more companies will be able to join Stellar products, there will be more intensive growth. Analysts predict that if it is possible to create a product that will really interest banks, the cost of the coin by 2025 can grow to $1. Stellar is a fairly well-known cryptocurrency, and it really has prospects.
We hope you’ve enjoyed our XLM price prediction! Stay tuned for more guides and educational articles on ChangeNOW‘s blog!
*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.