This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
With the ever-changing economic situation due to the pandemic, it can be difficult for crypto traders to understand the market dynamics. The high volatility means investors will now look to focus on crypto coins that will yield optimal returns in the long term.
High volatility is the main reasons many people don’t put their investments or savings in cryptocurrencies. While industries and the stock markets are experiencing volatility due to the changing federal policies and restrictions, crypto markets were seeing high elasticity way before the pandemic.
Nevertheless, the Stellar (XLM) is one of the best coins to help you out in the long run. We will discuss its’ price predictions in 2023 and what changes we can expect at its price till the end of the decade. Let’s get an overview of what Stellar (XLM) is all about before we move towards its technical analysis. sometime confused with “XML price prediction”
The price of Stellar has increased by 2.34% over the last 24 hours. It currently has a market cap of over $2 billion, and it is currently trading at $0.1131. The price of Stellar was at $0.001227 in November 2014, which was its lowest point since it was first introduced. In 2020, it experienced a trend reversal and went back up to $0.118. Since its inception, the price of Stellar has changed significantly. This is why it is important for investors to establish long or short positions in the cryptocurrency.
Table of Contents
- Stellar (XLM) Basics
- How Stellar (XLM) Stands Out in the Crypto Market?
- Stellar (XLM) Overview
- Stellar XLM Statistical Overview
- Stellar XLM: Historical Analysis
- Stellar XLM: Technical Analysis
- Stellar XLM Price Prediction for 2023
- Stellar XLM Price Prediction for 2024
- Stellar XLM Price Prediction for 2025
- Stellar XLM Price Prediction for 2030
- Where to Trade Stellar?
- Stellar XLM Price Prediction: FAQs
Stellar (XLM) Basics
The basics of Stellar are on blockchain technology, which is quite similar to Bitcoin and Ethereum. Cryptocurrencies are a digital currency that allows you to trade on decentralized platforms known as blockchain.
By letting people trade on decentralized platforms, it saves virtual currencies from counterfeiting. Moreover, it also eliminates the problem that comes along with traditional currency, such as double-spending.
Another thing about cryptocurrencies is that there is no government intervention in issuing or trading activity. As a result, it led to numerous cryptocurrencies coming up. After the success and growth of Bitcoin, we saw plenty of cryptocurrencies popping up, including the Stellar XLM.
The Stellar XLM has more than 22.5 billion coins surfacing in the market, with a total pool of fifty billion. Although there were more than 100 billion lumens available in the market, the Stellar Foundation decided to burn almost 50 billion of them. As a result, it led to an uptick in the price of lumens.
However, that price rise stayed only for a short time. The burning of coins is a contentious move. It tells about the possible manipulation these decentralized networks need to provide security against.
There are over 24 million XLM coins in circulation, and the total supply of these coins is 50,001,806,812. On CoinMarketCap, the position of Stellar is #24. Through Stellar lumen declined in May 2020, the coin is still the top pick for investors and traders, making it the best performing altcoins.
How Stellar (XLM) Stands Out in the Crypto Market?
Stellar XLM has numerous features that help the virtual currency to stand out in the market. The growing concern of cyber threats and identity theft is a problem for many people. However, using Stellar Lumens can stop it as they incorporate the KYC functionalities.
The use of KYC ensures that the Stellar XLM will now find itself in a favorable position with the regulations in the North American and the European markets. Using KYC means that Stellar XLM gives you complete privacy and data protection.
Moreover, another great thing about this cryptocurrency is that you can find it on various exchanges. It makes it easy for you to trade, buy, sell, or liquidate your crypto holding with any platform at your convenience. High liquidity ensures that when there is a movement in the market, it won’t impact the price that much.
Another thing about the Stellar Lumen is that you can expect it to grow with the market. The rise in the price of Bitcoin led to an increase in the altcoins’ value significantly, including Stellar XLM. It implies if you have a good understanding of where the market is going, you can make good returns on it.
In addition, the team behind this cryptocurrency is dynamic and works around the clock. Usually, cryptocurrency projects that don’t have a very strong team behind them tend to fail. It is why it’s imperative to have a robust team behind the cryptocurrency that the Stellar XLM does have.
Other various features that are helping in increasing the price of Stellar XLM include:
- The overall user experience is great
- You can find it on various exchanges
- It offers its users the capabilities of the smart contract
- You can use it for transactions to make payments, trade items, etc
Stellar (XLM) Overview
Stellar has a cryptocurrency, which is called the lumen. It is found under the symbol XLM on multiple cryptocurrency exchanges. Stellar Development Foundation is behind the creation of its digital/virtual currency.
With numerous benefits and staggering growth, the currency is grabbing the investor’s attention. Investors/traders can use the lumens to trade on the stellar network. The network is on the blockchain technology that links with the banks, POS, and other people to allow them to make payments, cross-asset transfers of value, and much more.
One of the best things about Stellar is that it is a decentralized protocol. Since it is on an open-source code, you can use it to transfer virtual cash to fiat money throughout the US and globally. Stellar is growth can easily be seen with the numbers as it is one of the rapidly growing altcoins.
The Stellar Development foundation aims to increase access to financial tools and improve literacy by creating affordable and easy access to the financial system. That is where they decided to launch the Stellar XLM. The company, with the seed funding of $3 million from Stripe, launched the digital currency.
Stellar XLM Statistical Overview
Stellar XLM: Historical Analysis
The recovery of the stock and crypto markets after the pandemic led the prices of the XLM cryptocurrency to rise around $0.0796 or 0.0800. If we go further back in the history of the XLM, the ICO (initial coin offering) back in September 214 was $0.0003.
It saw a further decline due to its bad performance as the price went to $0.001. Many external factors contributed to the decline of the value of Stellar XLM. Nevertheless, this particular cryptocurrency reached an all-time high at the start of 2018. The coin’s all-time high value reached $0.9381.
However, the spike in the price was short-lived, and it dropped back again. Upon reaching the high limits in the first quarter of 2018, the bearish trend for Stellar Lumen continued. The coin saw a bearish situation throughout the year and lost its value by around 90% to around $0.09.
It remained in the same range for around more than a year, with the highest value going for Stellar Lumen going to $0.16 in 2019. The year 2019 did not do much for Stellar lumen as it saw a continuous decline in its value over time.
The price in comparison with the performance and the market cap led to a bad name for this cryptocurrency. As the crypto coin saw a drastic fall in prices, many analysts considered it to be the end of Stellar Lumen.
However, in 2020, the prices of the Stellar Lumen were rising gradually due to the widespread adoption and usage of cryptocurrencies. Then the pandemic hampered the coin’s growth, and it fell again to $0.03. Even at this point, the coin was still valuable compared to the first few years after its creation.
The XLM saw growth after October 2020 and reached an all-time thing of $0.9381, but with corrections, it came back to below the $0.2914 mark.
Stellar XLM: Technical Analysis
If we look at the trends, there have been ups and downs in the value of the Stellar Lumen. But the key take away from this graph is that it has never drowned. Therefore, it is safe to say that you can expect it to rise in the short and long term.
As per our research and findings, we can expect that after five years of dips and ups, the coin will hit an all-time high value by 2023. The current price of Stellar XLM is around $ 0.180395. It means that all of the altcoins will see a rise in their values.
There are numerous advantages of the Stellar Lumen, fueling its growth and transgressing it towards new values, such as:
- Possibility of making the seamless transaction
- Reliability and quickness
- Straightforward currency exchange
- Transparency in the system
Let’s go over the price prediction regarding what we can expect from it in 2023, 2024, and 2025.
Hundreds of nodes all around the world confirm the legitimacy of Stellar. Anyone can access its core. It can be used to track ownership. Unlike other cryptocurrencies, Stellar doesn’t have a central authority. This means that nobody can alter the numbers or stop the network.
The development of new collaborations, innovations, and adoptions could help Stellar make the most of 2023. Furthermore, the price of XLM could go up due to the positive developments of the past year.
A potential market dump or negative criticism could push the price to $0.1174. On the other hand, a balance in trade activities would end the year 2023 at $0.1456, with a potential return to $0.1174.
Stellar XLM Price Prediction for 2023
With the same trajectory of rising prices, we can expect the Stellar XLM to continue its upward trend, reaching the price of $0.54. The highest we can expect the Stellar Lumens to go is around $0.62 for 2023. Whereas, if you look at the downside, we can expect it to be approximately $0.48 for the lowest.
Stellar XLM Price Prediction for 2024
For 2024, we can expect the Stellar XLM to reach $0.63 by the end of that particular year. If we take about the highest value, we can expect it to be around $0.75. On the flip side, the low of the Stellar XLM can be anywhere near $0.57.
Stellar XLM Price Prediction for 2025
Our experts and analysts predict that the Stellar Lumen should be around $0.84 towards the final quarter of 2025, and the traders will be trading it in that range. The prices can go as high as our predictions and can go as low as $0.65.
Stellar XLM Price Prediction for 2030
With the growing adoption of cryptocurrency, we can expect the price of various coins to increase. And since the Stellar XLM is one of the top crypto tokens to get your hands on, we can expect its value to rise. The XLM altcoin operates on the Stellar Consensus Protocol (SCP) algorithm.
If we look at the historical and technical analysis along with the previous trends, we can expect it to rise throughout all quarters of the next five years. Although the trends and the news show a negative trajectory since its inception, its value is now seeing a steady rise.
Moreover, it is always on the list of the top 10 altcoins, even after facing high competition and its overall performance. If we take the post-pandemic crash into consideration and the market cap requirements of the virtual currency, we can expect it to rise significantly in the short and the mid-term.
As for a long-term investment, it will not be a smart move to rely on the price investment option only. Nevertheless, according to Stellar news and the price prediction by the founders, the price action might modify. As a result, it might accomplish its price targets and goals. Therefore it can then become an optimal long-term investment.
Where to Trade Stellar?
Stellar is currently finding itself in a good position in North America and Europe because of the new regulations. With this in mind, many people are not looking at purchasing Stellar so that they can add it to their portfolios. People want this coin because it is supposed to help users have more privacy and data protection.
If a Stellar coin is what you want, then purchasing it on eToro might be the best place to do so.
Step 1: Open an Account
The first thing any person needs to do is create an account with eToro. This can be done by going to eToro website.
It will require you to fill in only the basic information, which only takes a couple of minutes.
Then, fill out your information like Username, Email and Password so that the company can contact you about your new account.
Go to your Email account and look for eToro email verification and click “Verify your account”.
Step 2: Upload ID
A confirmation email will be sent to the user’s email so the company knows they have the right email, and the remaining checks can be completed. The user should be prepared to take photos and upload pictures that prove their residencies, such as:
- Utility bill
- Driver’s license or a valid passport
- Bank account statement
Step 3: Make a Deposit
After the account has been confirmed by eToro, the user can then deposit into their account to begin trading. The user will need to go into their account and click on the ‘Deposit Funds’ button.
Then, they will be asked to choose their payment method and currency for their deposit.
Users are happy to know that there are many different payment methods with eToro, like eToro Monday, Neteller, credit or debit cards, Skrill, and PayPal, so there is a way for everyone to make their deposit.
Step 4: Search for Stellar
Once the deposit has gone through, it is time to trade Stellar. This can be quickly done by either searching for the coin or using the filter option on the main page. Many people prefer the filter option because they can compare how Stellar is doing to other cryptocurrencies. Also, they can see how it is performing in the market generally.
Many people continue to use the filter system because they can see live updates of the coin. These live updates are helpful when purchasing any coin because the market is unpredictable, and there is no way of knowing that a cryptocurrency will stay where it is for long.
Step 5: Trade Stellar
After finding Stellar, users will need to trade the cryptocurrency. Once they have seen it, they can click on the cryptocurrency and purchase it. Users can either trade a whole Stellar coin or part of one. This all depends on the person’s needs regarding their cryptocurrency portfolio.
Stellar XLM Price Prediction: FAQs
Is there a possibility of Stellar Lumen XLM reaching the $10 mark?
If we consider the stats, analysis, trends, and other factors, we can expect the Stellar Lumen XLM to reach the value of $1 in the foreseeable future. However, the Stellar XLM reaching the $10 mark in the next few years is not something many experts think is possible.
Nevertheless, you can expect anything to happen in the crypto markets. The coin does have the potential to reach a significant high, and who knows, it can enjoy the same growth as other cryptocurrencies on the blockchain.
Where should I Purchase Stellar XLM From?
What will be the worth of Stellar XLM by 2030?
Given the high volatility in the crypto market with the ever-changing situation, it is difficult to find out what the Stellar XLM will be worth in the year 2030. Numerous factors will impact the price of the Stellar XLM, such as:
– Demand and supply
– The performance of the overall crypto markets in the future
– Adoption of the Stellar XLM
Regardless, the experts and the analyst are optimistic about the future of the Stellar XLM as they can expect it to continue the progress in terms of value as per our price prediction for 2025.
Should I make a long-term investment in Stellar XLM?
If we take into consideration the technical analysis and the overall price prediction of Stellar XLM for the next few years, it is safe to say that a long-term investment can help investors yield substantial profits for you. Stellar Lumens holds a good ranking in the top cryptocurrencies.
It has a good market capitalization, and the majority of crypto enthusiasts look at Stellar Lumens with great potential. Furthermore, the growing adoption of cryptocurrency and the increased usage tells there is a great future for the Stellar XLM.
What is the overall future price prediction of Stellar XLM?
Currently, the Stellar XLM is seeing rapid growth, especially after the market rebound due to the pandemic. Therefore, we can expect to see the same rise in the future price. One of the best things about Stellar XLM is that it has a clear roadmap.
Unlike other cryptocurrencies, which rely on the pump and dump schemes, the Stellar XLM has a roadmap that is fueling its growth since 2014. The development team is continuously working on making the network more efficient by adding more payment corridors.
In addition, the network’s enabling of anchors to link with each other opens it up for more liquidity. Therefore, we can expect to see its value rise in the long and the short run.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.Read More