Since it’s only the beginning of 2021, it’s also the perfect time to do some projections. Today we present you Stellar Lumen Price forecast.
If we look closely at the crypto market, one factor that immediately springs to mind is the impression that the crypto market is not doing badly at all, but rather quite impressive.
The two obvious facts that corroborate this thought are: first, all cryptocurrencies in the top ten list are rising (by market value) with the exception of XRP, which is declining in value due to an SEC lawsuit, and second, the performance of Bitcoin, which is in has grown by around 60% over the past three weeks.
The general market environment and Bitcoin performance are always the most important factors when analyzing altcoin including Stellar. However, before we get into Stellar’s price analysis, let’s first examine what this altcoin is all about.
What is stellar
Stellar is an open source network, which essentially means that every Steller user can access their systems and influence how they work. It accepts all types of money, does not privilege anyone, and assists people in creating, sending and trading all types of currencies.
Like all other known cryptocurrencies, Steller runs over a decentralized network based on a blockchain that synchronizes the network. Stellar Blockchain increases the efficiency of the network, reduces costs, saves time and enables the network to conduct cross-border transactions appropriately. Although it is very similar in nature to that of Bitcoin and Ethereum, it is practically different from them in that it essentially presents itself as a payment rather than a cryptocurrency.
It used to work with Protocol 13, but on November 23, the Stellar Development Fund updated the network and now Stellar is working with Protocol 15, which is relatively more appropriate and efficient.
Stellar is also known for its unique consensus protocol, which is the first of its kind. The star consensus protocol is the first practical implementation of the FBA protocol (Federated Byzantine Network), which was idealized by Professor David Mazieres in 2015.
Another thing that makes Stellar unique among its competitors is its vision to improve and revolutionize the crypto market. Rent financial system. In other words, it is about supporting the existing financial system and not calling it into question. Basically, it aims to fill the gaps between different financial institutions and its main goal is to create a synchronized environment for all types of financial networks.
Stellar XLM Brief History
Jed McCaleb is the spirit behind Stellar’s innovation. He is one of the main people responsible for the crypto market. The market we see today owes a lot to Jed. He’s also the co-founder of Ripple, and on the negative side, he’s the same man who invented the infamous crypto exchange. Gox (which was once the largest crypto exchange in the world and held more than 70% of Bitcoin) was declared bankrupt by Tokyo District Court in April 2014.
Jed McCaleb worked with attorney Joyce Kim and founded Stellar in 2014. Stellar later worked with Stripe CEO Patrick Collison to jointly set up the Stellar Foundation, a nonprofit that supports the development and rollout of the Stellar Lumens payments network . Initially, Stripe also supported Stellar by investing $ 3 million in seed capital.
In contrast to Bitcoin or Ethereum, Stellar’s XLM can neither be mined nor assigned by the protocol. The fixed number of Stellar XLMs were produced when it first went live.
Originally 100 billion XLMs were produced and the plan was to increase the number by 1% each year. However, the Stellar community later voted to throttle XLM supply by 50% in October 2019, bringing us to 50 billion XLMs. Of that, 20 billion will be traded, bought and used by Stellar users, and the remaining 30 billion will be held by the Stellar Foundation to support and promote the introduction of Stellar as a payments network.
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Stellar (XLM) all-time price history
For years after its inception, Stellar never really hit significant feet, but rather in December 2017. In the first week of December, it topped the $ 0.10 price level. Then in the first days of January 2018 it exceeded the price level of $ 0.50 and in the same week Stellar hit the all-time high of $ 0.93 (at this point it also peaked in the BTC / XLM trading pair, reaching 6,300 satoshis smallest BTC units).
However, this price level could not be sustained for long as it lost around 70% of its value over the next three weeks and Stellar stumbled across the different price levels for months. In mid-December 2018, its price dropped to less than $ 0.10 and continued at an average price of around $ 0.07 over months through November 2020, and from then on Stellar had traded at an average price of $ 0.15.
The current month of January 2021 is proving to be an extremely lucrative month for Stellar, as its value has increased by around 60% in the past few days. Just today, Stellar also hit the 2-year high of $ 0.41 that this latest price hike hit, once again placing the Stellar in the top 10 largest cryptocurrency words.
XLM Last price increase
Stellar is now the ninth largest cryptocurrency in the world, one of the best performing coins among its competitors, and has grown more than 160% in the last week, with a market cap of $ 7,533,322,623.
Now let’s see what famous forecasting agencies have predicted about it.
Stellar price prediction from LongForecast
The forecast agency Long Forecast has issued the most comprehensive forecast for the Sterner price. Your forecasts are lower compared to the current market situation.
Stellar XLM price prediction 2021
According to the forecasts of the longforecast agency Stellar, the price will be between $ 0.35 and $ 0.46 in April 2021, between $ 0.43 and $ 0.52 in August 2021 and between $ 0.51 and in December 2021 $ 0.60.
Stellar XLM price prediction for 2022-2023
They predict that stellar will stay somewhere between $ 0.60 and $ 0.70 in 2022. However, its value will decrease slightly in August 2022 as Stellar is expected to trade between $ 0.50 and $ 0.55 in the meantime and there won’t be any significant change in value by the end of the year and the coin will continue to trade between 0.60 and 0.70 USD traded. Stellar is expected to be between $ 0.72 and $ 0.80 in the first quarter of 2023 and between $ 1 and $ 1.50 by the end of the year.
Stellar price prediction 2024-2025
The 5 year stellar (XLM) forecast, shape now, seems crude as the cryptos are volatile and we cannot make a specific decision as to whether they will react in the next few minutes. But XLM should take off by the end of 2025. The price will be around $ 5. This means that the current price has risen by more than 600 percent.
Stellar price prediction of Captianaltcoin
Although they forecast Steller’s near-term appreciation in 2021, they suggest that Steller’s value will be less than $ 0.50 over the course of the year.
According to the predictions they have made, the Altcoin Stellar may well be a thing given the stable market environment that could cause it to potentially exceed the $ 5 price level over the next 5 years.
Stellar price prediction 2025 from Coin switch
According to Coinswitch, Stellar will trade around $ 0.77 in 2021 and is sure to hit $ 5 by 2025.
Stellar price prediction 2025 from Crypto reason
Cryptogroud predicts that Stellar will hit around $ 0.74 by 2025. The RippleCoinNews team does not agree with this price prediction.
Our Stellar (XLM) price prediction
After considering all the factors related to Stellar price volatility, we make the following predictions about XLM:
During 2021 its value will stay somewhere between $ 0.35 and $ 0.50, in 2022 it can go up and is expected to trade between $ 0.45 and $ 0.65, with its growth continuing and likely $ 1 can exceed and trade between $ 1 and $ 1.40 in 2023.
Throughout 2024, Stellar will continue its journey towards $ 2, staying between $ 2.45 and $ 2.70 in the meantime. If everything goes smoothly and the market’s skepticism towards the cryptocurrency continues to decrease, the value of USD 5 will be exceeded as the year 2025 ends.
Stellar, with its enormous potential, can rise in quick succession. Given the market, the environment remains stable and Bitcoin continues to develop smoothly, which certainly affects all growing altcoins. If Stellar continues to work in the right direction, it is not unlikely to become one of the top five coins in the digital market, reaching $ 5 far sooner than expected.