Overview of Stellar Lumens
Stellar is an open-source network with a decentralized system designed for payment of all types of money. It allows users to create a digital representation of Dollars, Bitcoin, Pesos. The Stellar network can handle fiat currency and digital currencies. It aims to build a single network for financial establishments globally, making cross-border payments quick and easy. Stellar has proven blockchain technology that permits interoperability between global payment systems. Users can transfer digital currency to fiat money inside and outside their domestic area.
Stellar’s network was launched to provide financial inclusion for under-banked people who do not rely on centralized authorities. The main aim of XLM is to provide a better and faster payment system for all financial establishments worldwide.
What Is Stellar (XLM) and How Does It Work?
The native cryptocurrency of the Stellar network is called Lumen, denoted with a ticker symbol XLM. The Stellar’s ledger requires the account holders to keep a certain amount of Lumens to execute the services of the Stellar network. As of now, the minimum balance needed per account is 1 Lumen, and the transaction fee is 0.00001 Lumen.
Lumens are neither mined nor awarded by protocol over time, and the team created 100 billion Lumens during the launch. Initially, Stellar supply was planned to increase by one percentage, but the inflation mechanism ended after five years after the community voting. In November 2019, Stellar reduced the total supply of Lumens to half, and no more supply will be announced hereafter. Currently, 20 Billion Lumens are available on the open market, and 30 billion is with the Stellar team for further developments.
Who Are the Founders of Stellar?
Stellar was founded in the year 2013 by Jed McCaleb, the founder of Mt. Gox and co-founder of Ripple. Jed and a former lawyer Joyce Kin co-founded Stellar development foundation, a non-profit organization for overseeing and supporting the development of Stellar. In addition to that, Stellar Foundation maintains Stellar’s codebase technical and business communities around the globe.
The Notable Partnerships of Stellar
Stellar currently has around twenty partnerships that boost and expand its footprints. Some of the notable partnerships include:
Tempo money is an electronic payment institution based in France. Cowrie, a financial technology company. Both companies suffer from delays and transaction issues with cross-border transactions and remittances.
The leaf is a wallet that uses state-of-the-art technologies to deliver services in low bandwidth areas. Similarly, other companies which work on financial payments and settlements such as Wyre, Solar, Coinqvest, and DSTOQ suffer different services issues related to transactions.
Understanding the possibilities of blockchain technologies, they have partnered with Stellar to build financial solutions on the Stellar network. Stellar closely worked with the companies with the best financial solution to meet their challenges.
What Makes Stellar Unique?
Stellar blockchain works with Stellar consensus protocol, and it is a protocol algorithm that does not rely on a closed system to record financial transactions. Moreover, it ensures stringent security mechanisms for transactions in Stellar’s network. SCP has asymptotic security, decentralized control, flexible trust, and low latency that help to enhance the functioning of Stellar. Stellar has a built-in compliance feature that aids in delivering safety and transparency in the system. Along with a public ledger and an international group of anchors, Stellar offers global access to financial infrastructure in one place.
Stellar has software and tools by which users can develop financial infrastructures for services. Users can build and launch financial products for their company anywhere using Stellar. Fintech platforms that have partnered with Stellar can offer the following to their customer bases.
- International access to stable coins and USDC (Digital versions of important fiat currencies).
- Access to standard wallets which can access financial institutions globally.
- Customers can get access to financial products that make their financial dealings comfortable.
Stellar: Pros & Cons
The Steller network connects financial institutions globally and provides fast and safe cross-border transactions. It lowers scalability challenges with high throughput and minimum confirmation time. Essentially, it contributes to the financial economy with advanced Fintech solutions.
On the other hand, Stellar (XLM) has a limited circulation supply. The risk of volatility is high when investing in Stellar Lumen. Stellar has low market capitalization and is ranked 31 in the crypto market compared to leading competitors. Based on developer rating, the platform of Stellar Lumens is slow. It competes with giants such as Ethereum, Ripple, and Solana, and it has tough competition.
Stellar V/S XRP: Who is Better?
Stellar is more accessible to the ordinary cohort compared to Ripple. XRP is more concentrated on banks and financial institutions, which means Ripple is institution-centric than focusing on individuals. At the same time, XLM focuses on underdeveloped people through financial institutions. Stellar support Fintech startups and direct customers too.
Looking at the native token, XLM is inflationary in nature, whereas XRP is deflationary. Ripple is centralized, and its mechanism is quite different from XLM. At the same time, XLM focuses on decentralization.
According to the Stellar team, Stellar stands for the underbanked and individuals of the developed nation. Hence, both XRP and XLM have pros and cons from different perspectives.
Latest News on Stellar
A while ago, Stellar announced that OKcoin, one of the major cryptocurrency platforms, listed Stellar USDC. After the launch, OKcoin became the first exchange that provided USDC deposits and withdrawals through Stellar. In the recent press release about the 2022 roadmap, Stellar announced the plan of smart contracts on the platform, which will empower Stellar’s goals. Bringing smart contracts into the platform will make Stellar join the DeFi competition with Polkadot, Solana, Ethereum, and many more DeFi giants. Stellar smart contracts are expected to launch by the end of the year.
Price History of Stellar
XLM has an exciting price history in the past, it has an all-time high of $0.9381. Stellar was traded around $0.003 after the initial coin offering. In 2017, Stellar price gained significantly. Later, the Stellar price started trading sideways within a range of $0.029 to $0.110 for a long time. In Nov 2020, the Stellar Lumens price marked an upward momentum. The XLM price surged to $0.1955, then made a round bottom formation on the weekly chart, and again rose to $0.3408.
The apparent pullback after the positive trend took the coin back to $0.3855. It took support at $0.355 levels and bounced back to a higher high at $0.7143 on May 16, 2021. XLM had gone through high volatility the following week, and the coin sunk to $0.208, and it was a massive loss for Stellar investors. After the plummet, XLM was consolidated for another month and had been trading sideways in the range of $0.1863 to $0.4255.
Will XLM Prices Go Up?
Cryptocurrency prices depend on the demand and supply of the coin, the working of projects, and sometimes the community. Hence accurate prediction is difficult. According to the expectation of various experts & Stellar (XLM) price predictions, the coin may go high and not short. Importantly, the predictions are not highly bullish.
Yearly Predictions
| Year | Minimum Price | Maximum Price |
| 2022 | $0.043 | $0.482 |
| 2023 | $0.179 | $0.616 |
| 2024 | $0.352 | $0.861 |
| 2025 | $0.458 | $1.054 |
| 2026 | $0.593 | $1.354 |
| 2027 | $0.709 | $1.446 |
| 2028 | $0.713 | $1.673 |
| 2029 | $0.796 | $1.898 |
| 2030 | $0.802 | $2.208 |
Expert’s Opinion on Stellar
Wallet Investor: Wallet Investor predicts that the Stellar Lumens price may reach $0.310 by the year-end, around $0.868 by 2025. Wallet investors said that XLM may touch the $1 mark by 2029.
Digital Coin Price: As per the Digital Coin Price prognosis, XLM may touch $0.30 by 2022 and $0.62 by 2027. According to them, Stellar Lumens may touch $1 only by 2030.
GOV Capital: GOV Capital says XLM price may reach $0.26 by the year-end, and XLM is anticipated to hit $0.559 by 2030. Based on their price prediction, Stellar may touch $1 by 2025.
TradingBeasts: TradingBeasts predicted that XLM price can outstretch $0.345 within a year and $0.532 by 2025.
According to most experts’ price predictions, Stellar coin can only hit the $0.3 to $0.35 range in a year, and Stellar is moderately bullish until 2025.
Technical Analysis of Stellar Lumens
The current price of Stellar (XLM) is $0.196, with a 24-hour trading volume of $384,496,390. The current market cap is $4,883,925,505, with a circulating supply of 24.94B XLM.
XLM has continuously fallen through a descending channel for the last three months. XLM stayed in the range of $0.359 to $0.3069 for a month and broke down towards the $0.252 field. However, the coin tried for price action but could not sustain and fell again. It was an approximately 50% fall within two months.
XLM has already crossed the support of $0.204; this price point once acted as a resistance level for XLM. Currently, the price is around $0.194. The immediate support is placed at $0.1765. Suppose XLM fails to take support at this level, it may eye to the zone of $0.1162, and below this, XLM may seek support at $0.0696. A support zone is detected between the price ranges of $0.069 to $0.1765. If the price falls below this, traders can sell Stellar Lumens (XLM). On the opposite side, the immediate resistance is placed at $0.2369. If XLM can cross this range, it will test the next resistance at $0.3088. Significant resistance is placed at $0.3629, but XLM will not move into the range any time soon.
Looking at technical indicators, MACD has crossed the signal line from the top, indicating persistent bullishness. RSI is around 45, approaching bearish momentum. On-balance volume is also moving in a flat direction. The crypto market was bullish in the first week of February but modestly performed in the second week. The technical analysis reveals that Stellar Lumens (XLM) is not a preferred buy at this level for the near future. Traders and investors must wait for an uptrend in the price or a reversal price movement before investing their hard-earned money in this crypto. But if XLM price can bounce back from the support zone mentioned above, aggressive buyers can look for an investment opportunity.
Stellar Lumens Price Forecast: 2022-2030
The cryptocurrency market suffers high volatility, and the price of digital coins changes unexpectedly. Stellar Lumens was a profitable investment based on its past performance data, but the current price movements are unfavorable. Investors and traders must wait for an uptrend in the price before making any buying decision. Is Stellar Lumens worth buying now? Let us find out & move on to XLM future predictions.
Stellar Price Prediction 2022
Stellar started at around $0.2727. The remaining price prediction for 2022 is that Stellar may hit $0.243 in the initial quarter and $0.25 in the year’s first half. The XLM price prediction for 2022 anticipates that the coin’s price movement is slow and may plunge to $0.232 by the third quarter. Finally, Stellar Lumens (XLM) may close the year at $0.310.
Stellar Lumens Price Predictions 2023
Stellar price predictions suggest that the coin may begin trading at $0.315 and may strike $0.401 by March 2023. The further upward trend may take the coin to $0.429. In the second half of 2023, the XLM price may start from $0.384 and sink to $0.3352. Eventually, XLM may close the year at $0.462 in the market. This indicates the coin may trade within a range throughout 2023.
XLM Price Predictions 2024
Stellar Lumens’ price prediction suggests that the coin may begin trading at $0.493 and is forecasted to set foot on $0.59 within the initial quarter. XLM price might be $0.605 by May 2024, but a pullback is expected after that. It may break down to $0.543 when it completes the initial half of the year. XLM may trade within a range of $0.521 to $0.598 throughout the year in the crypto market.
Stellar Lumens Price Prediction 2025
Stellar price prediction shows the XLM value to open at $0.621, and the bullish opening can take the price to $0.712 in the first quarter and $0.713 within the first half of the year. Unlike previous years, XLM expects to perform well in 2025, and XLM outstretches to $0.813 by the year-end.
Stellar Lumens Prediction 2026
XLM price prediction indicates the future price may start at $0.826 and anticipates a bullish run towards $0.901 by July 2026. But the second half of the year is bearish as per our prediction, and XLM may be trading between $0.86 to $0.921.
XLM Prediction 2027
Stellar price prediction anticipates the value to begin at $0.931 and foresees to the extent of $0.943 within six months. Similar to 2026, XLM price predictions indicate a price hang in 2027, and Stellar may be trading between $0.932 and $ 0.974, and it may close the year at $0.965.
XLM Price Prediction 2028
Stellar Lumens (XLM) may start at $0.956 and foresee to call $0.975 by the first quarter. A further bull run can take the coin to $0.989 within six months. XLM is forecasted to close at $0.989.
Stellar Lumens Price Predictions 2029
XLM price prediction foresees price to begin at $1.01 and strike $1.2 within the first half. The coin may cross the hurdle of $1 this year, and prices may soar to $1.4 by the first half and $1.52 by the year-end.
XLM Price Prediction 2030
Stellar price prediction suggests the coin may open at $1.54, and it may touch $1.6 within six months. Any bulls action can take the token price to $1.8, and XLM is expected to close the year at $2.01 from a long-term investment perspective. Stellar Lumens are worth buying but only as an investment option rather than trading.
FAQs
Is XLM a Good Investment?
XLM’s price prediction shows that Stellar aims to reach $2 by 2030, which is not a good investment. Still, it is moderately bullish from a long-term investment outlook. The cryptocurrency market outperforms unexpectedly, and Stellar Lumens will also get an advantage if the entire market outperforms.
Where To Buy Stellar?
XLM is listed on many cryptocurrency exchanges globally. Some of them are, Coinbase, Kracken, Binance, Bittrex, Bitfinex, Upbit, and Huobi.
How can I buy Stellar Lumens?
Users can buy Stellar Lumens from any listed exchanges or the native Stellar exchange LOBSTR. Users need to create an account with any listed cryptocurrency exchanges and complete their registration process and KYC. Link any wallet, bank account, or credit/ debit card to add money into the respective wallets of the exchange. Now users can search for the XLM symbol and tap the buy button to add XLM to the portfolio.
Can Stellar Lumens reach $1?
Yes, based on our prediction data & technical analysis, Stellar may reach $1 in 2029.
What will Stellar Lumens be worth in 2022?
XLM may reach an average price of $0.301 by the year-end. The coin can go up to $0.482 maximum by the year-end.
Do Stellar Lumens have a future?
The future price prediction of XLM coins is moderately bullish. Fundamental analysis indicates the project is good, and the company’s mission is oriented to solve a real-time issue. Hence Stellar is good, and traders can expect a bright future.
Can XLM reach $10?
As per our Stellar Lumens Price Prediction, XLM may not touch the $10 mark anytime soon unless there is a sudden price movement due to external factors. Since the coin is moderately bullish, it will take more than a decade to reach $10.
What will Stellar be worth in 2023?
Forecasts say the XLM coin may be worth $0.462 by 2023. The maximum price prediction for the year is $0.616.
What will Stellar Lumens be worth in 2025?
XLM forecast shows Stellar may pick up $0.813 and anticipate breaking an all-time high by 2025.
