Despite the current challenges in the crypto market, there is potential for a resurgence. Stellar (XLM) is among the prominent names in the crypto market and many are wondering about its investment potential. In this article, we will explore the answer to this question.
What Is Stellar Lumens (XLM)?
Stellar is a blockchain ecosystem that focuses on finance. It is similar to Ethereum, TRON, and EOS as it allows others to utilize its blockchain and create their own tokens. However, Stellar specifically concentrates on payments and peer-to-peer (P2P) transfers.
Stellar.org, founded by Ripple Co-Founder Jed McCaleb, is the main entity behind the Stellar blockchain. Stellar is akin to Ripple in its focus on finance. However, Stellar aims to streamline transactions to make it more accessible to people compared to traditional means.
Lumens (XLM) is the native token of Stellar, with a maximum supply of 50 billion XLM. It primarily serves as a utility asset in the Stellar blockchain, but it also allows the creation of tokens alongside XLM.
Stellar Lumens (XLM) Current Market Value:
As of November 23, the Stellar price stands at $0.331841, with a 24-hour trading volume of $794,422,187.
Over the last 24 hours, Stellar has experienced a 1.97% decrease. It currently holds the #25 ranking on CoinMarketCap, with a live market cap of $8,064,818,060 USD. The circulating supply of XLM coins is 24,303,283,210, with a max. supply of 50,001,806,812 XLM coins.
How To Determine Stellar Lumens Price:
The value of Stellar Lumens is determined by supply and demand. If demand increases faster than supply, the price rises. Understanding the core principle of supply and demand behind the value of Stellar Lumens and the influencing factors can lead to more informed investment decisions. If you anticipate an increase in demand and believe supply will not keep up, then consider Stellar Lumens as a potential investment.
How to Purchase Stellar Lumens (XLM) with USD
Follow these steps to acquire Stellar Lumens (XLM):
- Create an account on Changelly or Coinbase (for US residents) and acquire Ethereum, Bitcoin, or Stellar.
- After purchasing the coin through one of the exchanges mentioned above, log in to Binance and create an account.
- Transfer your ETH, BTC, XLM from the exchange to your Binance account. Click the “Funds’ ” tab, look for XLM, select “deposit,” copy the XLM deposit address, and paste it into the exchange from which you are withdrawing the funds. This process may take up to one hour (timelines may vary between exchanges).
- Once these steps are complete, click the “Exchange” tab on the top menu and select “Basic.” Search for XLM and proceed with the transaction.
- After purchasing XLM, find a digital wallet that supports Stellar Lumens and transfer the coins to the wallet. Click here for Stellar Lumens digital wallets.
A similar process would be followed in the sale of Lumens, but in reverse, unless the chosen exchange already offers the XLM/USD pair.
Stellar Lumens Price Forecast for 2021
The projected Stellar price by the end of 2021 is $0.75. The expected high for 2021 may be around $0.80, with a potential low of approximately $0.060.
Stellar Lumens Price Forecast for 2022
The projected Stellar price by the end of 2022 is $0.90. The anticipated high for 2022 might be around $0.95, with a potential low of about $0.85.
Stellar Lumens Price Forecast for 2023
It is projected that the upward trend of Stellar Lumens will continue, potentially reaching a value of $0.98 by the end of 2023. The predicted high for 2023 may be around $1.00, with a potential low of about $0.95.
Stellar Lumens Price Forecast for 2024
According to Stellar Lumens predictions for 2024, the value may reach $1.20 by the end of the year. The projected high for 2024 might be around $1.70, with a potential low of about $1.00.
Stellar Lumens Price Forecast for 2025
Based on the XLM price forecast for 2025, the coin could reach a high of $2.00, with a potential low of $1.50. As per our forecast, the XLM price may trade around $1.90 by the end of 2025.
Furthermore, considering the technical analysis, market capitalization, and XLM price forecast for 2021, as well as the future price prediction for XLM/USD in the coming years, it is suggested that this cryptocurrency is expected to see a growth of almost 100% per unit or share, with the potential to surpass the stated achievable XLM price prediction target.
Is Stellar Lumens (XLM) a Sound Investment?
Stellar shows promise for 2021. With the ongoing development within the XLM ecosystem and the overall crypto market, there is potential for Stellar to reach new heights.
A bullish XLM price prediction for 2021 is $0.39. As mentioned earlier, it may even reach $0.47 if investors consider XLM to be a viable investment in 2021, alongside mainstream cryptocurrencies such as Bitcoin and Ethereum.
