Stellar is a hybrid, distributed blockchain platform that is aimed to facilitate a cross-asset transfer of value with minimum transaction cost. Stellar is focusing on being an open financial system that enables access to people of varied income levels for low-cost financial services. These services include Remittances, Mobile Branches, Micropayments, Mobile Money and much more. In addition to these services, it also includes a very powerful feature of the Stellar network- Distributed Exchange. Lumens is the native asset of the Stellar network. It has two distinct purposes- facilitating multi-currency transactions and anti-spam role.
Current status of XLM
Currently trading at USD 0.101739, it is the 9th largest cryptocurrency in terms of its market cap (UTC time 08:46). It has a present circulating supply of 19,215,576,746 XLM, worth of $1,954,973,015 USD. Its current trading value has been reduced by -2.31% compared to its yesterday’s value. It is currently on a bearish trend.
Price analysis of XLM on the basis of Stellar charts
The above chart shows that at present, XMR is getting traded at 0.101483 USD or 0.00002603 BTC (UTC time 08:49). Its current market cap has a trading value of 1,950,050,640 USD with 197,704,842 USD as its 24h volume. The same chart shows that value of XLM approx. One month earlier was 0.081641 USD. So, within this month, the value of XMR has been increased by 24.30%. Its earlier price point of 0.086102 USD has provided a good support resistance in its price hike,
Future price prediction of Stellar Lumens (XLM)
Advertisement
According to the crypto analysts, the crypto sphere will enter into a new bull market either in this year or in 2020. The real height of the crypto story will be based on security tokens and stable coins. This doesn’t imply that payment service like stellar lumens is not important but, the security tokens and stable coins have much more disruptive effect. The next wave of innovation had already started in the last year with tZero, Polymath and the likes, along with the 60 stable coins, which will fling the next wave of innovation in the upcoming two to three years.
According to the optimistic price prediction of Mega Crypto, Stellar is expected to trade around $5.10 by the end of 2019. Its team has already said that they can at ease reach this target until there is no major flaw noticed in this network. Monetize Info has predicted that XLM’s price can reach $2-$3 by 2019. This is because Stellar has great partnerships with Stripe, Deloitte, IBM, etc. As per Long Forecast, XLM can trade around $0.30 by the end of 2019, which implies that this crypto will not grow that much in this year, compared to its current price. Stellar is expected to touch $1 mark in 2023, and by the end of that year, it can reach a value of $1.14.
Conclusion
Advertisement
With more partnerships to come in the upcoming future, Stellar can grow to a dignified extent probably. As the current crypto market is highly volatile, it is very unpredictable to say whether XLM can be considered as a good short or long term investment. It is better to wait for some more time until the crypto market attains stability to make effective decisions regarding investment on XLM. You can also read more about XLM Prediction for upcoming years.
