16 Oct, 2018 at 22:10pm
Stellar Lumens, which is popularly known as Stellar, is an open-source blockchain that was designed to facilitate the transfer of digital assets. The Stellar Development Foundation currently runs the network and is a non-profit organization put in place by the Stellar community.
Just like most cryptocurrencies, Stellar performed excellently towards the end of last year, experiencing a growth by more than 900 percent during that period. Despite the current market condition, XLM still holds 2.34% of the crypto market. This is why it is important to look into Stellar Lumens price prediction in 2018 and beyond.
Stellar Lumens is currently the sixth largest cryptocurrency in the world. It is a cryptocurrency that is used for cross-border payments and is now the biggest competitor to Ripple which also operates similarly.
Despite the current bear market, several market experts and analysts are of the view that the price of Stellar Lumen’s XLM coin would end the year trading at a high. Beyond this year, most of the analysts also believe that its price and market cap would continue to increase as the general market rises.
Back in June, Altcoin Forecast predicted that XLM would end the year recording a 35% gain against Bitcoin. The current value of Stellar is 0.00003455 satoshis and Altcoin Forecast in its prediction stated that the cryptocurrency would reach 0.00004664 Satoshis by the end of the year.
Keep in mind that a Satoshi is the smallest unit of a Bitcoin. 1 bitcoin can be divided into 100,000,000 Satoshis.
This cryptocurrency site makes use of the latest technical analysis to give a prediction on the prices of cryptocurrencies. The site has predicted that XLM would end the year trading at $0.351 which is more than 50 percent from its current price of $0.216.
The price prediction for Stellar by Investing Haven is more optimistic. Analysts here believe that the cryptocurrency could end the year trading as high as $4. If that happens, then XLM would surge by nearly 2,000 percent from its current price. Investing Haven believes that a Bull Run would take place this year and as long as no major security flaw is encountered, Stellar would hit that mark.
Monetize based its prediction on the recent major partnerships by Stellar such that as with IBM. They believe that the partnerships would push the price of the cryptocurrency and expect it to end the year trading between $2 and $3. Stellar also has other major partnerships such as Stripe, Deloitte, and ICI Bank.
Oracle Times is also bullish on the price of XLM this year as they expect it to end the year trading around $1. This means that it could rise by nearly 400% from its current price. The CEO of Stellar, Jed McCaleb, announced that 30 banks have partnered with Stellar - Oracle Times believe these partnerships, along with that of IBM, SatoshiPay, Mobius, and Hashcash, would be the major catalyst behind an XLM price surge this year.
This crypto platform believes that since Ripple and Stellar serve similar functions, it is only appropriate that their prices are around the same mark. They are expecting XLM to end the year around the $0.5 mark, which represents more than 100 percent growth from its current price of $0.21.
Economic Forecast Agency makes use of an algorithm to predict the prices of cryptocurrencies. The firm presented a detailed price prediction for the cryptocurrency over the next few years. They expect just 100 percent growth for XLM as they see it end the year trading at $0.43. They believe that with the current market situation, it would be hard for XLM to end the year around the $1 mark.
The analysts at Right Trader last year predicted that if XLM could reach the $1 mark, then it would attain a support line at that price. When an asset trend line meets a support line on a price chart, it’s highly probable that its value will grow rather than decline. A resistance line is the opposite of that. The firm now believes that since XLM hasn’t been able to retain its value, it would be highly unlikely that it could reach the $1 mark this year.
Analysts here presented three predictions for this cryptocurrency, and they all depend on the amount of cryptocurrency as a percentage of the total money flowing worldwide. In the first prediction, they estimated that the total stellar market cap is 4.23 percent of the total physical currencies in use. If that happens, then XLM would end the year trading around the $2 mark.
The second prediction meanwhile looked into the total stellar market cap as a percentage of total physical currency plus amounts in demand accounts. The calculated figure is 1.88 percent and analysts at CoinCheckup believe XLM would surge to $12 if that happens.
The third scenario meanwhile looked into the total stellar market cap as a percentage of total physical currency added to amounts in demand accounts and money in savings accounts. The figure they came up with was less than 1 percent and they see XLM rising to $30 when that happens.
Looking at the current market situation, the first prediction has the highest probability of happening even though it is also a long shot to happen.
Despite the bear market affecting prices of cryptocurrencies, Steemit analysts expect the price of stellar to end the year above the $2 mark. They forecasted XLM to reach $2.3 which would represent a rise of roughly 1,000 percent from its current price.
Analysts at 30 Rates are optimistic about the growth potential of XLM this year. The forecast by the firm suggests that the cryptocurrency would end the year trading around $0.5 mark. It would be hard for it to reach the $1 mark but 30 Rates see it rising by 100 percent from its current price.
Price prediction beyond a year is just highly speculative. Despite that, most analysts and experts are very bullish about the price of Stellar Lumen.
This cryptocurrency firm is very optimistic about the price of XLM by 202. They believe that it would reach $8.08 by April 2020 and expect it to continue higher to reach $12.00 towards the end of the summer in 2020.
The surge would continue according to JIO Phone as they expect Stellar Lumen to reach $50 by the end of 2021.
Using their long-range of forecasting models, analysts at Economy Forecast Agency believe that XLM would not record massive gains over the next two years. They predicted that XLM would only rise to reach $0.95 by the end of 2020. This prediction shows that the firm is quite conservative about its forecast for its clients.
Analysts here are bullish about the price of stellar lumen over the next couple of months as they expect it to reach the $10 mark by the end of 2020. This would represent a rise of more than 4,000 percent from its current price.
Analysts here are bearish about the price of Stellar Lumen as they see it reaching just $0.40 mark by the end of 2020. They forecasted that the cryptocurrency would not increase in value and would be trading around its current price over the next few months.
The analysts here expect Stellar Lumen to rise by more than 6,000 percent over the next two years to end 2020 trading at $14.
Analysts and market experts have not really looked into the long-term forecast for the cryptocurrency, with only a few of them making such speculations.
This cryptocurrency forecast site believes that the price of the sixth largest cryptocurrency would trade above the $10 mark by 2020. Even though they are not optimistic about the short-term price target, they see Stellar rising significantly over the next few years.
An analyst at Steemit is optimistic that Stellar Lumen would surge by 16,000 percent to end 2025 trading at $40. The partnerships secured by Stellar and the expected market rise would play a huge role in the massive rise of the cryptocurrency.
The long-term prediction of this firm sees the cryptocurrency surging to reach the $40 mark by 2025. This would represent a rise of nearly 20,000 percent from its current price.
Analysts believe that the questions asked by most investors play a huge role in the price prediction of a cryptocurrency. For stellar lumen, it has received favorable answers. The most important question asked by investors is if the cryptocurrency has a working product.
Stellar is one of the cryptocurrencies with a lot of potentials. Its use for cross-border payment and transfer of digital assets makes it very important to financial institutions and other fintech companies.
The general view that most cryptocurrency analysts and market experts are that Stellar Lumen would perform excellently over the coming years. Most of the analysts expect it to reach the $1 mark by the end of the year.
People are increasingly seeking international funds transfers at lower costs and more and more countries are adopting cryptocurrencies, whether it's Thailand or Australia. Some of them will undoubtedly embrace stellar due to its spectacular features. A vast network coupled with more users will increase Stellar’s value.
The long-term prediction for Stellar is also bullish as they expect it to rise even higher as the cryptocurrency market resumes its growth. By 2020, XLM is expected to reach the $10 mark while it is most likely to breach the $30 mark by 2025.
Whatever this case may be, it would be very interesting to watch the movement of XLM this year and beyond.