Stellar Lumens has had an impressive growth run since its debut in 2014. Since then, XLM coin has grown to become one of the largest cryptocurrencies in the space (according to Coinmarketcap).
The distinguished growth of the XLM blockchain-based project made you wondering about how the Stellar Lumens (XLM) price performs these days and where it is going?
Well, you’ve come to the right place to get the answer. Before we dive into price forecasts, let’s take a quick review at the XLM cryptocurrency.
What is Stellar?
Stellar Lumens (XLM), a cryptocurrency that focuses on establishing a global financial network, has joined the market in July 2014. Stellar’s crypto-project is specifically suites the industry of billion-dollar remittance.
Stellar’s ecosystem includes the use of a credit anchor to ease funds exchanges without having to wait for the acceptance of a third party. In like manner, PayPal uses a similar system to increase the speed of fund transfers.
The Stellar coin development team, headed by Jed McCaleb and Joyce Kim, continues to inroad the cryptomarket. Both of them are renowned in the crypto community, they also have used their experience to establish an extraordinary Bitcoin alternative.
Some non-profit organizations have already signed this project such as the Praekelt Foundation. And Stellar continues to witness an increasing number of adopters.
Now, Stellar has many strategic partnerships, including, BN and KLickEX. All these elements have gained Stellar the privilege of being the best Bitcoin considered alternative.
What is XLM?
XLM is the currency symbol of the Stellar Lumens cryptocurrency project. While Stellar Lumens is the official name of the Stellar coin, XLM is a ticker symbol. XLM was built on the Ripple protocol and focuses on banking and finance, wherein XLM coins have the potential to become global value transferring the assets.
XLM Price: What Does It Depend On?
The Stellar (XLM) coin is one of the most volatile cryptos on the market. Similar to most of the altcoins, XLM is affected by bitcoin market movements. Other factors are Stellar Lumens news, Stellar partnerships, XLM adoption, and actual use.
XLM Price Prediction 2020
The XLM price has mainly been on a continued downtrend in 2019, while in 2020, the bear market left XLM hitting a low of $0.03 at the mid of March 2020, a price level not seen since late November 2017. At the time of writing, the 4th of April, 2020, the XLM price has recovered and been traded at the range of $0.045 — $0.050.
While the fallen into new years lows could be a negative sign, the way the XLM has bounced off the lows shows strong demand at lower levels. Nevertheless, unlike many of its counterparts, Lumen still had some significant growth spurts.
XLM Prediction (2020)
Cryptocurrencies’ prices move at a rapid pace, making it hard to predict their future movements. To bring some clarity, we’ve gathered several XLM price’s analysis-based predictions for the end of 2020 and beyond from various sources.
According to the popular crypto forecast, TradingBeasts, the XLM price prediction refers that the coin will be traded around $0.069 by the end of 2020. Another prediction from Cryptoground.com suggests the XLM coin price will likely reach $0.105 at the end of the year.
XLM Long Term Price Prediction (2021–2025)
Experts believe that Stellar Lumens (XLM) has the ability to be a key player in the crypto arena, due to its increasing number of partnerships and the rapidly-developing ecosystem.
While the TradingBeasts prediction for XLM price throughout 2021 remains at the same level as 2020, around $0.069, the XLM price is expected to rise to an average of $0.109 by December 2023. On the other hand, Cryptoground has expected a continued growth to hit $0.7422 on a 5-year investment.
On their side, CoinSwitch analysts believe that XLM coin also has the potential to be one of the top-performing cryptocurrencies in the coming five years. They suggest that XLM will reach almost $1 by 2025.
Where to buy XLM?
You can buy Stellar Lumens (XLM) assets with ChangeNOW Exchange’s tool, which provides a fast, secure and simple way to buy XLM coins with many options to make payments including credit cards.
Buy XLM Stellar Lumens coins now in 4 steps:
Step 1. From the ChangeNOW home page, choose a currency and enter the amount you would like to deposit. The service will automatically calculate the amount of XLM you will get. Then click on the Exchange button. With current example buying XLM for 1,000 USD via Credit Card.
Step 2. Enter your XLM address (where you would like to receive your coins).
Step 3. Double-check your information, then click Confirm.
Remember that all operations are irreversible.
Step 4. Complete the purchasing process, and you will receive your tokens immediately.
It’s a smart move to keep your eyes on XLM’s blockchain-based project that has a sophisticated network with great features beating Bitcoin and Ethereum.
We hope these predictions of XLM price 2020 and on could help you to choose the right time to buy XLM and prepare a proper investment plan.
Thanks for reading, to learn more about Stellar Lumens (XLM), please visit the XLM Coin Review in our blog.