One of the main goals of numerous blockchain networks is to provide people with a way to send and store their money securely and at a low cost. Stellar is one of the most significant blockchain projects that offer this opportunity for users across the globe. Despite the recent downtrend, many market experts believe in the future of the project and expect the price of the XLM token to recover.
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Stellar Fundamental Analysis
Stellar is a peer-to-peer open and decentralized network for storing and moving money. It allows to store and send digital representations of different types of money, including fiat and crypto. It was created with the idea to unite the world’s financial systems including banks and payment processors in one global network. It allows transferring the finances swiftly and reliably at a minimal cost and mainly targets the inhabitants of developing countries that can get access to the global economy this way. The project was created in 2014 by The Stellar Development Foundation - Stellar.org and officially launched in 2015.
The protocol is based on the redistributed ledger technology, it is owned and distributed by the community and has an open code. It also offers tools and documentation for the developers to easily set up their own projects. The functionality of the network is based on Anchors — bridges between different currencies and Stellar.
Originally Stellar was built on Ripple Labs Protocol, but after the network was hard forked the code was rewritten. The most significant feature of Stellar that gives it a big advantage is that the price of each transaction is only 0.00001 XLM.
Stellar has a built-in decentralized exchange for crypto, Forex, and securities. Thanks to simple functions users can easily swap between tokens. Additionally, the project offers micropayment services with low fees and fast transactions. Multi-currency transactions are also supported by the project. The Stellar network offers a high level of security and no users without tokens can stay active on the network, so the transactions are executed fastly and efficiently.
The basis of the Stellar system is its native cryptocurrency called Lumens or XLM tokens. It serves as an intermediary in the transactions. Whenever the user starts the transaction the protocol immediately converts it to Stellar Lumens and then to the requested currency. The project is more focused on individual clients than institutions. Thanks to the access to the global financial systems that it offers to its users, almost anyone can send money across the globe.
Stellar Live Price Chart
After the bull rally in the spring of 2021, most of the crypto market went down and XLM price was also dropping during the summer months. At the end of June XLM token price fell from $0.34 to $0.23 and after a short recovery to $0.26 at the end of the month continued in a downtrend.
On July 20 the price of Stellar Lumen dropped to $0.21, which signified the lowest level of the period. From that time the token went up as the crypto market was also experiencing recovery signals. The asset was in the uptrend for the next 2 months, reaching $0.42 on September 6. At the end of the month, the price of the Stellar network token went for a massive price correction and fell to $0.25.
The altcoin season in October has also affected the XLM token price which was rallying till the middle of November, bouncing between $0.33 and $0.41. As winter was approaching crypto market was flipped into a bear season and the XLM token price chart also started to decline.
By December 19 XLM was already traded for $0.25, but at the end of December-beginning of January 2022 the asset went up, unlike other tokens. Even then it couldn’t reach more than $0.29 and at the end of January lost around 40% of its value and was trading for $0.19 and kept following the downward trajectory.
The price went up to $0.23 at the beginning of February but stayed in a downtrend until the middle of March. At that time many experts believed at the end of a bear season as the market was showing signs of recovery. The XLM token went up to $0.23 on April 3, but couldn’t break the resistance level and continued the downfall from the middle of April. In the last week, the price stayed stable bouncing between $0.12 and $0.15, but as crypto winter continued the asset price fell, even more, hitting $0.1 on June 13.
Stellar Technical Analysis
As we now seem to be going deep into a crypto winter, XLM technical indicators look grim, as is the case with almost every coin across the board. At the beginning of summer, 2022, it was trading in a slowly falling wedge within the ~$0.13—0.15 bounds, but couldn't hold on, eventually breaking the support at $0.133. As of now, Stellar lumens seem to have bounced off the new support line at ~$0.1, which may signify a rebound after the wedge turned into a falling triangle pattern. Volatility is still high, though, so it's hard to make a definitive prognosis yet.
Stellar Price Prediction
Stellar Price Prediction for 2022
Stellar Price Prediction for 2023
Stellar Price Prediction for 2024
Stellar Price Prediction for 2025
Stellar Price Prediction for 2030
While using cryptocurrency is still relatively new for the banking sector, some of the biggest exchanges and banking groups are now looking into using Stellar’s network to send and receive payments. A wide variety of Stellar use cases and an impressive list of partnerships, including IBM, grant Stellar Lumens positive projections and a bright future.
Is Stellar (XLM) a good investment?
Yes, Stellar (XLM) is a good investment, according to most experts. For example, Walletinvestor.com’s XLM price predictions promise more than 2x growth in 2022, with this trend continuing further.
Can Stellar Lumens reach $100?
No, Stellar Lumens probably won’t reach $100, as the things stand now — i.e. without a redenomination or other serious protocol changes. With ~$6.5 billion market cap as of August 2021, a price rise to $100 given the same circulating supply would mean a market cap above $2T, which is a very rare occurrence on the market as a whole.
Can XLM reach $10?
Yes, the $10 price target is within XLM reach, possibly in the next few years. As it expands its ecosystem and reaches new partnerships, its fundamentals may grow strong enough to support this valuation, so Stellar price predictions reaching $10 seem pretty grounded in reality.
Are Stellar Lumens worth buying?
Yes, Stellar Lumens are worth buying, many sources say. Stellar is one of the crypto projects that have stood the test of time, plus most of the XLM price forecasts promise growth, which makes it a good investment.
Is Stellar risky?
Stellar is less risky than many other crypto projects since it’s been around for quite some time without being exposed as a scam or having critical protocol vulnerabilities. However, being a crypto asset, it’s more inherently risky than many other asset types, so consider this, for example, when analyzing Stellar price predictions.
What will Stellar Lumens be worth in 2025?
Stellar Lumens will be worth more than $1 in 2025, some sources claim. Overall, XLM price prognoses for 2025 vary, most of them still being positive and promising growth of 200% or more.
What will Stellar be worth in 2030?
In 2030, the Stellar coin may be worth $10 or more — according to some analysts, it’s not an impossible mark. Other Stellar price predictions for 2030 are more conservative in their estimates, citing numbers in the $2–$5 range.