Stellar (XLM) is one of the oldest cryptocurrencies around. In this Stellar lumen (XLM) price prediction, let`s take a closer look at Stellar price history, technical analysis, and Stellar price prediction for the upcoming years.
What is Stellar Lumens (XLM)?
Stellar blockchain technology was launched in 2014, making it one of the oldest cryptocurrencies that still has survived among the top 100 most significant coins: Jed McCaleb, the co-founder of Ripple and founder of MT. Gox, together with a lawyer, Joyce Kim, created this project as an alternative to Ripple.
With support from Stripe CEO Patrick Collison, the stellar network was launched with 100 billion stellar coins issued at first, after seed funding of $3 million was offered in return for 2 percent of the total XLM token supply from the blockchain startup.
Almost a year later, in January 2015, stellar cryptocurrency already had more than 3 million users, with a market cap just below $15 million.
The digital currency utilizes Stellar consensus protocol, which is their own custom-made version of blockchain. To run the XLM cryptocurrency network, a total of 66 validator nodes operate across the globe, with three nodes run by the Stellar Development Foundation itself. This means less decentralization while gaining increased speed and reduction in fees for cross-border payments.
Therefore, various payment processors frequently use the Stellar platform worldwide, which has naturally led the Stellar lumens price to increase over time. You can buy stellar lumens at any exchange.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|XLM||$ 0.391988||$ 9.48 B||1.73%||24.07 B||$ 1.03 B|
Stellar Network & Signals
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XLM price history and technical analysis
Stellar XLM market price has seen a substantial increase over the past years. Stellar spent most of 2018 and 2019 retracing from the previous all-time high of around $0.50.
At the beginning of 2020, the market did eventually bottom out around the $0.03 mark, as seen on the price chart.
During 2020, Stellar price established both a significant swing higher high at $0.12 and a higher low at $0.07. In the middle of November, Stellar lumens price started rapidly pushing higher until the $0.23 mark was reached.
This spike pushed stellar forecast price for next year much higher as the market had finally shown signs of strong recovery.
Over the following weeks, the XLM coin price action retraced to retest the $0.12 previous resistance as support.
From there, the cryptocurrency market rallied over the following weeks until a new all-time high of just above $.60 was set, reaching a market capitalization of almost $15 billion.
During February and March, the Stellar price saw another retracement together with Bitcoin price, which also saw a new all-time high set at the time.
Support was eventually found around the $0.35-$375 area, where the market consolidated for some time.
At the end of March, the overall bullish trend resumed, and we saw the crypto market price almost retest the $0.60 all-time high. Currently, XLM is facing bearish momentum, as is the entire market environment. The support levels have been broken, and every altcoin is falling out of its bull run.
As of now, the market situation is bearish, and the support level is being tested. A change in the price of currencies has come.
Right now, it is in bearish momentum. In the 4-hour chart, we can make a short-term Stellar Lumens price predicition using the above technical analysis. With the reversal in the trend, it can be said that the price of the coin has changed its bearish outlook as it is trading above the 50-day and 100-day MA, breaking out of the upper end of the Bollinger Band. This gives a favorable outcome to the price.
XLM price prediction 2021
XLM price prediction continues to be bullish in the long term. We can say that Stellar Lumens price increase rapidly over the past months and the overall market.
Let`s take a look at some of the most popular forecasts before you make your investment decision.
Wallet Investor Price Prediction
One of the most popular outlets, Wallet Investor, has set a 1-year Stellar forecast price at $0.536. As seen on the forecast chart, the expected trading range is very volatile. This, however, is outmatched by the potential price return.
It is expected to reach 1.5 USD in 5 years.
Digital Coin has a much more bearish Stellar price prediction, as they expect XLM to end the year at around $0.4212054846. Similarly, the Stellar forecast price is set at just $0.9875933618 over the next 5 years. By 2028, according to the Stellar Lumens technical analysis by the firm, the stellar lumens price will reach $1.23.
Crypto Ground has a very bullish forecast and investment advice for the XLM over the next years. They estimate that XLM/USD will trade at the $0.4389 mark at the end of 2021. By the end of 5 years, the Stellar Lumens XLM price is projected at $1.06.
As always, TradingBeasts has one of the most detailed price predictions. They estimate a minimum price of $0.0668688, a maximum price of $0.0983364, and an average price of $0.0786691 by December of 2021.
Below, we can see the beginning of 2022 and ending of 2021 prices.
XLM price prediction 2023
For 2023, Stellar Lumen price prediction is much bullish overall. This is likely because analysts expect investments from financial institutions over the next years as the popularity of the network grows.
Longforecast has a bearish outlook for the next two years. By May 2023, they predict an average price of $0.08-0.10, with the maximum price expected to reach $0.14. Take a peek below:
A min price of 0.0753343 USD, max of 0.1107858 USD, and an average of 0.0886286 USD have been predicted by Trading beasts.
Stellar Lumens price prediction 2025
Our Stellar price prediction for 2025 agrees with most analysts. Given that the current market cycle will likely end in 2022 or 2023, we expect another major retracement by the end of 2025. Therefore, much depend on what the overall cryptocurrency market price movement is like.
Overall, we expect Stellar price to reach above the $1.5 mark and, if the overall market cycle is bullish by 2025, we could see further gains too much higher targets.
Stellar Price will trade at $1.3 by 2028, as digital coin says.
Long-term XLM price prediction (beyond 2025)
Long-term XLM price prediction is a lot more bullish. As mentioned, by 2025, we should see another major market cycle turn bullish. Therefore, the market could see 10-20 gains beyond 2025, meaning a stellar xlm price target of $15-$25.
Is XLM a good investment?
The crypto exchange rate against fiat currency has increased rapidly over the past months. Therefore, we expect the bullish momentum to continue later this year, meaning that XLM should provide a good return on investment.
Final verdict on XLM
Overall, Stellar (XLM) is one of the oldest and best-known cryptocurrencies that still trades among the largest altcoins. It offers fast and low-cost transaction processing while sacrificing some of the decentralization.
This means that the Stellar blockchain network has a very good potential as a go-to option for payment processors across the globe. Therefore, the Stellar coin should see a further increase in popularity and price over the next years.
Will XLM reach $1?
Given the current market bullish momentum, we only need XLM to double once again before the $1 mark is reached. This should be seen over the next months as the market currently retraces to build a base from which to move higher later this year.
However, whether XLM/USD can remain above the $1 mark by the end of 2021 depends on the overall market condition. It has a good potential to be one of the best payment systems.
Can XLM reach $100?
Stellar has seen rapid growth over the past years, with more than 100 times price increases seen before. Considering that the cryptocurrency currently trades around the $0.5 mark, we need a 200 times price increase to reach the $100 mark on a cryptocurrency exchange.
This would mean a total capitalization of more than $2 trillion, which exceeds the total cap of Bitcoin right now. Therefore, it is not very likely that we will reach $100 over the next years.
Is XLM a good investment in 2021?
XLM has tripled in price since the start of 2021. The bullish momentum continues setting higher highs, and higher lows as the overall market popularity continue to grow. Therefore, we expect XLM to continue moving much higher this year and reach above the $1 mark as a minimum.
Is XLM worth buying?
XLM is one of the oldest and best-known cryptocurrencies that is expected to grow in price, size, overall popularity, and usability. Therefore, XLM should definitely be considered for inclusion in your portfolio.
How high could Stellar Lumens go?
There is no limit to how high Stellar Lumens price could go. Over the next years, we expect the market to reach above the $2 mark, with a $15-$20 target after 2025.
How to buy and sell XLM?
Since Stellar is one of the oldest and best-known digital assets, Stellar Lumens (XLM) can be purchased on practically every cryptocurrency exchange.