Stellar (XLM) Price Prediction 2020
September 18, 2020
Stellar (XLM) Market Features
As of this writing in December 2019 Stellar is the 10th top cryptocurrencies by market cap according to CMC. Stellar current price is $0,0594. The all-time high was fixed on January the 4th, 2018 when XLM price reached $0,9381. The all-time low was $0,0012 in November 2014. It’s remarkable that Stellar is one of the most quickly-growing cryptos — it has 1 911,59% ROI if counted from the XLM price at the point of release. On top of that, Stellar had the second most successful ICO after Ethereum.
The Stellar had its price skyrocketing at the end of 2017 and the whole of 2018. It happened after the project made a hype wave by announcing the partnership program with IBM. A bit earlier the same year McCaleb had a speech at a blockchain conference where he confirmed that 30 banks signed in the Stellar program. That all gathered enormously big interest around the project which pumped the Stellar price up high.
There was plenty of news on Stellar and its price in 2018 and 2019. There were also a lot of predictions of Stellar’s future price and, in addition, a lot of hype.
Stellar Project Burns 55 Billion Coins
At the beginning of November 2019, the foundation got 55 billion tokens burned in order to keep the net efficient. The current price of XLM was $0.085, so the burned tokens were equal to approximately $4.7 billion. The community reacted positively and the price had a 25% rise on the same day, indicating a great demand.
Tron and Stellar Founded Blockchain Education Alliance
According to the press release from October 2019 two of the top crypto projects made an agreement. They made a partnership in order to create an educational program that will provide universities with contemporary knowledge about blockchain technology and cryptocurrencies.
Stellar Removes Inflation
In September 2019 Stellar released an update that removed the inflation feature from the blockchain. The update note said that the inflation was initially designed to gain additional funds from the community payouts but it didn’t work out well. As a result, users voted for this decision.
Stellar (XLM) Price Forecasts
Cryptocurrency prediction and analysis portal Coinpredictor has a negative forecast on Stellar coin price. The price prediction says that XLM will go down by 44% within 3 months and reach $0.0444.
A cryptocurrency analysis and news portal Coinnounce published their XLM price prediction in October 2019. Unlike the previous portal, they have a positive opinion about the coin. They state that Stellar price will continuously grow and reach $0.55 by December 2020.
Walletinvestor, cryptocurrency forecast service, has an opinion that Stellar price prediction is deeply bearish. It displays the negative 1-year perspective saying that Stellar value will reach $0.0238 in a year.
Beincrypto experts made a very bold Stellar price prediction in April 2019. Their analysis is concluded with a forecast saying that Stellar price will be between $35 and $45 in December 2020.
This prediction website has a modest positive Stellar price prediction. According to it, XLM price will go down through 2020 and 2021 but will rise by a total of 25% from now in the end of 2023 and reach $0.081.
Our Stellar (XLM) Price Prediction
Since we are not financial advisors we can’t make a specific prediction. But we suppose that the whole marketing and project direction followed by the Stellar project will affect its price positively. XLM is expected to continuously grow within at least a year.
Some experts say that Stellar will go bearish and that token burn was not the right move. But some still believe in the foundation and what they do.
Stellar (XLM) Price Prediction Verdict
Stellar is quite a unique project. It is known by high ideals in their goals and policy. If they go on building a platform that will allow transacting funds all over the world in a snap with almost zero fees, XLM will obviously gain strength and grow. It is already one of the most successful cryptocurrencies with solid support, but it can go even higher.
But, if you want to get XLM and gain profit from the investment, you need to buy and store the coin. That’s why you need a reliable wallet.
What is Stellar (XLM)?
Stellar is a decentralized global payment system. It is based on an open-source blockchain platform. Stellar’s main function is money transactions all over the world featuring low fees and high speed. The native cryptocurrency is called Stellar Lumen also known as XLM. Initially, it was the only one available for transfers. But later on, the project developed its partnership network involving banks (Deloitte Digital Bank, India’s ICICI Bank), fiat payment services (Coins.ph) and IT companies e.g. IBM and Vumi.
Stellar was released on July 31, 2014. In the very beginning, it was technically a Ripple hard fork. It’s not a surprise because Stellar’s founder Jed McCaleb is also a co-founder of the Ripple project. A bit later after the fork took place Stellar blockchain got its own working algorithm — SCP or Stellar Consensus Protocol. At that point, the project moved to its own platform.
The protocol serves the main idea of the project which is providing people worldwide quick and cheap money transferring platforms. The background behind the project is very simple: banks and other financial intermediaries are slow, expensive and sometimes are not too friendly. Blockchain technologies can solve that, so the creators just put one and one together.
Technical and Organization Features
Stellar blockchain works with the Proof-of-Work algorithm. But, as was mentioned, the work is based on the unique protocol. It manages nodes dividing them into clusters. If a transaction must be confirmed, it’s delegated to a group. The whole net doesn’t have to confirm the same block. As a result, the longest possible transaction time is 5 seconds. No bank or payment service can offer such figures. This blockchain can process 1,000 operations per second.
Unlike Ripple, Stellar made their source code open from the very beginning. They also developed and applied several rules of the blockchain and organization in order to gain users’ trust. Among them are periodical reports of the work, public budgeting and denying the policy of privileged users. Stellar is fully distributed and owned by the community.
How to Buy and Store Stellar
One of the best solutions for managing crypto portfolio is the Atomic wallet. It is a decentralized crypto wallet supporting over 300 coins and tokens. It has built-in tools that can help you to buy Stellar with a plastic card or exchange it with other cryptocurrencies. The rates are always among the best, operations are processed on a lightning speed. Atomic wallet is one of the most trusted wallets according to 5-star rating on Trustpilot.
Atomic wallet works as desktop applications Windows, MacOS, Ubuntu, Debian and Fedora and Android and iOS mobile applications. The download and installation are totally free and takes literally seconds.
One of the main points of Atomic is it’s security. All the key data is encrypted and secured on several levels. Private user keys always remain on the device and can’t wind up in someone else’s hands. Atomic wallet cares about their users’ funds really much.
How to Exchange Stellar
On top of that, Atomic wallet allows exchanging assets quick and easy. There is an integrated exchange service supporting over 300 cryptocurrencies.
If you are going to exchange Stellar, press the ‘Exchange’ on the menu. Then pick what you want to trade and what you want to get in result. The left asset is what you send, the right is what you receive. Type in the sending amount and you will see the expected amount of funds you will get after the transaction. If it fits you, click on the ‘Exchange’ button and the magic will start to happen. The whole process usually takes 5 to 20 minutes.