The Best Crypto Exchanges to invest in Stellar Lumens (XLM) tokens

The Best Exchanges to trade Stellar Lumens (XLM)

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Stellar is an open-source decentralized blockchain network. The stellar blockchain operates on Stellar Lumens (XLM), the system’s native token.

Who could have predicted that the price of stellar lumens would increase by more than 300% in 2017?

In this article, we will look into more about Stellar Lumens (XLM), and what to expect from the token’s future.

Stellar Lumens (XLM) Price Prediction for 2022 – 2030

It was a banner year for Stellar, with many partners joining the network, including tech giant IBM. XLM is currently ranked 24th out of the top 30 cryptocurrencies by market capitalization. From 2018 to 2020, the price of XLM dropped precipitously. However, in 2021, Stellar Lumens reached a high of 0.797800, which is the highest price point since January 2018, indicating enormous market strength. Thanks to this article with the Stellar price prediction you will be able to understand what you can expect from the future price of XLM,

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What is Stellar Lumens (XLM)?

Stellar is a decentralized open source protocol that seeks to perform fast, cross-border transactions between currency pairs. The stellar blockchain is also used to develop decentralized applications (dApps), which makes it possible to create new projects based on Stellar. The native token of the Stellar ecosystem is called Lumen (XLM) , and all operations within the Stellar network are done through it.

Stellar was founded in early 2014 by Jed McCaleb and Joyce Kim. The project was developed as a fork (branch) of the Ripple cryptocurrency. Early in its development, Stellar (XLM) was based on and operated on the Ripple network. In November 2015, the Stellar team launched its own network with its own protocol. Since then, it has processed more than 450 million transactions for more than 4 million personal accounts. Large companies and SMEs choose Stellar (XLM) to transfer funds and enter new markets.

Stellar has never wanted to replace the existing financial system. From the beginning, the main goal of the company was to integrate cryptocurrencies and new technologies into the existing financial ecosystem. Compared to Bitcoin, whose network operates solely in BTC, the Stellar network is a decentralized system that is exceptionally well-suited to operating any type of currency transparently and effectively. Even Stellar’s software has been designed in such a way as to enhance existing financial ecosystems, but not replace or destroy them.

Stellar is making a peaceful revolution in the world of payments by signing partnerships with central banks and integrating cryptocurrencies into the financial ecosystem.

The real world application of the Stellar network is expanding every day. New companies and projects join the Stellar Consensus Protocol and expand the application areas of the technology. Many organizations and non-profit companies use the Stellar infrastructure. To predict the future of Stellar Lumens, we need to focus our attention on the following real-world partners and solutions that are already operational:

• The Praekelt Foundation integrated Stellar into the open source messaging app Vumi for girls in sub-Saharan Africa to save on communication services.
• Oradian, a cloud banking software company, uses the Stellar network to connect microfinance institutions in Nigeria.
• In August 2017, Stellar launched a much easier to use and lower cost ICO platform compared to competitors such as Ethereum.
• In October 2017, IBM, the IT giant, announced the cooperation with Stellar, which opened new horizons for IBM’s World Wire project operating on the Stellar blockchain.
• Well-known payment service Satoshi Pay uses Stellar to provide payment services.
• Saldo partnered with Stellar and made it easy to pay cross-border bills, helping migrant workers send money home to their families.
• Earlier this year, Stellar was also promoted to Visa power in a new partnership deal.

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Overview of the Stellar network

As we have already mentioned, the Stellar network is designed for forex transactions. But how exactly does the network work?

Stellar servers run protocol software and use the Internet to connect to other Stellar servers and exchange data, thus forming a global currency exchange network.

Each server stores records of all accounts in the decentralized network. The records stored in a database are called “general accountant”. The server declares changes in the general counter, provides transactions, transfers the account from one state to another, spends the account balance or changes its attributes.

All the servers try to reach an agreement for some transaction packets to be applied to the main counter through a process called consensus. The consensus process starts at regular intervals, typically every 2-4 seconds. This will keep each copy of the counter in sync and in the same state. In the beginning, when Stellar was using the Ripple protocol, a problem was detected in the system with the existing consensus algorithm. Stellar developed a new consensus algorithm and created an updated version of the protocol based on a new brand code. The new code and technical documentation of the algorithm were published in April 2015. The improved network went live in November 2015. By organizing the Stellar payment network;

1. The Stellar Foundation for Development was created, a non-profit fund without shareholders. Thus, the founders cannot benefit from the sale of shares.
2. The Stellar Development Foundation made sure that the platform protocol remained open just like when it was operating on the ripple network.
3. There are no privileged members in Stellar. Each member is valued.
4. The Stellar Foundation for Development has promised to publish various reports on its activities such as employee salary report, Lumen grant report, budget, number of distributed Stellar Lumens (XLM), etc.
5. The number of Stellar Lumens to be created (100 billion) was announced early on. New XLM will be generated every week to create an artificial inflation of 1% per year. The costs of the development fund (5% in total).
6. Most of the Lumens should be distributed for free, except 5% of running costs. The funds must be distributed more or less equally.
7. 25% of all Stellar Lumens (XLM) must go to non-profit organizations.
8. Under a restrictive agreement, parties with larger amounts of XLM cannot sell them for five years.

Thanks to this, the developers of Stellar have gained the trust of cryptocurrency investors in the future of the company.

Through the Stellar network, users can transfer Stellar Lumens (XLM), Bitcoin (BTC), Ethereum (ETH), dollars or any other currency to other users around the world. Stellar has a built-in conversion system whereby users can send one currency and the recipient receives its equivalent in another currency. Samsung recognized the potential of Stellar and integrated XLM into its new Galaxy smartphones. The company’s innovative technical solutions for exchanging assets give us confidence in the future of Stellar.

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Stellar Lumens (XLM) Price Analysis

Stellar (XLM) is ranked 32nd by market cap at $4,879,520,478.61. Stellar’s direct competitors are Ethereum (ETH), Cardano (ADA) and Ripple (XRP).

XLM Price History

To make a prediction about Stellar, we have to analyze the historical data. Stellar is a high-quality project that was created in 2014 and continues to be developed today.

In 2014 it was hardly possible to predict that the future price of XLM would reach almost a dollar. But let’s review the price during the first steps of this cryptocurrency.

Back in 2014, when the coin first appeared on foreign exchange services, the price of the asset was looking for real value. In November 2014, when the coin approached $0.0012, investors showed interest and raised the value of the coin to $0.01 in December 2014. That was the first time that the value of Stellar Lumens (XLM) ) was multiplied by ten. After reaching that high, the price of XLM declined. It was in August 2015 that XLM retested the previously set low and narrowly surpassed it. From then until April 2017, Stellar Lumens traded between $0.0012 to $0.0038.

In April 2017, XLM broke resistance at $0.0038, as the accelerating momentum brought the price to $0.073 per coin. That was the second time it exceeded its maximum, it was multiplied by 19.

Just after reaching a new high, the price of XLM reversed back from Bitcoin’s downward momentum, hitting $0.0063 on September 15, 2017. A day later, it rose back above $0.01. In September 2017, the upward momentum resumed, and on January 4, 2018, the price peaked at nearly $1, marking an all-time high. At this stellar moment in the history of this cryptocurrency, it was hard to imagine what awaited XLM in the future.

XLM Technical Analysis

In the wake of pulling back from its one-year high in May 2021, XLM has struggled to gain ground again. Thus, it bounced above the $0.200 support level and appreciated by more than 100% before losing steam and starting to trade lower. in negative. Its price recently crossed the threshold of a support zone at $0.257 on the downside to record its lowest value since January 2021. The EMA 50 and 100 exponential moving averages also act as dynamic resistance and push the price down to the next support level at $0.112. As the current bearish momentum is only gaining strength, it is very likely that the price will continue to fall to a new two-year low.

Stellar Lumens: Price Prediction for 2018

In January 2018, Stellar Lumens (XLM) reached an all-time high. But after reaching almost $1, the cryptocurrency fell to $0.16 in early April 2018. By the end of the same month, XLM bounced back to $0.46. It returned to the low of $0.16 later in July 2018 and rose to $0.33 in the same month. Until November 2018, XLM traded in the range of $0.17-$0.28. At the end of the year, Stellar broke the $0.16 support level and closed in a strong downward trend, trading at $0.10 per XLM.

Stellar Lumens: Price Prediction for 2019

At the beginning of 2019, Stellar continued to decline and rebounded from a low of $0.07 in February. In May 2019, XLM reached a high of $0.16 and resumed its downward trend. The rest of the year was very bearish for Stellar; in December 2019, the price fell to $0.039 per coin.

Stellar Lumens (XLM) Price Prediction for 2022, 2023, 2025, 2030

Lastly, we can talk about probable assumptions in the Stellar Lumens (XLM) price prediction for 2022, 2023, 2025 and 2030.

Trading Beasts XLM Price Prediction for 2022, 2023, 2025, 2030

The Stellar Lumens price prediction provided by TradingBeasts points to a Lumen price increase in 2022, albeit a slow one. They estimate that the value of the XLM currency will be around $0.315 by the end of 2022, and its behavior could be similar in 2023 and 2024, when XLM could advance to $0.400 in 2040 and then stabilize at $0.332.

WalletInvestor XLM Price Prediction for 2022, 2023, 2025, 2030

Walletinvestor’s XLM coin prediction shows that it may drop below the $0.100 mark. They reckon that while XLM could grow to as high as 0.313 this year, it will likely trade near its all-time low at $0.005 before this. Their forecast improves however as the years progress, as they consider that the price of the Lumen token could rise to $0.851 in 2027.

LongForecast LM Price Prediction for 2022, 2023, 2025, 2030

Long Forecast believes that the future of Stellar Lumens will be quite subdued in the next decade and offers conservative forecasts for the price of the XLM coin, which they consider to be in the range between $0.030 and $0.20. As expected, the currency would fall to $0.07 in the remainder of 2022, and they do not believe that it will register a significant increase or decrease in its prices between 2022 and 2025. The situation will worsen in 2027, when they foresee XLM trading for a value close to $0.030.

Stellar (XLM) future value predictions in general

With Stellar, there will be significant fee reductions in the future, and money can be sent anywhere, quickly and affordably. New projects will continue to appear on the Stellar chain and contribute to the ecosystem. The goals the company has set for itself are achievable, and it is doing everything it can to bring us closer to them.

Will Stellar Lumen go up?

Stellar is one of the best and oldest cryptocurrencies on the market. It has a long history, and currency cycles can be predicted. Stellar Lumens (XLM) went through 3 cycles and its price increased by 19 times in each cycle. History has a cyclical nature; what has happened in the past can be expected to happen in the future. What we can say is that if Stellar goes up, $1 is a conservative price.

Stellar Lumens: Price Prediction for Today

Through a review of the stellar price predictions, we can expect broader adoption and growth in the future. The company is working on solutions to improve our lives. Stellar is working toward a future where people can quickly send money anywhere at affordable prices. With that goal in mind, they revealed the real power of the modern digital economy. It’s time to build your future with Bybit, a reliable platform with a user-friendly interface and a wide range of assets to invest in.

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