Stellar Lumens (XLM) is one of the oldest cryptocurrencies around. Many technological developments have been on the Stellar Lumens platform. One thing that draws believers to the coin is that it’s so cheap to send because that is the objective of XLM. Instant international transfer to challenge modernized banking systems should be the primary function of cryptocurrencies for massive adoption.
Today’s Stellar price is $0.112730 with a 24-hour trading volume of $174,991,818. Stellar is up 0.73% in the last 24 hours. The current CoinMarketCap ranking is #24, with a live market cap of $2,816,925,957. It has a circulating supply of 24,988,270,409 XLM coins and a max. supply of 50,001,806,812 XLM coins.
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 Stellar Lumens price analysis reveals that the market’s volatility follows an increasing direction. This signifies that the XLM/USD values subject to change will fluctuate in the direction the volatility moves; more volatility means the XLM price is more prone to undergo variable change.
The digital currency utilizes Stellar consensus protocol, their customized 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 reduced fees for cross-border payments.
Founder and CEO Denelle Dixon described this as a significant step forward for Stellar since it successfully connects the blockchain and the real world. This represents a monumental development for the Stellar network and the wallets that are part of the Stellar network; Stellar has since announced a U.S. pilot program to test this feature.
Although much has been made about bitcoin acceptance in the real world, this relationship, if further developed, represents a significant step forward in this regard.
Stellar Network Enables MoneyGram’s bankless payment method
The Stellar network’s connection with MoneyGram International, the world’s largest money transfer company, is becoming stronger by the day. The firm has disclosed a live cash-in and cash-out pilot in the United States in an official blog post.
A New Europe-Africa Payment Corridor Will Be Created With Stellar’s New Partner MoneyGram has formed a partnership with the Stellar Development Foundation after dissolving its engagement with Ripple after the SEC lawsuit against its leaders. Since January, the company’s business partners have made significant measures to enhance the company’s ability to process payments.
New MoneyGram initiatives have enabled them to implement “one of the fastest, most frictionless. transactions” possible, according to the company.
Cash-In Cash-Out pilot program by Stellar and MoneyGram
This is the first step in MoneyGram’s relationship with Stellar: a live cash-in and cash-out pilot in the US. Money may be deposited into digital wallets at any MoneyGram facility participating in the test experiment.
Therefore, various payment processors frequently use the Stellar platform worldwide, naturally leading 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||$ 0.104983||$ 2.63 B||1.99%||25.10 B||$ 133.20 M|
Stellar (XLM) Price History
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.
Technical analysis gauges provide real-time ratings for the specified periods. The summary for XLM/USD is based on the most prominent technical indicators — Moving Averages, Oscillators, and Pivots. Results are given in the image below.
At the beginning of 2020, the market eventually bottomed out around the $0.03 mark, as seen on the price chart.
During 2020, Stellar price established a significant swing higher high at $0.12 and a higher low at $0.07. In 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 solid recovery.
XLM performance coinmarketcap
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.
New developments in the Stellar XLM network
Stellar XLM recently partnered with Coinqvest, an all-in-all enterprise payment platform, to offer a programmable cross-blockchain settlement for merchants. Conqvest was built on the Stellar XLM blockchain network.
Two companies, Wyre and Rehive, built on the Stellar ecosystem, integrated to bring customers the ability to develop and scale a fintech app in a matter of days. Stellar announced this: https://twitter.com/StellarOrg/status/1516923219587985408
How to buy Stellar (XLM)
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Stellar.
The native Stellar exchange, Lobstr, allows you to buy XLM directly on the network. See this longer list of XLM-supporting exchanges for more options.
Note that digital currencies can be volatile and buying them can be risky. While lumens will always have utility in the Stellar network, the price of lumens denominated in fiat currency may change, and you could lose significant value.
For storing XLM and for easy access to network features like payments and peer-to-peer sends, Stellar recommends hardware or digital wallet from this wallets list.
Stellar XLM technical analysis
As of now, the market situation is bearish, and the support level is being tested. A change in the price of currencies has come. The Stellar price analysis reveals slightly bullish sentiments in the market as the price the market quickly recovered to $0.129 after setting a low of $0.122 today. However, the overall market is currently in a downtrend based on the moving average line. It is uncertain whether the market will break the previous swing high of $0.145.
The coin360 heat map also shows that the overall crypto market is slightly bullish today. Both Ethereum and Bitcoin, along with other altcoins, have marked small increases. However, this bullish sentiment may be short-lived considering the overall bearish nature of the cryptocurrency market.
The 1-day graph of Stellar price analysis shows that the market was consistently forming a series of lower highs and lower lows until the 12th of May 2022. This was followed by bullish engulfing, leading to a few days of uptrend until resistance was established around the $0.145 mark.
Currently, Stellar has not retested the resistance, but the bulls seem to be in full force against the bears. The RSI levels in the 1-day graph at 36 suggest that the market might be oversold, so there are some chances of a further increase in the price. But to retest the $0.145 resistance in the coming days, the current day’s price must close above the moving average line, which seems possible but difficult.
Stellar Price Predictions by Authority Sites
Stellar Lumens’ price prediction for 2022 shows that the cryptocurrency will increase in price, according to Wallet Investor. They predict that the coin will reach $0.221 by 2022. Wallet Investors predicts Stellar XLM to be a profitable investment option. Based on their long-term price prediction, XLM is expected to experience a 315% increase in the next five years, and the price should be $0.548.
According to Trading Beasts, stellar Lumens’ price for 2022 is bullish. They predict that the coin will experience a 40% increase in 2022. The coin is also expected to have a minimum price of $ 0.160 and $0.235 by 2022.
By 2023, Stella Lumens’ price is expected to continue in an upside trend. Trading Beasts predicts that the price of XLM is expected to have a minimum price of $0.142 and a maximum price of $0.209. In 2024, XLM is expected to have a higher price increase, and the price of XLM is expected to have a minimum price of $0.193 and a maximum price of $0.285. XLM is forecasted to have a minimum of $0.194 and a maximum price of $0.285 by 2025.
Price Prediction forecasts that XLM will have a minimum price of $0.16 and a maximum of $0.18 by 2022. In 2023, XLM is expected to have a minimum price of $0.23 and a maximum price of $0.27 by 2023.
By 2027, Stellar XLM is predicted to have a minimum price of $1.02 and a maximum price of $1.25. Again, PricePrediction also predicts that XLM will have a minimum price of $2.98 and a maximum price of $3.80.
|Year||Minimum Price||Average Price||Maximum Price|
Stellar Price Prediction 2022
Stellar Lumens’ price prediction for 2022 shows that the cryptocurrency will have a minimum price of $0.16. We expect the cryptocurrency also to have an average price of $0.17 and a maximum price of $0.18 by 2022.
Stellar Price Prediction 2023
There is a high possibility that the Stellar price forecast for 2023 will take good upside momentum. We expect this cryptocurrency to break through the $0.21 barrier and hold the market by 2023. If not, the lowest possible price in 2023 could be between $$0.17 to $0.21. According to its performance, we expect this coin to have an average price of $0.20.
Stellar Price Prediction 2024
Stellar XLM price prediction for 2024 also shows that the cryptocurrency will continue its uptrend from 2030. However, the coin is forecasted to trade at around $0.24. XLM is predicted to have an average price of $0.20 and a minimum price of $0.16.
Stellar Price Prediction 2025
There is every possibility that Stellar price will double in price in 2025. The coin is predicted to trade at around $0.27 and would have an average price of $0.24.
Stellar Price Prediction 2026
In 2026, we expect Stellar to surpass $0.26. We expect the coin’s lowest price to be $0.21.
Stellar Price Prediction 2027
We predict that Stellar XLM will cross a price level of $0.31 in 2027. Meanwhile, Stellar is expected to reach a minimum price of $0.25 in 2027.
Stellar Price Prediction 2028
In 2028, Stellar is expected to have a minimum price of $0.38 and a maximum price of $0.44. We also predict that the average price would be $0.41.
Stellar Price Prediction 2029
In 2029, we predict that Stellar lumens will have a minimum price of $0.51, a maximum price of $0.56, and an average price of $0.54.
Stellar Price Prediction 2030
In 2029, Stellar price prediction is expected to cross the $0.54 average price level. By 2029, Stellar’s minimum price is expected to be $0.51. Additionally, XLM can reach a maximum price level of $0.56. At the end of 2029, Stellar will have an average price of $0.56.
Stellar Price Prediction 2031
By 2031, Stellar’s minimum price is expected to be $4.47. Additionally, XLM can reach a maximum price level of $5.25. At the end of 2031, Stellar will have an average price of $4.63.
Stellar Price Prediction by Industry Experts
Famous crypto influencer Ryan Matta predicted that XLM’s would be 10x in the future. However, he indicated that if Bitcoin gets bullish and moves higher above its $30,000 resistance zone, we might see the coin run with Bitcoin and a price level above $0.4.
Stellar Lumens is a decentralized and open-source network. Its coin is supported by The Stellar Development Foundation (a US-based non-profit organization). Using Stellar Lumens’ price forecast, we deduce that this cryptocurrency may be a good investment option. However, it is essential to know that Stellar price prediction for 2022 and beyond can change. It may achieve its price target and forecasts, and it may not. Even though the cryptocurrency has a high rating in the crypto market, you must do your research before investing in it.