There are many methods to use when predicting the price of a cryptocurrency. Common ways of predicting the price of a coin usually involve technical and fundamental analysis. However, deep learning is now used to predict the price of a coin. For instance, an artificial Neural Network (ANN) can be used to forecast a token price like for this Stellar Lumens price prediction article.
With the use of deep learning algorithms, a coin's opening and closing price can be predicted in a scientifically proven and almost accurate manner. The forecasting method is used by developing a trading simulation on active and passive systems to see how effective it is. In this Stellar Lumens prediction guide, we will explore the future price of XLM in the coming years.
Let's take a brief moment to look at the Stellar Lumens (XLM) project before looking at the price and its subsequent price growth or decline in the coming years.
Stellar Lumens has an interesting background. Initially, its protocol was similar to that of Ripple, commonly known as the bankers' blockchain. Stellar Lumens was created in 2014 by Jed McCaleb ( Ripple c0-founder) and Joyce Kim. Initially, XLM was launched on the Ripple network; however, in November 2015, it moved to its network and protocol.
Stellar enables cross-border transactions without having to go through the hassle of banking systems and their procedures when it comes to currency exchange. To enable the ease of transaction, the Stellar XLM coin is utilized. In this Stellar Lumens price prediction guide, we will see how the use cases of Stellar can help influence the price in the nearest future.
Stellar Lumens Historical Price Analysis
Few days after its launch on August 6th, the price of one XLM was $0.00266100. It was easy for the price of XLM to grow steadily as it was riding on the back of the Ripple network. By January 2015, the price of the coin had dropped to $0.00175521. However, the Stellar Lumens Network now had about 3 million users and a market cap that rose to $15 million. Stellar Lumens also utilize partnerships to increase the value of its coin.
In 2016, Stellar partnered with Deloitte, and by the end of the year, the price of the coin rose to $0.002. In May 2017, the price of XLM rose to 0.005, and in that same year, Stellar launched its profit-based entity, Lightyear.io. The year 2017 also saw the partnership with entities like ICICI bank and KlickEx. XLM reached its all-time high of $0.919994 in January of 2018 and subsequently experienced a drop in price, and by 2019, it fluctuated between $0.005 to 0.0015 price range.
However, in the subsequent months, the coin's value dropped to around $0.11 by the end of December 2018. Multiple reasons influence the rise and fall in the price of XLM, but from this Stellar Lumens price prediction guide, we can see that partnerships helped boost the coin usage. In fact, in 2020, Stellar expanded its partnership to include crypto wallet service, Abra, World Wire (IBM’s global payment system), and Samsung Galaxy.
Current Price, Market Cap, & Supply Details
As of the time of writing, Stellar's price is $0.295945 with a 24-hour trading volume of $1,562,703,986 USD. Stellar is ranked number 10 on the coin market cap and has experienced a downward trend of 5.64% within the last 24 hours. XLM has a market cap of $6,239,808,285 and a circulating supply of 22,095,601,011 XLM. However, there is only a max supply of 50,001,806,812 XLM coins.
To actively trade XLM, you will find it in exchanges such as Binance, Huobi Global, OKEx, BitZ, and CoinBene, with its most active trading market being B2BX. XLM had its last all-time high on January 3, 2018, at $0.875563 -66.5%, while its all-time low was on March 5, 2015, at $0.00047612.
Stellar Lumen (XLM) Future Price Forecast Predictions
The crypto market has experienced a crazy bull year, which started in the year 2020. The bull market started with bitcoin and spilled over to DeFi and then Altcoins. Experts have predicted the turn the market will take, and there are different views about the price of XLM in the coming years.
Trading Beasts expects XLM to hit 19 cents in 2023, while crypto rating feels that the year 2021 will be a great year for XLM to hit 46 cents. On the other hand, Coinliker has a different and more bullish view predicting that XLM will hit $3.33 in about five years.
Short Term Forecast
Long Term Forecast
*This price prediction is based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice. Users should do their own research before investing.
Stellar Lumens Price Prediction 2021
By the end of the year 2021, forecast, algorithmic analysis, and deep learning predictions have shown that the price of 1 Stellar Lumens (XLM) could be about $1.332967. That is a 75.76% increase in price in one year.
Stellar Lumens Price Prediction 2022
We predict a general drop in the price of XLM by the end of 2022, and one Stellar Lumens (XLM) could potentially be worth about $0.532457. This will be a -150.35% drop in price, although it will rally back up in the coming years.
Stellar Lumens Price Prediction 2025
Stellar Lumens holds a lot of potential for cross-border transactions, and by the end of the year 2025, we predict that the price of XLM could hit $8.022468, leading to a bull run for the year 2025 with a 34.18% increase.
Is Stellar Lumens a Good Investment?
The crypto market is volatile, and despite predictions, it is not certain what the future holds. This means that there is no certain answer to this question. For most long-term holders, a project is considered a good investment if it has a solid and trusted team behind it and use cases supporting the project.
However, when deciding if a coin is a great prospect as an investment, other factors like an expert opinion, market trends, global situation, latest news, and technical analysis play a huge role. So, it is important to be knowledgeable about the market before investing. Also, you need to have a clear goal in mind while investing and be prepared to tweak your investment goals as the market grows and changes. However, for a coin like XLM, it has many prospects and seems like a fair investment.
How to Buy Stellar Lumens?
For long term holders, you will need a wallet to store your XLM. You can opt for hardware wallets like Ledger and Trezor or other wallets like Guarda Wallet, Atomic Wallet, Stellar Desktop Client, Stronghold Wallet, StellarTerm, and Lobster, amongst others. XLM is traded on Binance, Coinbase, Kraken, HitBTC, Bittrex, Poloniex, and its highest trading volume is on B2BX. However, we will be using Binance ad B2BX as a case study on how to buy XLM.
STEP 1: Set up a Binance account and complete the setup process, including your 2FA verification process for security.
STEP 2: Fund your wallet by depositing USD to your wallet using a bank transfer or your credit card.
STEP 3: Convert your USD to BTC or ETH and then buy XLM with it.
You can now hold or trade your XLM. For long term holders, you can transfer your XLM to any wallet of your choice.
On B2BX you can fund your wallet by depositing Fiat using AdvCash, Payeer, Bankcard, Bilderlings Pay, SWIFT transfer option, SEPA transfer, and cryptocurrencies. To buy XLM using BTC, you have to register and log in. You will be redirected to your exchange account page. You will be able to access the BTC wallet on the wallet tab, copy the address and deposit your BTC there and you can easily exchange your BTC for XLM.
If you want a fast and safe way to buy XLM, you can always use Changelly! It's easy to use and user friendly.
More Information About Stellar Lumens
What is Stellar Lumens?
The Stellar network is an open-source and decentralized platform built to facilitate cross-asset and cross border transfers of value. Launched in 2014 by Joyce Kim and Jed McCaleb, the founder of Mt. Gox and co-founder of Ripple, Stellar aims to facilitate faster cross border transactions between financial institutions.
The Stellar network will enable the exchange between two different currencies with ease. Also, users can exchange currencies with XLM even if the order does not match. For instance, if one user wants to exchange USD for Euro but there's no Euro available, XLM will enable you to convert the USD to XLM and then get Euro in return. The Stellar Network was designed to fit the Unbanked societies and create ease of transactions.
Transactions are carried out on the Stellar network using Lumens (XLM). However, trusted entities called “Anchors” enable the multi-currency Transactions and serve as a connection between different currencies and tokens and the Stellar network.
The Stellar Lumens team is supported by a dedicated team of technologists, blockchain enthusiasts, and business-focused individuals. With a solid road map and focus on partnering and improving the network. The Stellar leadership includes Nicolas Barry as CTO, Candace Kelly as General Counsel, Jordan Edelstein as CMO, David Mazières, who is the Founder and Chief Scientist, Denelle Dixon as CEO and Executive Director and Jed McCaleb, who is also the
Founder and Chief Architect. You can find out more about the Stellar Lumens Team and the board of advisors here.
Stellar Lumens has great potential and a great team as well. The project aims to help people transact without boundaries of currency, and they have already started laying partnerships in place to achieve this. Part of Stellar’s plan for the year 2020 included creating awareness and fostering a sustainable pathway for cross border payments. Although XLM piggybacked on Ripple, it has followed a different path and has managed to hold its own.
However, in the coming years, we predict a growth of XLM that would likely reach an all-time high of nearly $10. However, the Stellar Lumens team must continue to build and improve on its network. Low transaction fees and partnerships with institutions are a way to spike up the price.