An introduction to XLM
In order to understand the price predictions we first have to understand XLM briefly.
Stellar Lumens or better known as XLM was launched in July of 2014. An interesting fact about XLM is that it was founded by Jed McCaleb, the same person who co-founded Ripple. He also developed Mt. Gox the first Bitcoin exchange based in Japan which processed over 70% of Bitcoin transactions during 2013 and 2014.
Patrick Collison who is the CEO of Stripe had also invested in the development of XLM. Stellar Lumens is a payment platform which connects banks, users, and even various payment systems. Stellar allows the digital currency to fiat currency transfers, and this means that you can process any transaction across the border between any two currencies.
Stellar Lumens tries to keep the transaction fees as low as possible while having no compromise on the transfer time or quality of the service. Stellar allows transactions to be processed just as fast as emails are sent and received. Its worth mentioning that XLM is in direct competition with Ripple as that also is a digital partner for banks and firms. To an extent Stellar also competes with Etherum.
What is XLM’s future? – price predictions
Stellar has partnered with big companies including IBM (for a cross-border payment system), Stripe, Deloitte, Novattl, and Tempo. The entire crypto market and charts have been red for some time now and while many cryptocurrencies are struggling to climb XLM is one of the very few which is holding up.
Stellar (XLM) Price Today – XLM / USD
As reported by Theoofy Stellar is very close to the biggest cryptocurrency bull run gains XLM is blessing our eyes with the green percentages on charts from the past week. Even today the cryptocurrency is at a positive 4.36%. The world’s sixth largest cryptocurrency broke out of the $0.22 mark during September which helped experts predict that the price can rise further in 2018.
The key price point for XLM is $ 0.241. The cryptocurrency has surpassed that after being bearish for a while. There are a lot of speculations about Stellar’s XLM, with some experts saying that it will touch the $2-2.5 mark by December. While others say that it will drop to $0.15 per coin by year end.
As reported by Theoofy Steller is the quietest and most awarded cryptocurrency on the market. Although the coin isn’t expected to go anywhere near the $1 mark during 2018, it is expected to rise to $0.90-1 by early 2019. If we have a look at XLM’s chart, we see a MACD line which means that the cryptocurrency is now going towards a bullish market. Moreover, the 100 EMA line can also be drawn which means we can expect a slow but steady rise in the value of XLM.
The RSI also clearly shows that a lot of people are investing their money in Stellar’s XLM which is a positive sign, as the supply is stagnant but if the demand increases we can expect a rise in its price. The long-term forecast shows that although there will be ups and downs, the price will settle somewhere between $0.95-1.
Conclusively, something which many investors tend to ignore is the fact that in the volatile world of cryptocurrency there is interdependency. This means that the prices of a majority of altcoins depend on the value of Bitcoin, Etherum and other big cryptocurrencies. The interdependency has been proven many times.
For example, the all-time high of $0.85 per XLM coin occurred during the 4th of January 2018 when Bitcoin was at its all-time high, and the market was very bullish. On the 15th of October, 2018 CoinSuper, which is a cryptocurrency to fiat exchange also listed Stellar’s XLM coin. The future seems to be bright for the investors who are patient enough.
The success of Stellar’s XLM is also dependant on its partnerships. If it manages to seal more prominent deals with more significant cooperations then most probably we will see a sharp rise in XLM’s price.