Stellar (XLM) is one of the oldest cryptos in the world. With a total market value of more than $11 billion. When we talk about its 24-hour trading rate it is more than $2 billion. This putting it in the 13th position at the time of publishing. In this article, we will tell you things related to Stellar Lumens Price Prediction. Read the full article to know more.
Stellar Lumens Coin
We should tell you that Stellar is blockchain technology. It was first introduced in 2014. After a few years, it was one of the first cryptocurrencies to make it into the top 100 most valuable coins. The crypto was founded as an alternative to Ripple by Jed McCaleb. He is also the co-founder of Ripple and MT. Gox, and Joyce Kim, a lawyer.
After its launch, he got a sponsorship from Stripe CEO Patrick Collison. After that, the stellar network was introduced with 100 billion stellar coins released at first. We should tell you that the initial funding of $3 million was provided to the coin. And in exchange, it gave 2 percent of the overall XLM token supply from the blockchain startup. In order to make an apt Stellar Lumens Price Prediction, one other thing is needed. Almost a year later, in January 2015, stellar cryptocurrency already had more than 3 million users. And as of now, its market cap is just below $15 million.
Stellar Lumens Price Prediction
Let’s talk a bit about its history before talking about its future price prediction. The stock price of Stellar XLM has risen significantly in recent months. The majority of 2018 and 2019 saw Stellar retrace from its former all-time peak of about $0.50. As can be seen on the price map, the market finally bottomed out at $0.03 in early 2020. During the year 2020, the Stellar price reached a major peak of $0.12 and a lower low of $0.07. The price of Stellar lumens began quickly rising in the middle of November. And it eventually reached $0.23. When the economy began to show signs of a good turnaround. This surge propelled the stellar prediction price for next year even higher.
As for 2021, we can expect the price to go down a bit due to the market behaviors. We can see that the market is a bit bullish and it has its effects on many things. And people have forecasted that for the next five years there will be no major changes in the coin. When we look into it a bit further in the future. The experts predict an average price of $1.869 by May 2023. With a median price of $2.041, and a minimum price of $1.639.
Overall, we expect Stellar price to rise above $1.5 by 2025, with more increases to even higher targets if the overall business cycle remains bullish.
Stay tuned with the global coverage for more updates.
