Stellar Lumens (XLM) was created in 2014 by Jed McCaleb and Joyce Kim. Stellar Lumens focuses on simplifying a payment process for international transactions. The Stellar Foundation works closely with the IBM IT group. A central ledger is updated according to a common consensus via a global server network.
XLM has long been in the top 10 largest cryptocurrencies by market cap. At the moment, Stellar Lumens is in 14th place with a market cap of just $1.8 billion. The XLM rate has also had changeable times. Stellar is characterized by significant price fluctuations, which make the coin particularly interesting for traders.
But Stellar Lumens’ concept could also be interesting in the long term for use in digital financial services and for institutional purposes. In this article, we’re about to take a close look at a short-term Stellar Lumens price forecast. Let’s get started!
Stellar Price Prediction: Short-Term Forecast 2020-2021
Stellar performed well in the first half of 2020. In the first quarter, for the first time in over a year, the XLM rate rose above $0.1. The second quarter was also extremely successful for Jed McCaleb’s project. The Stellar Development Foundation hired 10 new employees and successfully implemented the major ‘Protocol 13’ update.
The Stellar Foundation not only follows the development of its own project but also acts as an investor. The Foundation also supports a SatoshiPay payment provider, which offers cross-border payments.
Furthermore, it was recognized that the media effectiveness must be increased if one wants to stand out from the shadow of Ripple. More than 20 virtual conferences were held during a Corona crisis. The Stellar Development Foundation also partnered with the World Economic Forum to increase acceptance of the cryptocurrency.
The number of transactions in the Stellar network also increased significantly. In the first quarter of 2020, transactions rose by almost 39 percent. This also underlines the growing acceptance of Stellar Lumens in a community. With an average of 5.5 seconds per transaction, Stellar is just as fast as its major competitor, Ripple.
What Do Experts Say?
Many experts still see Stellar Lumens as one of the most powerful projects in a crypto world. In the long term, in particular, they expect a worthwhile investment. In the short term, Cryptoground.com’s AI algorithm expects a value of just over $0.109. This roughly corresponds to the current rate.
Longforecast’s experts are also following the development and are expecting a price of up to $0.143 in December. Tradingbeasts.com sees a stable price trend until the end of 2020. Accordingly, the price could be constant at around $0.11.
Stellar Price Forecast 2021
According to the previously mentioned Stellar forecast from Tradingbeasts.com, the year 2021 could continue to satisfy investors. By December 2021, experts forecast an increase of 50 percent at the current rate.
The most positive forecast is made by Digitalcoinprice.com. At prices ranging from $0.13 and $0.27, Digitalcoinprice.com sees a significant price increase for the coming year. Longforecast’s forecast is equally positive. A slight increase to $0.13 is expected by mid-2021. However, according to this forecast, there could be a slight drop to $0.77 in the second half of next year.
In a direct comparison of all known forecasts, one can assume an increasing XLM rate in 2021. A slight price decline is currently only expected in the second half of 2021.
What do you guys think about Stellar Lumens? Just share your thoughts in the comments!