The future of the Stellar coin | XLM coin forecast 2023
If you are a fan of Ripple and the currencies that split from it, such as the Stellar currency. This article will provide you with everything you want to know about the future of the Stellar coin and its potential, as well as the most important predictions for the XLM 2023 coin and the coming years.
Stellar is an open network that allows the transfer and storage of funds. When this network was released in July 2014, one of its most important goals was to promote financial inclusion by reaching the unbanked people in the world, but soon after, its priorities shifted towards helping financial companies communicate with each other through block technology. Chen. The intranet currency, XLM, acts as a transactional bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge very high fees for similar financial services. It is worth noting that Stellar was originally based on the protocol for the digital currency Ripple. Its blockchain network was created as a result of the fork, with its code subsequently rewritten as well.
Read on, to learn more about the future of XLM coin. We will focus on three main things:
✅ Look at the price history of the XLM coin.
✅ XLM coin predictions for the coming period.
✅ The future of the 2023 Stellar coin.
XLM (Stellar) coin price history and market position
XLM (Stellar) is trading at the time of this report’s update at $0.1928 with a decrease of 5.24% over the past 24 hours, with a 24-hour trading volume of $272,782,548. CoinMarketCap ranks this coin at number 30, with a market capitalization of $4,795,128,360. XLM’s circulating coin supply is 24,300,000,000 coins with a total supply of 50,001,806,812 coins.
When XLM (Stellar) coin was first listed on exchanges in 2014, the price of the asset was looking for real value. As the coin approached $0.0012, investors showed great interest in it and its project and raised its value to the $0.01 level in December 2014. This was the first time that the value of Stellar (XLM) coin increased tenfold at once. After reaching this high, the price of XLM fell again in August 2015. From then until April 2017, this coin was trading in a price range between $0.0012 and $0.0036.
In April 2017, XLM coin broke the resistance at $0.0038, as bullish momentum pushed the price to $0.073 per coin. This was our currency’s second rally to the upside, with more than 19x growth.
After reaching a new high, XLM price pulled back again due to the bullish trend in Bitcoin, and its price reached $0.0063 on September 15, 2017. One day later, the price rose again above $0.01. In September 2017, the upward momentum resumed and on January 4, 2018, the price peaked at around $0.90, marking an all-time high. At that exact exhilarating moment in the history of this cryptocurrency, it was hard to imagine the suffering that awaited XLM in the future.
Most of the big analysts weren’t particularly optimistic about the strong bullish moves in Stellar (XLM) then. According to TradingBeasts’ forecast, XLM was touted to make bullish moves in 2020, and by the end of that year, Stellar’s ​​price was expected to average around $0.11 to try to reach $0.19 by the end of 2023, as it witnessed a year 2020 price rise to levels as high as $0.20, it has since crossed that area to make new highs.
On May 10, 2021, the price of Stellar (XLM) reached its highest level since 2018 at $0.73, gaining more than 500% in just a few months. The coin started recording continuous growth, but the price fell again after that and Stellar (XLM) is currently trading between $0.1970 – $0.3057, and although this may seem like a low price range, it should be noted that this is still a price. increased compared to previous years since 2018.
With the beginning of 2022, the digital market witnessed a significant downward trend that affected the prices of all digital currencies, including this XLM coin. But it did not lose much of its value and is still trading within the same price range.
After we took a clear picture of the price performance of the Stellar coin since its launch, let us now turn to the future expectations of the Stellar coin in the coming years.
Stellar coin predictions 2023
If XLM coin holds the support level around the 200-MA, which is the long-term moving average of 200 days steadily, then buyers will have time and stability to form the next attack mission at the vital level at $0.6, which will prevent its price from falling and help it to go higher. Instead of that.
XLM coin predictions through 2024
Taking into account the updates and developments of the project as well as the new project expectations of the platform, a real growth in the price can be expected to reach around $0.7.
XLM Coin Predictions in 2025:
In the next four years, XLM price may reach above $0.9. Reaching this level could not be too difficult for XLM in the future for the fact that it has already crossed this price level before. It is also possible to find medium, short and long-term price targets for buy or sell orders. Which indicates that XLM has a high potential to reach a good price level in the long term.
The future of the Stellar coin
Looking at the trend of XLM coin news today and since its inception in the market has always been somewhat of a negative performance chart. However, it has always managed to be among the top altcoins even with its performance, and under the conditions of this highly competitive market.
Given the collapse of the economy after the COVID pandemic and the volatile nature of the digital market, it can be said that this digital asset can constitute a good short- and medium-term investment, but it is not a long-term crypto market investment tool. Investors cannot rely on this currency as a long-term investment option. However, according to Stellar news reports and Stellar forecasts for 2022, the price action may change, and it may achieve its next higher price target. Thus, XLM may become a long-term investment option.
However, Stellar can be considered as a good investment option in this digital investment market, with it consistently ranking well and high in the cryptocurrency market rankings alongside a few other digital assets.
Frequently asked questions about the future of the XLM coin
Can the price of XLM (Stellar) coin reach $10?
Forecasts for the future of the XLM currency indicate that its price may reach one dollar in the near future, but that will be very difficult. However, this does not mean that the currency does not have growth potential; Anything can be expected in today’s crypto world.
Where can I buy Stellar coin?
XLM has been listed on several cryptocurrency exchanges including Coinbase, Kraken, Binance, Bittrex, Bitfinex, Upbit, Coincheck, Huobi, NovaDAX, and GMO Coin.
Is Stellar coin worth buying?
Stellar coin is ranked as the 24th best cryptocurrency by market capitalization and is favored by most of the cryptocurrency enthusiasts. It is also expected that this currency will have a strong future, and therefore it can be said that the expectations of the future of the Stellar currency actually encourage its purchase.
Disclaimer: The content of this article is for informational purposes only. The information provided should absolutely not be considered as investment advice or a recommendation. No warranty is made, express or implied, as to the accuracy of the information or data contained herein. Users of this article agree that Money Secrets does not accept responsibility for any of their investment decisions. Not every investment or trading strategy is suitable for anyone. See the risk warning statement.