Digital currency has become a new form of payment with several cryptocurrencies available in the market across the globe, however, only a few of these have survived in the market and have been increasing their price value over years. Lumen (XLM) is also among these cryptocurrencies which are a native digital currency for Stellar, and it is basically a blockchain open-source payment system.
Stellar (XLM) Price Prediction
Talking about Stellar (XLM), it is an open network that lets the money be moved as well as stored. This network’s token is known by the name ‘Lumens’ and it functions as a bridge that makes it quite reasonable for trading assets across the borders.
In the initial period when the Stellar network launched in the year 2015, there were about 100 billion XLM in total that were issued at that time. However, over the years things have been changed with the network having about 50 billion XLM with the current circulating supply of around 20.7 billion.
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Stellar gathered into February quite intensely, but at the same time XLM price has only accomplished to print minimal new highs in the month of April, which was quite negligible and it happened again in the month of May. This has brought a 30 per cent return from the February high and concluding to the May high which was a disappointing figure. Later on 12th May, the price of XLM further declined and this it was even below than its previous downfall and was low at $0.618.
However, Stellar has made a decent recovery from over the last 2 days, however to overturn the bearish viewpoint, the prices of XLM needs to meet above at $0.780.
Predicting token price is quite similar to gambling but such price prediction can give a fair picture of to the people or investors who are involved in investing into such digital currencies. Some of the sources and cryptocurrencies forecast platforms have given an estimation of XLM price that might be in this year. As per to Wallet Investor, the price of XLM is predicted to be $0.66 at the end of this year. They have been quite optimistic about its future price prediction but it is still a moderate number.
On the other hand, TradingBeasts has also been very hopeful for XLM price forecast just like any other cryptocurrencies available in the market. They have predicted that Stellar may possibly be worth $0.66 at the end of this year. While making the forecast, they have said that the price of XLM can possibly reach to their predicted mark if the digital currency shows no major flaws in security and if the complete sector performs well this year.
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