Stellar has upgraded its platform from Protocol 13 to Protocol 15 on November 23rd, the upgrade has improved sponsored reserves and claimable balances on the platform bumping the price of the coin by 68% last week.
In the light of advancements and growth on the network, Stellar Lumens will soon add USDC, a major stable coin to its network. USDC. The coin is originally hosted on Ethereum and we can expect to see it on Stellar blockchain by Q1 2021.
Stellar Development Fund has created a Stellar Community Fund to incentivize the developers and encourage them to build applications on the protocol. The fund rewards 3 million Lumens every quarter to projects that are selected via public community vote.
Stellar Lumens' price for today is $0.178126. Its current circulating supply is 21,789,844,896 XLM with a market cap of 3,867,208,610 USD.
What is Stellar Lumens (XLM)?
The Stellar network is a pragmatic blockchain project which aims to work as a bridge between the exactly opposite worlds of decentralized cryptocurrency and traditional, centralized financial institutions. Stellar is known for its unique consensus method — the Stellar Consensus Protocol, which is totally unique in the blockchain ecosystem in a traditional sense.
Stellar is a blockchain platform which is primarily focused on integrating distributed ledger technology (DLT) into existing financial infrastructure. Stellar presents as the future of banking and intend to address the gaps that exist between the disparate closed system, composed of the current international financial markets.
While Stellar offers advantages to everyday users, organizations, financial institutions, and banks are positioned to gain the most from the system it proposes. Stellar allows these organizations to leverage its network to reduce the transaction and remittance costs, manage micropayments, and increase the reach through mobile branches.
Market prediction for Stellar-Lumens price
As the market is very volatile, it is not easy to predict any cryptocurrency per se, that too, when it is the 6th largest cryptocurrency in the world. Looking at all the predictions given by the market enthusiasts/ publications/ traders, one thing is certain that there is a lot of hope surrounding Stellar price prediction.
#1 Long Forecast
Long Forecast gave an entirely conservative prediction, where they forecasted that by the end of 2020, XLM might reach $0.39, which make sit look like it won't grow much as compared to the current price.
#2 Wallet Investor
Wallet Investor updates prices and predictions every three minutes using the latest technical analysis. They have very conservatively made a 1-Year forecast of $0.00484.
#3 Crypto Ground
Crypto Ground has predicted that in a time period of one-year, XLM might reach $0.1054 and in 5 years, Stellar can go as high as $0.7422.
#4 The Economy Forecast Agency
This website features a long-range forecasting model to make market forecasts for corporate clients. The website has its own price prediction for 2020, which says XLM will see a high of $0.64 in 2020, which is by far the most conservative and pessimistic of XLM’s price predictions.
Stellar Lumens price prediction 2020
Jed McCaleb announced a partnership with 30 banks and s projects such as Mobius, Hashcash, and SatoshiPay. All of that allowed them to propose XLM prediction of $1. That would be a very optimistic prediction. We believe that Stellar Lumens may reach around $0.77 by 2020. Liverpool is aiming to become the world’s 1st carbon positive city by 2020, with the foundation and its utilization of the Stellar network playing a pivotal role in doing so. The speed at which the adoption of DLT on the Stellar network and these collaborations are happening demonstrates a fantastic validation of the capabilities of the protocol.
Stellar Lumens price prediction 2025
In a period of five years, Stellar will grow out to be one of the best performing cryptocurrencies, which means the rate of growth will be high. Some predict Stellar might reach $5, looking at the current rate of adaptability. But, according to a realistic and conservative analysis, we believe Stellar will certainly touch the $1 mark in 2025, in fact, we are predicting XLM to reach $1.14 by the end of 2025.
It might go up the ranking ladder, by market capitalization, considering that most market veterans are predicting that Stellar will show the growth percentage even more than Bitcoin. Through IBM’s partnership with the Australian government, Stellar is going to be one of the eminent partners that might garner huge success.
Frequently Asked Questions (FAQs)
1. Can Stellar Lumens reach $100?
This is not a very probabilistic figure, as Stellar Lumens is trading at $0.06 now.
2. Is Stellar Lumens a good investment 2020?
Stellar Lumens is one of the top 15 cryptocurrencies by market capitalization and is favored by most of the cryptizens.
3. Does Stellar Lumens have a future?
Stellar Lumens has produced a great milestone for its future. Considering those intact, it has great potential to grow.
4. Will Stellar Lumens reach 1 dollar?
It is estimated that Stellar Lumens might reach 1 USD by 2025.
