From a high of $0.79 in January 2018 to the latest current price of $0.07 in May 2020, XLM has without doubt seen worst days.
However, the price of the crypto is not going down without a fight. While the Stellar Lumens price drop may be significant, it has not been a smooth decline all-through. There are times the cryptocurrency resisted the bears and other times the bears outrightly took over.
Stellar Lumens XLM Price Predictions 2020, 2025 20
Interestingly, despite the bears seemingly having the upper hand, the virtual currency occupies position 13 in the cryptocurrency market. Currently, it has a market capitalization of $1.4 billion, a circulating supply of 20.2 billion XLM, a total supply of 50.0 billion XLM, and a 24-hour volume of $498.09 million.
So, is the price of XLM ready to take its place in the cryptocurrency market? Are investors still stocking or theyre emptying their bags? Is the future growth making XLM a good investment?
In this Stellar Lumens price prediction, we explore the various XLM technical analysis targeting its price. We also sample views of whether XLM is capable of moving from its current price to hit a price of $1 or even $100.
But, first thing first. Lets look at the basics of Stellar as a blockchain project and XLM as a native cryptocurrency on the platform.
What is Stellar?
Stellar is an open-source blockchain platform that promises to revolutionize the global financial sector. Its built to connect payment systems, individuals, and institutions, allowing them to seamlessly transfer funds while keeping the transaction fees low and enhancing the transaction speed. These features lack in the current traditional financial system.
Launched in 2014, the project was founded by Jed McCaleb who is also the founder of Ripple, and was involved in the creation of the now-defunct Mt. Gox Bitcoin exchange.
Open-source network unlike Ripple
Despite McCaleb moving from Ripple, Stell ...