Earlier this year, the Stellar Lumen’s team announced that 30 banks and up to 60% of the South Pacific island’s retail corridor will be using Lumens. If this is the case, the price of Lumens could “MOON!”.
While some people would be happy to see Stellar’s price return to $.40 cents, others want the price to go beyond a dollar, $5 dollars, or even higher!
In this article, you will learn more about the current XLM price predictions. I searched all over the internet and have created a list of what the biggest and most reputable analysts are saying about XLM price predictions for 2019.
However, before you read on, please do me one favor and remember: before making any investments, you should consult with a financial expert and do your own research.
Now that that’s out of the way, get ready to learn all about the XLM price predictions in 2019, 2020 and beyond! But first, I’ll talk briefly about Stellar’s backstory and explain some of its most important features.You can think of Stellar as Bitcoin’s annoying younger brother. However, it is faster, more scalable, and cheaper. You can send XLM in 3-5 seconds at the cost of less than a penny.
It is often associated with Ripple, however, Ripple targets banks like Santander and HSBC, while Stellar is generally more concerned with providing banking services for individualsStellar is particularly revolutionizing cross-border payments. Imagine that you live in an isolated location like Micronesia and you want to send money to someone living in South East Asia. If you were to send that person a payment in Lumens, it would be much quicker and cheaper than other current payment services (such as Western Union).
If you would like a more in-depth tutorial on what is Stellar then click here!
Stellar’s ICO Platform
Stellar also has a striking ICO platform which up-and-coming cryptocurrencies are using to launch new projects. One of the biggest ICOs on Stellar’s exchange is Irene Energy, which can be thought of almost as a Tinder for energy sources. Using Irene, you can decide what source you get your energy from, such as solar panels, generators, and even your neighbor!This ICO, along with many others on Stellar’s platform could be exciting for fellow Lumenauts (the name given to Stellar fans)!
Earlier this year, the 39 Million-dollar ICO “Mobius” chose Stellar over Ethereum in a surprising move, reported by Coindesk. The founder of Mobius pointed to Stellar’s scalability compared to that of Ethereum’s.
The ICOs and the technical features behind Stellar are exciting, however, what is even more exciting is the expertise of Steller founder, Jed McCaleb. McCaleb has been one of the earliest, leading inventors in the blockchain community and is only getting stronger by the year.
In 2014, Jed McCaleb was still working at Ripple Labs, and it had been 7 years since he founded the website Mt. Gox.
Mt. Gox fell victim to a Bitcoin hack (the second biggest hack of all time) where the attackers made off with 460 million dollars’ worth of Bitcoin back in 2014!According to a New York Observer article from 2015, Jed McCaleb’s name being associated with Ripple nearly closed Ripple’s operating business account at Wells Fargo. This was due to hack that happened on Mt. Gox.
XLM Price Prediction Stellar co-founder Jed McCalebWhether or not McCaleb had anything to do with Mt. Gox, we don’t know. However, what we do know is that his reputation was completely tarnished after the attack and the proceeding bankruptcy.
Now, as we approach the 7-year anniversary of Mt. Gox, McCaleb has been pretty much out of the spotlight. He no longer has anything to do with Ripple and focuses all his time on Stellar Lumens.Stellar and IBM
Since Stellar was launched, McCaleb has already established a working partnership with one of the largest tech companies in blockchain, IBM.
IBM and Stellar already have a working blockchain product that uses Stellar Lumens in the South Pacific. The project connects retailers in some of the most isolated islands in the Pacific Ocean.
This partnership is exciting because it is already in motion. It is not some tokenistic, false partnership that is there to impress you. Jed McCaleb is doing big things with some of the biggest names in blockchain — which is very exciting for Stellar Investors!XLM Price History
2017 was a breakout year for Stellar Lumens. The price of Stellar in April 2017 was well below 1 cent ($.002USD to be exact). It started to gain some attention in May and over the summer it went as high as 4 cents!
It wasn’t until December 2017 that it started to pick up some serious steam. It’s the highest point in December was $.31 cents. Then in January 2018, Stellar went even higher, growing to its all-time high of $.93 cents.
Due to regulations, as well as several other factors, the cryptocurrency market on a whole has dropped, and Stellar is no exception. However, this could potentially be the perfect time to buy Stellar. Many analysts seem to have high expectations in their XLM price predictions, saying that the price will not only recover, but recover big!
So, without further ado, let’s take a look at what some of the leading analysts are saying about the XLM price prediction for 2019!XLM Price Predictions 2019?
After surveying 7 of some of the leading XLM price predictions, I found that most professionals predict that the price of XLM will only go up this year and well into the future! Let’s take a look at some, shall we?
In the months of May and June, Altcoin Forecast predict that XLM will gain about 35% against a Bitcoin. Compared to its current value of 0.00002935 Satoshi’s, this forecast service expects the price to reach as high as 0.00004664 Satoshis.
XLM Price Predictions In 2020?
The following predictions are two very different, highly speculative price predictions. Do not let either one of these XLM price predictions scare you or cause you to become too excited. Remember, crypto is incredibly volatile, the prices can be up one moment and down 50% the next. So, please read and act with caution.