The native token of Stellar goes under the ticker symbol of XLM and is known as Lumens. The XLM token is ranked #30 with a market cap of $5,031,869,049. The total supply of XLM coins is 50,001,806,812 XLM tokens, with a circulating supply of 24,784,221,852 XLM tokens.
Currently, the Stellar token is trading at $0.203027, which is 0.33% up from its price in the previous 24 hours. It is traded with a market dominance of 0.26%. The trading volume of the last 24 hours has also increased by 2.78% and stands at $397,546,350.35.
What is the Stellar (XLM) coin?
Initially, in 2014, it was created to allow money to be moved and stored. However, it shifted its motive to helping financial firms connect via blockchain technology over time. In simple words, Stellar wants to eliminate the friction people experience while sending money worldwide. It intends to provide an easy solution to convert fiat into crypto or transfer fiat across borders.
The Stellar blockchain was initially based on the Ripple Labs Protocol, and it originated as a result of a hard fork.
Its native token, Lumens, is used to make the transactions and lowers the overall cost of cross-border transfers. Furthermore, XLM also powers the whole network. Thus, it makes the entire international transfer of money very inexpensive, giving high competition to online payment methods like PayPal. We can also say that the crypto challenges all existing payment providers who offer high fees.
One important thing about this platform is that it is not set up as a bank or a business, but it is a decentralized, open public network. A non-profit organization named the Stellar Development Foundation (SDF) supports the whole Stellar network.
Stellar (XLM) coin price history & monthly technical outlook
In the last 24 hours, the XLM’s value has increased by 0.33%. When we compare the XLM’s current market capitalization to the previous day’s market capitalization, we can see that the market capitalization is dropping by 0.21%, and its fully diluted market cap is at $10,151,722,559.
Over the past seven days, the price of the XLM token has increased by 8.28 percent. Currently, the price of Stellar is $0.203367, which is about 78.37% below its all-time high level of $0.94. It suggests that there is a lot of room for improvement and that the coin could be a profitable investment opportunity.
Stellar (XLM) coin fundamental outlook
The primary goal of Stellar is to provide the unbanked economies with the facilities of remittances and bank loans. It also aims to decrease the transaction cost by significantly reducing the time lags. It was established in 2014 by Jed McCaled and Joyce Kim. The Stellar protocol has been making impressive progress as it only started as a platform similar to the money transfer companies. However, it has expanded its area of services with time, and now it also provides a platform to create and sell NFTs.
Furthermore, it also assists governments in issuing their CDBCs. In addition, it has also provided a bridge-like service to all banks and financial institutions to make cross-border payments easy, fast, and less costly.
As the crypto is growing its market with additional services, the network is strengthening its position in the market. Recently, the Stellar Development Foundation (SDF) announced that its users can now earn NFTs by solving difficult quests on its network. Furthermore, it has also collaborated with CYRISMA to help organizations eliminate security blind spots.
In addition, the Stellar Development Foundation launched a $30 million investment fund. It has also announced a partnership with MoneyGram and Techstars, which will require the recruitment of entrepreneurs to foster blockchain innovation through the collaboration of the founders and handle cross-border payments.
The most recent announcement from Denelle Dixon, CEO of Stellar, was that her company was still working with Ukraine on its Central Bank Digital Currency (CBDC) despite the ongoing armed conflict between Russia and Ukraine.
Will the XLM coin price reach 10 USD?
The crypto is an open network that acts as a bridge for financial institutions to share data through blockchain technology. The native token of the platform makes the whole process more cost-efficient and provides an efficient alternative platform to the existing payment transfer methods like PayPal. The network is continuously expanding its range of services as it has already entered into NFT and CBDC businesses. Given the platform’s goal to continue serving the people by providing financial services to unbanked areas, we can say the massive potential for its growth. The coin XLM may reach $1 shortly, but it may take more than a decade to get $10.
Stellar (XLM) coin price prediction 2022-2025
The following is the XLM coin price prediction for the next five years made by our analysts.
Stellar price prediction 2022
The crypto price is expected to reach a high of $0.30 in the short term, and a low of $0.26 in 2022, according to the short-term technical outlook. The average price for it for this year is assumed to be $0.28.
Stellar price prediction 2023
In 2023, analysts expect that the upward trend will continue to resume the next year. The price could reach the $0.33 level by the end of the year. However, the highest price for 2023 has been predicted as $0.34, whereas the lowest price has been anticipated at $0.28.
Stellar price prediction 2024
Our analysts are also bullish about the long-term price prediction for this crypto. In 2024, they predicted that XLM could reach $0.36 by the end of the year. Whereas the highest price level XLM could touch in 2024 could be $0.36, and the lowest level that XLM could touch is predicted to be $0.26.
Stellar price prediction 2025
According to our analysts, the long-term potential of this crypto is very bullish. They have projected that the coin might reach $0.45 by 2025. The highest level the XLM coin could get in 2025 is $0.55, and the lowest level the XLM coin could come in 2025 to $0.36.
Top 3 questions & answers about Stellar (XLM)
Will the Stellar (XLM) coin crash?
Recently, the coin has been moving sideways. The market is at the level where it can turn on either side. Furthermore, the market is experiencing the Russia and Ukraine war, which has increased the level of uncertainty associated with the market.
Will Stellar (XLM) increase rashly?
Analysts believe that the crypto’s long-term potential is highly bullish. However, the growth is expected to be steady rather than a rash spike in price.
Will Stellar (XLM) overtake BTC?
No, it is doubtful that it will soon overtake BTC as the leading crypto.