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Stellar Lumens (XLM) Price Prediction 2022 — Experts Take And Bullish Long term Projections

· in Analysis
Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology. https://twitter.com/basil_kimathi
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(Updated May 21, 2022) Stellar is an open-source blockchain platform that connects payment systems, banks and the people. It’s designed to move money quickly, reliably and at meager fees. Launched in 2014, the usability of Stellar has seen it rise the crypto charts rapidly.

Stellar XLM price hasn’t been performing that well over the past few days, however the recent update of the stellar blockchain stellar-core v11.4.0., promises to bring about the much-needed growth of XLM price. Nonetheless, 2018 was a very good year in terms of fundamentals with network activity and partnerships growing and playing an important role in the development of this digital asset.

Stellar Lumens Price Predictions

Traders, experts, and even our technical analysis indicate that we have a reason to stay optimistic about the price of XLM. In this piece, we are going to take a look at some of the reasons that could push the price of XLM and other altcoins higher as we move closer to the final quarter of the year. XLM price is currently occupying the 14th position on the coin charts with a market cap of just over $1.5 billion.

Back at the end of 2019, the Stellar Foundation reduced XLM’s supply by 50%, which pushed XLM price 20% higher. Despite Stellar burning half of its supply, it has received a lot of criticism from other analysts, experts and figures in the crypto market.

The Stellar Foundation is also working with non-profits providing funding for their projects and promoting the usage of virtual currencies.

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Experts’ XLM Price Predictions 2019, 2020, 2021, 2022

There has been good news for all Stellar (XLM) holders, as experts predict a bright future for the coin. Below are expert opinions on why Stellar Lumens’ price will surge shortly.

A panel of professionals from the cryptocurrency sector, including CEOs, and the famous bitcoin developer, Jimmy Song, predicted massive gains for Stellar Lumen’s price. The panel stated that XLM could rise by as much as 260% from its current price, by the end of 2019. All panel members expressed high hopes for the coin’s price in the coming months.

WalletInvestor expects XLM price to rise to $0.2 before dropping to $0.01 by the end of the year. However, the price is expected to grow again to $0.2, and over the next two years, the price of XLM price will range between $0.01 – $0.02.

TradingBeasts predicts that XLM price will maintain a price of $0.06 until 2021. But, by May 2021, it will start to rise to reach $0.11 by the end of 2022.

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Other factors driving XLM price include;

Creation of Interstellar

In another case that highlights the growing usability of the stellar network, Chain, a blockchain startup was recently acquired by Lightyear, the for-profit branch of the Stellar Development Foundation. The acquisition led to the creation of a new entity called Interstellar.

Since being founded in 2014, Chain has managed to raise over $40 million in private capital. It has also worked with companies such as Visa, Nasdaq, and Citigroup. The startup describes itself as a cryptographic ledger system that makes financial services smarter, more connected and more secure.

Interstellar will be headed by Adam Ludwin, the former RRE Ventures partner and founder of Chain. He will serve as the new project’s CEO while Jed McCaleb, Stellar and Ripple Cofounder will serve as the CTO of the project.

Commenting on the acquisition of Chain by Stellar, Ludwin said:

“All of the clients that we have now have effectively shifted from using a traditional database model to using a tokens model, issuing assets on a local environment. By partnering with Stellar, you can fire an asset to another institution.”

Now, it seems Chain’s push for enterprise blockchain adoption is the reason why Stellar saw it fit to acquire the company. In a statement McCaleb said:

“Chain’s team has led the market for enterprise adoption of blockchain technology. It’s a critical component of building a future where money and digital assets move over open protocols.”

Stellar has a large number of projects and initiatives. This is because this is a project that continues to expand and attract investors from all over the world.

IBM’s Launch Of A Stellar Backed Blockchain World Wire Payments System

The good news keeps coming the Stellar way, and the recent adoption of the network by IBM promises to boost the fortunes of XLM price. In September, International Business Machines Corp. announced it was launching the Blockchain World Wire, a blockchain-based payment system that is backed by the Stellar protocol.

The platform promises to revolutionize cross-border payments according to IBM. It will operate similarly as Ripple’s blockchain settlement systems which use XRP to transfer large amounts of money across borders with little to no fess.

When the platform starts to operate officially, it will facilitate instant clearing and settlement of all transactions through the Stellar blockchain network.

IBM describes the new product as:

“IBM Blockchain World Wire, the new financial rail that can simultaneously clear and settle cross-border payments in near real-time. Integrating with your existing payment systems, you can replace costly opacity with affordable transparency – and that can bring greater financial opportunity to all.”

In addition to the work with IBM, It is also being rumoured that Fidelity may opt for the XLM blockchain in moving digital assets across its platforms. Although not confirmed, it must be said that many financial market price moves are defined by rumours.

If such a move came to pass, it would boost XLM price significantly, potentially even to the $1 level.

Addition On BitGo

At the start of October, BitGo, one of the leading crypto startups that offers custodian solutions announced that it was adding XLM and Dash on its list of cryptocurrencies. Customers can now generate wallets for both starting this month.

BitGo is one of the world’s most secure wallet providers. The new additions make it exciting for investors of both cryptocurrencies.

Mike Belshe, the CEO and founder of BitGo, said that the additions were due to their unique features that offer some advancements, especially around payments.

He adds that Stellar was a clear pick for the Startup as it narrowly focuses on providing global payments for more consumers. It’s something that differentiates it from Bitcoin. Unlike BTC which acts as a store of value, XLM focuses on transactions.

In addition to BitGO, positive exchange-based news came in the listing of the XLM token on the Hong-Kong based Coinsuper exchange.

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Stellar price in 2020 and 2021

We also need to analyse Stellar’s price in recent years. We know that 2020 was a negative year in many aspects for digital assets, including XLM. However, it did behave better than other digital currencies in the world. This cryptocurrency was able to recover faster than others in 2020, which was very positive for this digital asset. 

In 2021, things have changed for the entire market and XLM has been one of the most benefited digital assets during this bull trend. We see that XLM moved higher in 5 impulse movements that allowed the virtual currency to reach $0.07 per coin in mid-2021. 

Despite the fact that this did not allow Stellar to reach a new all-time high, it was very positive for it. Indeed, it made it possible for this cryptocurrency to leave a bear trend and an accumulation period behind. 

We also see that the coin has also established support in different regions and this could help the virtual currency maintain its price in the coming months and weeks. However, there are many things to take into consideration when it comes to Stellar. 

There must be a push from the Stellar Foundation in order for this virtual currency to become adopted around the world. If not, this coin might not be able to deal with future challenges. There are many other projects that are attracting a large number of investors and this could be negative for Stellar in the coming years.

Stellar Lumens XLM Price Prediction TradingView Analysis Updated May 21, 2022

 

#Stellar Lumens surge 30%, Resistance at $0.16 by Bitcoin_Analyzer on TradingView.com

This analyst shows that XLM has risen by close to 30% from last week. This shows that there is strong buying pressure for XLM despite the current bear market that the crypto industry is experiencing. The analyst says, however, that the coin remains under pressure and within a bear breakout formation below the lows of the first quarter of 2022. 

According to this expert, despite the current confidence in this virtual currency, sellers have “the upper hand” as long as prices stay below 0.16 USDT. Let’s not forget that at the time of writing XLM is being traded at close to 0.1354 USDT per coin. Now, the next resistance level to watch according to this analyst is 0.16 USDT per coin. The support level that we should also pay close attention to if the market continues to move lower is 0.12 USDT. Understanding Bitcoin’s trend would also be an important thing to do.

XLM could climb to 1.2 USDT in the long term – Sofi12z by Sofi12z on TradingView.com

As shown by this expert, XLM has been in a descending wedge for several months now. More precisely, this descending wedge started back in mid-2021, showing that there has been strong selling pressure for this virtual currency. Let’s not forget that the whole cryptocurrency market has been in a bear trend in recent months and since the end of 2017, this could be one of the reasons why XLM has also been falling. 

Another thing to take into consideration is that if the digital currency continues to move lower, there is strong support at 0.1262 USDT that could help XLM sustain its value in the coming weeks and months. Now, if the market starts moving higher, we could see XLM reaching 0.2419 USDT and 0.4184 USDT in the future. Nevertheless, it would be very important to see what happens with the entire cryptocurrency market.

XLM long idea by CoffeeTherapy on TradingView.com

For this cryptocurrency, the analyst considers that there is a good possibility for it to rise and move higher in the near future. This is despite the fact that the coin hasn’t been in an SL hunt yet. As he explains, there has also been a squeeze in the price between support and resistance. Now, if there is a break upwards, then, the expert considers that we could see a move even higher towards the take profit 1 and 2 that have been drawn in the chart. These TP are currently at 0.2118 USDT and 0.2159 USDT. 

The support level that we should pay close attention to is currently standing at 0.1863 USDT per coin. This could be very important if the market starts moving lower in the near future. Bitcoin has fallen below $40,000 and this could push the market even lower, including XLM.

XLM is gonna reach 0.34$ one way or another! by TheTreeTrader on TradingView.com

Stellar (XLM) continues to be a very attractive virtual currency. We see that in recent months, it has had a very positive trend that started in early March. This trend continues until today. However, there are some challenges that XLM should face in the near future. The first thing to mention is that there is a strong resistance level at 0.24 USDT per coin. This is the neck of a possible inverse head and shoulders pattern. 

The second thing that we should consider about XLM, is that if we are in a H&S pattern, then the coin could retrace in the coming weeks towards 0.19 USDT per coin. This would allow the virtual currency to start moving higher and hit an eventual target of 0.34 USDT in the future. That being said, Bitcoin will have a strong impact on XLM and other digital assets.

XLM analysis by santana2331 on TradingView.com

For the XLM/USDT trading pair, we see that this analyst has shared different support and resistance levels that could give us valuable information about the direction of the market in the coming days and weeks. These support and resistance levels are the following. 0.2276 USDT and 0.2522 USDT have been drawn as resistance levels.

Meanwhile, 0.2043 USDT and 0.1824 USDT are currently considered support levels. Finally, there is another important support level at 0.1617 USDT per coin. Therefore, we need to follow XLM and see how it would behave close to these price levels. Let’s not forget that Bitcoin and cryptocurrencies have been moving higher over the last few days and that there could be a correction in the coming days. 

Everything will depend on how Bitcoin haves and which is the market direction.

Learn More

Want to learn more about Stellar XLM? Read our Beginner’s Guide to XLM, complete with a history of the project and fundamentals of how the coin provides value. A search for Stellar on our site will bring up the latest XLM articles like Weiss Ratings giving Stellar XLM a “buy” rating.

If you’re interested in buying Stellar, you can learn how to buy XLM on Binance, our suggested exchange for new cryptocurrency investors.