(XLM) Stellar Price Prediction & Forecast
[Updated 20 November 2018]
Thinking of investing in Stellar Lumens (XLM) in November 2018? Here are our honest price prediction and forecast.
- Fundamental Analysis
- Technical Analysis
- Specialists’ Perspective
- Stellar Price Prediction 2018
- Our Prediction
Stellar is an open platform for building financial products that connect banks, payments systems, and people around the world. The network’s native asset, the lumen (XLM), is a unit of digital currency — not unlike bitcoin (BTC) — that facilitates the transfer of money around the world and allows for transactions between different currencies quickly and securely.
Stellar (XLM) has held strong relative to other altcoins throughout 2018’s bear market, thanks to various developments behind the scenes.
Lightyear Corporation recently acquired Chain, Inc and rebranded into the singular entity Interstellar. StellarX, “the first full-featured trading app for Stellar’s universal marketplace,” is also in its beta stage and shows immense potential. Most recently, Goldman Sachs-backed Circle added Stellar (XLM) to its cryptocurrency trading app — solidifying the altcoin as a major market player.
Because of these developments and the altcoin’s price history, we at BeInCrypto expect to push to levels near $1.00 in 2019 — a roughly 4x increase from its current valuation.Stellar Lumens $XLM is expected to push to levels near $1.00 in 2019 — a roughly 4x increase from its current valuation. Click To Tweet
From a fundamental perspective, there is little not to like about Stellar (XLM).
The project’s website offers plenty of resources when it comes to references and community-maintained SDKs. There is also a healthy library of guides on how to use Stellar and quality software backing the project.
The team behind Stellar is also robust and includes the likes of Jed McCaleb, who created file-sharing platform eDonkey2000, the first bitcoin exchange, Mt. Gox, and Ripple. It also maintains a blog, is active on social media and in the cryptocurrency community.
There are a plethora of wallets to choose from, so desktop, mobile, and web users are all properly served when it comes to storing and transacting lumens.
From a macro perspective, it is clear that Stellar lumens really took off in Q4 2017 — along with the rest of the cryptocurrency market. Unlike its competitors, however, Stellar managed to hold a respectable amount of its valuation when the bubble popped and the bear market commenced.
While it’s possible Stellar could lose more value against Bitcoin (BTC), it is unlikely to crash severely against fiat currencies like the USD — hence why we are taking a bullish stance on the price of Stellar for 2019.
Popular cryptocurrency price prediction website Wallet Investor currently believes Stellar will hit $0.45 in one year. However, it should be noted that Wallet Investor uses AI and machine-learning to make its predictions, which often vary wildly over three month periods.
Investing Haven is super bullish, currently predicting that Stellar will reach levels of $4.00 by the end of this year. Obviously, this is not going to happen — barring an absurd parabolic bull run — and should not be taken seriously at this time.
Appropriately named MegaCryptoPrice is also mega bullish, predicting a price of $5.10 for XLM in one year’s time.
Long Forecast, on the other hand, doesn’t predict much of an increase for Stellar at all — predicting a high of $0.30 in 2019.
We interviewed the most relevant influencers and asked them for their opinions on Stellar and its outlook for 2019. All three shared a positive outlook. Here’s what they had to say:
“I believe Stellar Lumens will be trading on Coinbase, NASDAQ, Bakkt and Robinhood — all within 12 months. Therefore, my price target for Stellar Lumens is $5-$10.”
“Stellar lumens is one of the most interesting projects in crypto today, and with Jed McCaleb leaving Ripple to head XLM, there’s a lot left to be seen. If you pay attention to Stellar’s charts, it’s one of the few that have held its value in 2018 — and I believe it is thanks to their business development behind the scenes. I’ve seen many projects abandoning ETH all together to develop on Lumens. 2019 will be a very critical year for the Stellar foundation.”
“I predict Stellar (XLM) will reach $2.00 by December 2019.”
Stellar Price Prediction 2018
Things have been going downhill for the entire cryptocurrency market in 2018, which has been one of the worst bear markets in the history of Bitcoin (BTC) and cryptocurrency. That said, Stellar (XLM) has performed remarkably well.
When trading against BTC, XLM has had its ups and downs but has managed to consistently hang out in high levels. Because of its price history throughout 2018, we see no reason why XLM should experience any sort of major crash. In fact, it should continue to outperform many of the major altcoins in the market today.
While it is unlikely that any altcoin will shoot the moon this year — especially when Bitcoin (BTC) is still in the control of sellers — Stellar may be best poised to breakthrough historic resistance and explore new heights against the first and foremost cryptocurrency.
Trading against USD tells a similar story.
Stellar has historically shown support below the $0.20 range, and we see little reason for it to collapse to lower valuations. If and when the next bull run commences, Stellar should enjoy a nice increase in USD valuation — though nothing is guaranteed and no one has a crystal ball.
If you’re looking for a major altcoin with the potential to see significant gains in 2019, Stellar (XLM) may be a good choice.
With strong fundamentals backing the project and the technical side of things looking solid, there appears to be very little downside risk when it comes to investing in Stellar (XLM) for the long term.
We at BeInCrypto believe the price of one lumen could potentially reach $1.20 in 2019, while it is unlikely the cryptocurrency will crash to levels significantly lower than its current valuation.
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Nevertheless, investors should always do their own research and tread lightly before investing in cryptocurrency. The market is notoriously volatile, and anyone investing in Stellar should be prepared to lose their entire investment.
What do you think of our price prediction for Stellar (XLM) in 2019? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock, CoinMarketCap, TradingView.
[Disclaimer: The contents of this article are not intended as financial advice, and should not be taken as such. BeInCrypto and the author are not responsible for any financial gains or losses made after reading this article. Readers are always encouraged to do their own research before investing in cryptocurrency, as the market is particularly volatile.]