What Is Stellar Lumens (XLM)?
The American programmer Jed McCaleb and Joyce Kim launch the Stellar Network System in 2014. Stellar is an open-source blockchain network, its cryptocurrency called Lumen, which trades under the symbol XLM.
The Stellar network connects payment systems, banks, and people around the world to facilitate quick, easy, and cheap payments for different currencies.
Stellar is one of the oldest and best-performing altcoins. According to CoinMarketCap, Stellar has a market cap of $6.6 billion and is ranked 26th.
Where To Buy Stellar Lumens?
Stellar Lumens is a popular cryptocurrency that can be found on almost all cryptocurrency exchanges. Stellar is available on popular exchanges such as Binance, Coinbase, Kraken, Huobi, and Crypto.com.
We recommend you should only buy cryptocurrency from well-known cryptocurrency exchanges, buying cryptocurrency from any site can land you in a scam.
How To Buy Stellar Lumens?
Follow these easy steps and you’ll be able to buy Stellar Lumens:
Step 1: Choose a secure cryptocurrency exchange.
Step 2: Make an account on Cryptocurrency exchange.
Step 3: Verify your account on the crypto exchange by providing your information like name, date of birth, country of residence, phone number, etc.
Step 4: Add Fund to Your Account.
Step 5: Search for Stellar and make your purchase.
Step 6: (optional) Find the best crypto wallet to store your Stellar Lumens, although usually, most cryptocurrency exchanges hold your coins for you.
By following these steps you can buy any cryptocurrency, not just Stellar.
Past Performance Of Stellar Lumens
From 2014 to 2016, XLM did not performed well, the price of stellar was even less than its debut price by the end of 2016.
There was a better improvement in the price of stellar in the year 2017, the price of XLM was $0.002475 On the 1st of January, by 31st December the price reached $0.316713 that’s 12696.48% growth in a year.
Things were also good until the end of January 2018, the price was increasing rapidly in January, XLM hit its all-time high of $0.89 in this month, after hitting an all-time high the price came down and was $0.481748 by the end of January. After fluctuating a lot for a whole year, the price of XLM was $0.119022 at the end of 2018.
The price downward trend for XLM continued in 2019 after 2018, the price of XLM was $0.112588 on January 1st, 2019, the price went to $0.045504 by the end of the year 2019.
The price which went down in 2019, improved in 2020, the price increased to $0.131778 by the end of 2020.
At the beginning of the year 2021, the price of XLM was $0.136437, the price of XLM increased rapidly from February to May, during this time the price went as high to $0.739048, after hitting this price, the price went down, by the end of 2021 the price of XLM was $0.2684.
At the current time of writing i.e in March 2021, the XLM is trading between $0.2 and $0.15.
What Does the Market Say?
According to Wallet Investor, the price of XLM will be
$0.375 by 2022,
$0.587 by 2023,
$0.833 by 2024,
$1.068 by 2025 and
$1.297 by 2026.
Digital Coin predicts the price of XLM will be $0.46 by 2022,
$0.56 by 2023,
$0.64 by 2024,
$0.81 by 2025,
$0.94 by 2026,
$1.03 by 2027 and
$1.18 by 2028.
According to Gov.Capital, the best possible price of XLM can be
$0.30475 in 2022,
$0.5888 in 2023,
$0.99705 in 2024,
$1.5042 in 2025, and
$2.0126 in 2026.
Economy Watch says that the price of XLM could be $0.80 in 2022 and $1.20 in 2025.
Our Prediction About The Stellar Lumens
Stellar Lumens is a good coin that can grow over time, we predict that the price of XLM can be $0.45 by the mid of 2022, XLM can rise to $0.70 in the year 2023, and can trade between $0.73 to $0.85 in 2024.
The price of XLM can cross $1 in the year 2025. We will see XLM be valued at $1.5 by the year 2026.
FAQ About Stellar
Is Stellar Lumens a good Investment?
Stellar is good for investment, the cryptocurrency can grow over time and can give its investors good returns, but one thing everyone should remember when they’re investing in cryptocurrencies, cryptocurrencies are highly volatile, it is considered the riskiest for investment.
Now there is no indication that Stellar may go down but anything can happen in the crypto market so you should never invest money in cryptocurrency that you cannot afford to lose.
When Will Stellar Hit $1?
Stellar Lumens is good crypto and its price will increase over time, the price of Stellar can reach $1 by 2025.
Will stellar reach $10?
Stellar Lumens could reach $1 in the coming years but the $10 mark looks tough for the cryptocurrency, it may take more than a decade to reach $10.
How many stellar lumens are there?
According to the official website of stellar, stellar.org, there are currently 50 billion lumens, and no more will be created, out of 50 billion XLM, 20.7 billion are in circulating supply.
Does Stellar have a transaction fee?
0.00001 XLM is the transaction fee for Stellar, it is much cheaper than international transfers, they usually charge 1% of your payment.
What is the minimum Stellar wallet balance?
Each active Stellar account is required to have a minimum balance of 1 XLM, this amount is determined by the Stellar network.
[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]