There are more than 8,000 different cryptocurrencies live on the internet today. Stellar Lumens Price Predication for There are more and more popping up daily since launching a token is relatively easy to do.
And while most cryptocurrencies tend to be worthless in the end, there are hundreds of reputable coins and tokens that are worth investing in. Stellar Lumens Price Predication for While most newbies to the space are stuck buying bitcoin and Ethereum, many experienced investors know that other altcoins, like Stellar Lumens, are a worthy place to park some of your money.
Wondering what the Stellar Lumens price is doing right now and where it’s expected to go in the coming year? Read on below for our Stellar Lumens price forecast and the benefits you’ll get when holding onto this coin.
What Is Stellar Lumens?
Stellar Lumens is one of the original cryptocurrencies, having launched way back in 2014 before crypto was cool or popular.
Stellar is an independent blockchain network running its own decentralized ledger. It features its own token, the Lumen (XLM).
The network and the token are designed to make payments between users, banks, and across international borders as fast, easy, and cheap as possible. In fact, solving the issue of remittances, payments sent back to family members in developing nations is one of the main goals of the project.
Remittances are extremely inefficient and expensive. But thanks to the blockchain, money, in the form of XLM, can be sent anywhere. Stellar has even patterned with TransferTO, a cross-border payment provider serving more than 70 nations.
Even if you don’t need to send money across borders, XLM is a cheap way to move crypto around between your own various wallets and crypto exchange accounts, with transaction fees for fractions of cents.
The project was originally backed by investments and donations from reputable companies like Stripe and Google.
Stellar Lumens Price History
XLM launched in 2014 with an initial supply of 100 billion. Half of these coins were burned in 2019, reducing the supply to about 50 billion. Today, there are roughly 24 billion coins in circulation.
So how much does Stellar Lumens cost? At the end of December 2021, Stellar was ranked 27 by total market cap, with a value of $6.7 billion. At the time of writing, you can buy Stellar Lumens for around $0.27.
According to data from CoinMarketCap, the price of Stellar is up 113% over the course of 2021.
Predictions for Stellar Lumens 2022
So what about the stellar lumens price prediction for 2022 and the future of the project as a whole?
In the past, Stellar had reached an all-time high of $0.93. It’s expected to touch this point again in 2022, even if the high doesn’t stick for long. We should see a consistent price of around $0.50.
In the next five years, we can expect the price of Stellar to reach a stable point of around $0.90.
Holding XLM for the Win
In the past few years, the Stellar Lumens price has been everywhere. It has had its fair share of drops and spikes. But it currently has a healthy price of around $0.27.
Holding onto this coin is a great idea for the medium and long-term investor. And its especially useful if you need to move money and crypto between various accounts and are looking for ways to cut transaction fees.
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