Talking about Stellar price prediction for the rest of 2019 and for the year 2020 is an interesting topic. Before we get there, let’s first acknowledge how Stellar (XLM) is one of the most popular altcoins. The project was started in 2014 by Ripple co-founder and the founder of Mt Gox, Jed Mccaleb. Since then, Stellar keeps gaining popularity to its peak in Q4 2017 and Q1 2018. Stellar is one of the most successful cryptocurrencies when it comes to big name partnerships.
What is Stellar?
In short, Stellar is like Ripple’s XRP, but with several key differences. Both of them work similarly, with minimum account balance, almost feeless transactions, and similar technicalities. However, unlike XRP, which is deflationary, XLM is actually inflationary. Another key difference is that Stellar foundation’s main mission is to bank the unbanked. In other words, the Stellar foundation is a non-profit organization.
Meanwhile, Ripple (creator of XRP) is a for-profit organization where they sell a certain amount of their XRP holdings periodically to other entities.
The stellar network uses SCP for its consensus algorithm. Within the Stellar network, each transaction can be verified within seconds. Due to its speed, many people tout Stellar network as one of the fastest blockchains in the world, competing with the likes of Ripple and NANO. Also, Stellar is seen as one of the most promising blockchain projects due to its partnership with IBM as you can see from the IBM Blockchain World Wire project.
The idea of IBM Blockchain World Wire is that central banks will use CBDC (Central Bank Digital Currency) on the top of Stellar blockchain for cross-border transactions. Just like Ripple’s xRapid, IBM and Stellar partnership aim to replace the already-outdated SWIFT system.
The Situation of XLM On The Crypto Market Today
At the time of this post writing, XLM is trading at ~$0.062041. XLM is still one of the top 10 altcoins by market cap on CMC (CoinMarketCap.com). Once part of the top 5 alts, XLM fell out of the crypto top rankings, but it looks like it’s still holding its top 10 positions really well. As for its trading volume, XLM has ~$73 million worth of daily trading volume.
As for XLM position and availability on the crypto exchanges, you can find XLM on most top crypto exchanges including Binance, Huobi, Bitmax, OceanEx, ZB.com, and many others. You can also use our non-custodial service Switchain.com if you want to trade another crypto to XLM.
Stellar (XLM) Price Prediction For The Rest Of 2019 And For 2020
XLM has not been doing well in 2019. Early January 2019 XLM was trading at ~$0.1138, and now it is trading at ~$0.062041. While many other top altcoins are still rising against early 2019’s price, but XLM has suffered heavy ‘defeat’ against BTC and other top altcoins. XLM is fundamentally strong with its IBM partnership, but it seems most big crypto traders don’t really pay attention to these fundamentals and prefer to trade with trading robots.
Thus, relying just based on technical analysis, it seems a bit hard for XLM to regain its place in the top 5 crypto rankings unless there’s a big news coming from Stellar foundation or IBM Blockchain World Wire. However, if altseason starts, and if BTC can break $15,000, it’s quite possible XLM can double its current value. The real question is, when will we have that altseason we all crave so much?
XLM is a good coin to invest in the long-term due to its working network and its big partnership with IBM. While the price is really under pressure right now but it’s not a bad idea to invest in XLM right now. However, don’t invest what you cannot afford to lose, especially at the time of Bitcoin market dominance like this year.
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