As a platform that has been created to allow for the swift transfer of digital assets, Stellar has had a good track record and boasts of potential growth going forward. The XLM cryptocurrency currently stands at the 8th position in the market according to CoinMarketCap, with a market capitalization of about $7 billion.
For the uninitiated, Stellar Lumen was founded in early 2014 and is governed by a non-profit organization as an open source platform. Any crypto enthusiast will tell you that Stellar is a must-have coin on your portfolio and for a good reason, the cryptocurrency has been on the up and up with a gain of over %900 percent in the last year alone. At its current price around $0.40, Stellar XLM is without a doubt one of the most affordable coins on the top ten lists on CoinMarketCap.
But let’s face it, no matter the price of a coin, all an investor needs to know is whether there is a chance for significant gain either in the short or long term. Here are a couple of price predictions that you should know about.
2018 Stellar’s (XLM) price predictions
Although price prediction in the crypto world is a dime a dozen, there is something particularly special about what the predictions surrounding Stellar have to say. First of all, you need to know that Stellar and Ripple are pretty similar in their methodology.
Apart from the fact that they are built on Blockchain principles, they also have a similar target which is the large banks and financial institutions. By this reason, a good number of the prediction have compared Ripple’s price to Stellar with most saying that the price of XLM will soon hit the $1 mark.
In fact, stellar has made huge advancements with partnerships that include companies like IBM that have agreed to provide this Blockchain startup eight anchors for its Stellar network to boost efficiency. Keep in mind that IBM is already on track to build over 50 Blockchain applications.
With that being said here are some top predictions that will give you a deeper insight into where Stellar (XLM) is going.
Prediction from Altcoin Forecast
Altcoin forecast is a top firm for altcoins price predictions and predicts that Stellar’s price in relation to Bitcoin’s value will go as high as 0.00004744 BTC in the short term with a long-term prediction of 0.0002 BTC per XLM.
Predictions from EFA (Economic Forecast Agency)
If you are looking for metrics that count, then the EFA offers predictions backed by a sophisticated algorithm that is just right. This firm has a detailed report on Stellar’s price prediction estimated to hit the $1 mark in the next 4 years.
Predictions from WalletInvestor
If 4 years is not as exciting, then you might love what WalletInvestor has to say about Stellar’s price in the future. This firm carried out a market price analysis and concurs that Stellar’s price will grow in 2018. However, their analysis indicated that the $1 mark will be achieved by 2021 especially if the price ends at a value above the $0.5 mark by the end of the year.
To wrap up
Although currently there is a market price correcting that has seen most (if not all) altcoins (Stellar included) shed a few of the gains they have been making in the past few days, there is still hope for Stellar’s price to go up. Obviously, it’s always a good idea to “but the dip “in any market and if you ask any savvy investor, they will tell you that now is the right time to jump in.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Carl Jones via Flickr
The post What You Need to Know About Stellar (XLM) Price Prediction appeared first on Global Coin Report.