![]() ![]() On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. But if you have a long term outlook in mind, things will only get better from here. So any adverse headlines can and will affect your holdings. financial authorities are preparing to take a more active role in regulating the cryptocurrency market. So even though there will be hiccups, the overall story remains strong.Īs I touched upon earlier, analysts focusing on the long-term outlook for XLM are bullish on its prospects. Institutional money is well established and truly a part of the crypto world. The “crypto crash” of 2017 is firmly in our rearview mirror. There is a contrarian view regarding when and where you should put in your money.Īt this point, it is better to have a long term perspective when it comes to these coins. But the current crypto crash has put a spanner in the works. Invest To Hold for a Long TimeĪfter a series of bearish years that defied the asset’s high profile partnerships, the outlook for XLM started to improve this year. ![]() However, Stellar has shown to double within a month, so it’s not out of the question XLM does not reach these predictions. Some might say these projections are a bit far fetched. TradingBeasts is also optimistic, predicting that Stellar could be worth $0.66 by the end of 2021. PrevisioniBitcoin predicts the altcoin to finish at $1.30 at the end of 2021 on account of mass adoption. Most are bullish in the long run.įor example, Captainaltcoin analysts believe that XLM coins could be worth $100+ by 2030. When you take a look at some of the analysts offering Stellar Lumens price predictions, you will see a pattern. In theory, this would have made it a lot more scalable than Bitcoin (CCC: BTC-USD), which is currently expected to reach its maximum supply around 2030. In addition, the total supply of XLM is set to increase by 1% every year. Ultimately, the foundation hopes to create a worldwide network, meaning anyone can make an international payment in their own currency and reach the recipient in theirs, without the fees and slow transaction times traditionally associated with cross-border payments.Įach Stellar transaction costs just 0.0001 XLM in fees and takes less than six seconds to process. The Stellar Development Foundation, which owns the cryptocurrency, says that the main purpose of the claims its primary aim is to offer financial freedom to those with restricted access to reliable institutions.įor much of the world, that activity is facilitated by Western Union (NYSE: WU), which in May reported first-quarter results that showed a rebound in cross-border activity, particularly in remittances, done digitally. On the other hand, Stellar is positioning itself as a digital solution for people who want to make everyday payments. Ripple makes it easier for banks to transfer money without having to worry about exchange rates and fees. Considering McCaleb previously founded Ripple, it is not surprising Stellar and Ripple are focused on facilitating cross-border payments.īut there is a key difference. Stellar’s main aim is to help financial institutions and individuals to create, send and trade digital representatives of all currencies. Stellar XLM is comprised of two key elements: its open-source, decentralized payment network, Stellar and, XLM, the native currency of the Stellar platform. Initially referred to as ‘The Secret Bitcoin Project’, XLM was created by Ripple co-founder Jed McCaleb. However, that seems a long time ago, considering the recent steep drop. At its peak, Stellar Lumens was in the top 10 of the biggest cryptocurrencies in the world. ![]()
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