The current Stellar price today is $0.346473 with a 24-hour trading volume of $547,226,826. Stellar has been down 2.21 percent in the past 24 hours. The current CoinMarketCap ranking is #24, with a live market cap of $8,418,489,227 USD. It has a circulating supply of 24,297,692,586 XLM coins and a max. supply of 50,001,806,812 XLM coins.
Stellar (XLM) is one of the oldest cryptocurrencies around. In this Stellar lumen (XLM) price prediction, let`s take a closer look at Stellar price history, technical analysis, and Stellar price prediction for the upcoming years.
What is Stellar Lumens (XLM)?
Stellar blockchain technology was launched in 2014, making it one of the oldest cryptocurrencies that still has survived among the top 100 most significant coins: Jed McCaleb, the co-founder of Ripple and founder of MT. Gox, together with a lawyer, Joyce Kim, created this project as an alternative to Ripple.
With support from Stripe CEO Patrick Collison, the stellar network was launched with 100 billion stellar coins issued at first, after seed funding of $3 million was offered in return for 2 percent of the total XLM token supply from the blockchain startup.
Almost a year later, in January 2015, stellar cryptocurrency already had more than 3 million users, with a market cap just below $15 million.
The digital currency utilizes Stellar consensus protocol, which is their own custom-made version of blockchain. To run the XLM cryptocurrency network, a total of 66 validator nodes operate across the globe, with three nodes run by the Stellar Development Foundation itself. This means less decentralization while gaining increased speed and reduction in fees for cross-border payments.
Founder and CEO Denelle Dixon described this as a major step forward for Stellar since it successfully connects the blockchain and the real world. For the Stellar network and the wallets that are part of the Stellar network, this represents a monumental development; a U.S. pilot program to test this feature has since been announced by Stellar.
Although much has been made about bitcoin acceptance in the real world, this relationship, if further developed, represents a significant step forward in this regard.
Stellar network enables MoneyGram’s bankless payment method
The Stellar network’s connection with MoneyGram International, the world’s largest money transfer company, is becoming stronger by the day. A live cash-in and cash-out pilot in the United States has been disclosed by the firm in an official blog post.
A New Europe-Africa Payment Corridor Will Be Created With Stellar’s New Partner MoneyGram has formed a partnership with the Stellar Development Foundation after dissolving its engagement with Ripple after the SEC lawsuit against its leaders. Since January, the company’s business partners have made significant measures to enhance the company’s ability to process payments.
New MoneyGram initiatives have enabled them to implement “one of the fastest, most frictionless. transactions” possible, according to the company.
Cash-In Cash-Out pilot program by Stellar and MoneyGram
This is the first step in MoneyGram’s relationship with Stellar: a live cash-in and cash-out pilot in the US. Money may be deposited into digital wallets at any MoneyGram facility that is participating in the test experiment.
Therefore, various payment processors frequently use the Stellar platform worldwide, which has naturally led the Stellar lumens price to increase over time. You can buy Stellar Lumens at any exchange.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|XLM||$ 0.336767||$ 8.21 B||0.96%||24.32 B||$ 483.70 M|
Stellar Network & Signals
The Galaxy Score indicates how healthy a coin is by looking at combined performance indicators across markets and social engagement. Display the real-time Galaxy Score of any coin.
XLM price history and technical analysis
Stellar XLM market price has seen a substantial increase over the past years. Stellar spent most of 2018 and 2019 retracing from the previous all-time high of around $0.50.
Technical analysis gauges provide real-time ratings for the specified periods. The summary for XLM/USD is based on the most prominent technical indicators — Moving Averages, Oscillators, and Pivots. Results are given in the image below.
At the beginning of 2020, the market did eventually bottom out around the $0.03 mark, as seen on the price chart.
During 2020, Stellar price established both a significant swing higher high at $0.12 and a higher low at $0.07. In the middle of November, Stellar lumens price started rapidly pushing higher until the $0.23 mark was reached.
This spike pushed stellar forecast price for next year much higher as the market had finally shown signs of strong recovery.