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Probably every person who has visited crypto market knows about Stellar Lumens platform. Sure thing, as this cryptographic currency masterfully holds the position in the top 10 by the market capitalization according to Coinmarketcap. Shocks and adversities didn’t get the coin out of the survivor’s cohort, although the price does not always please investors.

Well, is it a good investment? Should you buy it now? If you wanna find answers to these questions, read this op-ed. Our forecast should help you dot l’s and cross T’s.

What is Stellar?

Stellar is a decentralized platform with own cryptographic currency called XLM (Stellar Lumens). It is aimed to be an intermediate between the current financial world and non-centralized cryptocurrencies. The system is intended for fiat-crypto transfers, which makes it possible to perform cross-border transactions between any currency pair.

The platform has a unique Stellar Consensus Protocol (SCP), which is different from proof-of-work, proof-of-stake and other types of protocols. It allows for reaching consensus without using a closed system to record transactions and without unanimous consent (to solve scalability issue).

XLM Coin, Stellar Price Today

The main function of this virtual asset is ensuring settlements between users. According to the official website of the project, lumen (xlm) is a digital currency unit, like bitcoin. These coins provide the movement of money worldwide, fast and secure transactions, including exchange ones, between different currencies (crypto and fiat).

The coin showed startling growth in winter 2017-2018 surging from 0,03 in November 2017 to $0.93 in January 2018. The coin seemed more stable than most competitors. But eventually, it fell by 80% from ATH, which, given the bearish trend of 2018, corresponds to an average altcoin.

Like Bitcoin, Stellar coin is not very volatile now. And it seems to be more stable that many cryptos out of top 10 by market cap. Sometimes (when the market shows signs of life) XLM is pumped.

See the ticker below to know Stellar price today.

Where can you buy XLM? This coin is distinguishable and popular, so it has been listed at many exchanges:

• Binance;
• HitBTC;
• Kraken;
• Huobi;
• Bitfinex;
• Gate.io;
• Kucoin;
• Stellarport;
• OKEx;
• GDAC;
• Kryptono;
• CoinTiger;
• Exmo, etc.

Finding a trading platform which supports XLM is like shooting fish in a barrel.

News, Events, and Announcements

As a leading blockchain platform designed to facilitate cross-border payments and digital asset exchanges, Stellar aims to connect financial institutions and individuals worldwide. In this article, we will explore the latest news surrounding Stellar (XLM) for 2022-2023, as well as highlight some upcoming events that are expected to further propel this promising cryptocurrency.

Major Developments in 2022-2023

1. Stellar and Central Bank Digital Currencies (CBDCs)

Stellar has been actively involved in the development and implementation of Central Bank Digital Currencies (CBDCs). In 2022, the Stellar Development Foundation (SDF) announced partnerships with several central banks worldwide to explore the potential of CBDCs on the Stellar network. These collaborations are expected to position Stellar as a frontrunner in the CBDC space, further solidifying its reputation as a secure and scalable platform.

2. Expansion of the Stellar Ecosystem

Throughout 2022, the Stellar ecosystem experienced significant growth, with more companies and projects building on the network. One notable project is Tala, a mobile technology and data science company providing credit services in emerging markets. Tala partnered with Stellar to launch a digital wallet, allowing users to access various financial services. This partnership showcases Stellar’s commitment to promoting financial inclusion and expanding its reach in unbanked and underbanked populations.

3. Stellar’s Strategic Partnership with MoneyGram

In 2022, Stellar announced a strategic partnership with MoneyGram, one of the world’s largest money transfer companies. This collaboration aims to streamline cross-border payments, reduce transaction costs, and enhance the overall efficiency of remittance services. By leveraging Stellar’s blockchain technology, MoneyGram is expected to improve its services in more than 200 countries and territories, providing faster and more affordable transactions for its customers.

4. Stellar Community Fund

The Stellar Community Fund (SCF) continued to support innovative projects and initiatives within the Stellar ecosystem throughout 2022 and 2023. The SCF provides funding for projects that contribute to the growth and adoption of the Stellar network, including developer tools, applications, and educational resources. By fostering a supportive and collaborative environment, the SCF has helped to accelerate the development of the Stellar ecosystem and spur the creation of innovative solutions.

Upcoming Events and Milestones

1. Stellar Meridian 2023

The Stellar Development Foundation is set to host its annual Meridian conference in 2023. This highly anticipated event will bring together industry experts, developers, and enthusiasts to discuss the latest trends, developments, and future plans for the Stellar network. Attendees can expect insightful panel discussions, keynote presentations, and networking opportunities, all aimed at fostering innovation and collaboration within the Stellar community.

2. Increased Focus on Decentralized Finance (DeFi)

As the DeFi space continues to evolve, Stellar plans to further expand its footprint in this burgeoning sector. The Stellar network’s features, such as its built-in decentralized exchange (DEX), make it a prime candidate for DeFi projects and applications. In 2023, the Stellar Development Foundation is expected to focus on attracting more DeFi initiatives to its platform by providing support, funding, and technical assistance. This effort aims to unlock new use cases and increase the adoption of Stellar’s blockchain technology within the DeFi ecosystem.

3. Protocol Upgrades and Improvements

Stellar is committed to continually improving its network performance, security, and scalability. In 2023, the Stellar Development Foundation plans to introduce several protocol upgrades aimed at enhancing the network’s overall functionality. These improvements will focus on optimizing transaction processing times, bolstering network security, and providing a more seamless user experience for those interacting with the Stellar blockchain.

4. Integration with More Financial Institutions

To further expand its reach and increase adoption, Stellar is working on integrating its network with more financial institutions and service providers worldwide. These partnerships will enable the platform to offer better remittance services, cross-border payments, and digital asset exchanges, providing a more robust and efficient financial ecosystem for users around the globe.

Overview of The Popular Predictions

1. Optimistic Predictions: Some analysts and social media users were quite bullish on XLM, projecting that its price could reach $1 to $2 within the next few years. These predictions were often based on factors such as the increasing adoption of the Stellar network, its strong partnerships, and the overall growth of the cryptocurrency market.
2. Moderate Predictions: There were moderate predictions suggesting that Stellar’s price could gradually grow, reaching around $0.50 to $0.80 in the next few years. These predictions often considered the network’s growth, adoption rate, and potential regulatory challenges, as well as the performance of the overall cryptocurrency market.
3. Conservative Predictions: Some analysts and social media users were more cautious in their predictions, expecting a more modest growth for XLM or even a sideways movement. These conservative predictions often considered the risks and uncertainties surrounding the cryptocurrency market, potential regulatory issues, and the competition among blockchain projects.

Stellar (XLM) Price Prediction 2023

We are Stellar believers however we’ll try to impartially analyze the factors that may affect the price of this flagship cryptocurrency within next 12 months.

Positive factors that might affect the crypto’s price are as follows:

• According to the XLM graph, the coin is now somewhere at the bottom. It is unlikely that it will fall deeply or fall ever from this value.
• Stellar is a well-known platform and is a recognizable brand. Although it cannot be compared with such behemoths as Bitcoin or Ripple it holds good positions in the market and crypto community.
• The platform is in demand. There are many projects built on Stellar, in particular, SatoshiPay (a payment widget for the web), Blockbook (a system for creating avatars for Stellar users’ addresses), BlockEQ (a decentralized exchange), WeBuy (an on-demand advertising platform) and many others. On this website, you can find the catalog of the projects.
• The project has a powerful team, which consists of Jed McCaleb (a former Ripple developer), David Mazières (a professor of Computer Science at Stanford University), and other experienced people.
• Foretelling websites like Walletinvestor give it positive predictions. They also influence people’s opinions and their decision on whether to buy or not to buy this coin.
• Last but not least, the platform has received a certificate of compliance with Sharia Law. No other coin has gained such an adoption in Islamic states. This may contribute to the popularity of the crypto amongst Muslim people.
• Good trading volumes in pairs with this coin are observed.

To be more objective, we should analyze some factors that, in our opinion, may slow down Stellar Lumen’s growth. They’re as follows:

• According to research by Kevin Rooke, Stellar had only 676 daily active addresses as of beginning of September 2018. The crypto was placed on 24^th place in Kevin’s list of cryptocurrencies that had more than 400 users in a 24-hour period. You can agree that it is not much. Even such less-known and less capitalized coins as Decred and PIVX featured more daily users.
• If the market does not break the bearish trend, this cryptocurrency will follow it. Judging by the historical retrospective, it does not have enough power to counter the market.
• That’s it! As noted by one Reddit users (icomaker) in the discussion about Stellar disadvantages, “nothing comes to mind”.

Despite potentially negative factors described above, Stellar Lumens long-term price may be surprising (in good sense).

We consider 2019 to be the most market dependent in terms of Stellar pricing. We do not detract from the merits of the project based on slippery bear story. By 2020 all the technical plans will be implemented, the marketing program will be adjusted, and the market would become warmer. Therefore, in 2020, we expect good growth, which would outperform the market average.

Find our short-term and long-term price forecast below.

Disclaimer. This forecast is just our opinion on the coin’s future. Please don’t treat it as exact investment advice. Be sure to conduct your own analysis before purchasing any cryptocurrency on the highly volatile market. The table shows only approximate values that might be possible during specified time periods, so pay more attention to the abovementioned factors.