After several UPs and DOWNs of the cryptocurrency market at the end of 2017, we see now a more stable and rising market. So it’s time for a Stellar Lumens (XLM) price prediction for 2018.
What is Stellar
Stellar is a distributed, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. At first, the cryptocurrency was known as Stellars, but the name was changed to Lumens in 2015.
It was made by Jed McCaleb who had been, before this, among Ripple’s co-founders. McCaleb left Ripple to pursue another vision, which was a blockchain network which was more versatile.
Initially, Stellars were based on pretty much the identical blockchain as Ripple, but the machine didn’t work well. Sooner or later, it crashed the system, so the company produced a different technology.
The Stellar Network is much larger than just the Foundation. It includes financial institutions, payment aggregators, and technical specialists all committed to supporting a new and inclusive global infrastructure for payments.
There are several big companies that joined forces with Stellar. Just to name a few: IBM, Deloitte, Stripe, ICI Bank etc. You have the full list here.
More about the technology
Stellar allows you to freely send money across borders without the hassle of formal banking procedures or currency exchange. This multi-currency exchange process is pretty ingenious, and it offers users a flexible approach to easily swap currencies on an international scale.
Stellar Lumens transactions are also listed on a distributed ledger. But, unlike other cryptocurrencies that require miners to keep up the ledger, Lumens uses another technology – Stellar Consensus Protocol. This new technology is based on a consensus algorithm rather than mining and was the first protected construction of a federated governmental arrangement (FBA).
The system uses less electricity to confirm transactions, while at exactly the exact same time being faster. The business prides itself in the ability to process transactions within 2 – 5 minutes, which is faster compared to additional cryptocurrencies.
The intention of this company was to make a totally decentralized blockchain which wouldn’t require intermediaries like exchanges. Within the Stellar network, you may make your own digital token that’s appreciated in whatever cryptocurrency or perhaps fiat currency.
Stellar (XML) Price Prediction for 2018
The company was focused on improving banking services from the developing world, together with the effort put in Nigeria, India, Philippines and other African nations.
The projects in these regions have already been successful, demonstrating that Stellar Lumens can really function well. Its purpose was to facilitate cross-border obligations, allowing the exchange of fiat currencies.
Lately, however, it has seen very rapid growth on the back of partnerships with some major corporations. IBM already has its own blockchain platforms, but they also partnered with Stellar Lumens to improve payment processing.
Other financial institutions such as Barclays and Deloitte also use Stellar Lumens to be able to reduce the expense of transactions. In the last two weeks, the value of Lumens has risen from $0.04 to the present $0.16, about a 300% profit.
The foundation indicated that they were meeting with Coinone officials, which could mean that Stellar Lumens would be listed there. Coinone is the largest crypto exchange in South Korea, which is also the top crypto consumer.
A listing at Coinone would certainly increase its value because now it is only available on several big exchanges like Kraken, Poloinex, and Bittrex. Besides, the purpose of Stellar Lumens may make it the preferred cryptocurrency for ICOs, since investors will be able to convert and transfer funds easily.
This being said, I expect the price of Stellar Lumens (XLM) to rise in the coming months and I see this crypto coin in top 8 by the end of 2018.
After a probable slide after New Year’s, we’ll be likely headed to another outburst making the crypto markets reach the trillion-dollar capitalization. At the turn of Spring, we might already be seeing Stellar Lumens (XLM) as token equivalent to the dollar. This would represent 1000% gains in yet another 4-month cycle.
XLM at $2 – $3 per coin is not impossible by December 2018.
This is our XLM price prediction for 2018.
How to buy Stellar Lumens
As we predicted, there is a good chance that Stellar Lumens price will increase over the time and there are several ways you could profit from that.
On the Stellar.org website, you may see a list of wallets that work with XLM they offer to the public.
If you’d like to purchase XLM to keep or to use it online you should use a reputable exchanger. Check CoinMarketCap for an up to date list with the most notable exchangers that work with Stellar Lumens. Just to name a few: Bittrex, Poloniex, Binance, Kraken.
After you get your Lumens, make sure you store it safely and watch the price evolution and sell it for cash or another cryptocurrency when you’re happy with the profit.
If Ripple was built for financial institutions and banking giants, then Stellar Lumens goes to work for the common man. It has the potential to revamp how we process peer-to-peer transactions on a global scale.
Its versatility and use cases make it function like a Swiss clock. With Stellar, you can handle micro-payments with nominal fees, send remittances without fretting over currency exchange or bank transfers, and settle payments in real time (2-5 seconds).
In conclusion, Stellar Lumens (XLM) is showing plenty of promise. We will keep an eye on stellar news. Regardless, similar to other digital coins, its price has been experiencing some volatility, though nothing compared to what Bitcoin has been going through lately. XLM at $2 – $3 per coin is not impossible by December 2018.