Stellar Lumens is one of the most successful cryptocurrencies in the top ten list. The digital currency has experienced tremendous progress in the first quarter. It is closely compared to XRP in terms of because both platforms are focusing on banks, people and projects to ensure mass adoption. The price of Stellar Lumens has also seen increase in value at the start of the second quarter. The Stellar Lumens price prediction is also quite bullish for the year. Is it a good long term investment?
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens Price Prediction – Stellar Lumens forecast
What can you expect from the price of Stellar Lumens in the short term? The price of Stellar Lumens is tied to Bitcoin price just like every other coin in the market. If there is a bitcoin bull run, Stellar Lumens may benefit from it. If there isn’t one, then expect sideways actions and ignited slumps and jumps.
Altcoins are fueled by bitcoin in the crypto market. If you follow daily Stellar Lumens news, you’ll see that the pattern is clear. Because of this relationship, the price of bitcoin affects altcoins.
Where the price of bitcoin sees a sharp surge in price, it will likely depress the altcoins when money flows into bitcoin. Sometimes, the altcoins are taken along for the ride. Where bitcoin plunges, the altcoins also suffer depression as the money is converted to fiat. In other cases, it could cause altcoins to boom when money flows into them.
It could also altcoins to flourish when traders move to altcoins to get some returns in terms of bitcoin pairs.
How strategic partnerships will help push Stellar Lumens price
Stellar Lumens is the only crypto that comes close to XRP when it comes to projects and partnerships. Many analysts believe that these partnerships will send the digital currency to the moon. Stellar, as a firm, focuses on people, banks, as well as digital assets. It is different because it gives the unbanked topmost priority.
Weiss Ratings ranked XLM as one of the top 5 crypto for long term investment. The digital currency also has an interesting blockchain and a powerful technological model. Its transaction speeds and scalability is considered one of the best in the world. Perhaps these are a few reasons why it was ranked among the 5 best.
Stellar Lumens price prediction – is XLM a good investment?
Presently, these features may not reflect in the price of the digital currency. However, in the future, XLM adoption will push the price of Stellar Lumens to the moon. The blockchain of Stellar is one of the best as well, therefore IBM uses it to host Verde, its token.
Also, the blockchain was referred to as a perfect fit for the integration of smart contracts. On the other hand, the company plans to explore the possibility of changing the cross-border payment system. In the long term, this cryptocurrency may be a good investment.
What is the price of Stellar Lumens today?
According to coin market cap, XLM is trading at $0.101537 at press time. It also has a market cap of $1,939,635,101 with a 24-hour trading volume of $174,071,703. The coin saw a 0.12% increase today and seems to be in the green. Can it maintain this price trend?