XLM Price Prediction: Is Stellar Crypto Worth It?
Investors are relying on the latest forecast models to determine if the current XLM price prediction has real potential. In fact, Stellar Lumens (XLM) is making headlines as one cryptocurrency that will survive the recent crypto crash. So, let’s take a closer look at this promising concept coin and its open network.
XLM Price Prediction After Crypto Crash
Lumen is having a breakout year in 2021 despite the cryptocurrency crash in the middle of May. Year-to-date (YTD), it’s up over 200%.
Specifically, Stellar Lumens ended 2020 at $0.126201 and it’s currently trading around $0.42 just five months later. And it’s been as high as $0.875563 before the crash that led to billions of dollars in losses for crypto investors.
This is why you have to be critical of every XLM price prediction over the coming weeks and months. The market volatility is much higher in crypto than it is in traditional stocks. However, that doesn’t mean you shouldn’t invest in cryptocurrency. You just have to do your research and weigh the risks and rewards.
Stellar Lumens is dropping, much like the rest of the crypto market. But Stellar also provides a better, quicker blockchain platform for processing payments.
Therefore, you can expect XLM coin to be around for the long haul. And it still has a lot of upside potential. Despite the cryptocurrency crash, Stellar Lumens has taken off in comparison to its price at the end of 2020.
Stellar Background and History
Stellar is an open source blockchain platform that provides cheaper and quicker payment transactions for various currencies. Lumen, also known as Stellar Lumens, is the native cryptocurrency for Stellar.
And Lumens do not require approval from traditional crypto miners. That is why the transactions are much faster than other blockchain systems.
Now you can see why the current XLM price prediction is giving investors hope moving forward. Stellar not only has a unique and innovative platform, but it also has a promising cryptocurrency that is rooted within this platform.
Stellar’s platform currently has over 17,700 active accounts. And the Stellar Lumens crypto has benefited greatly. The popular cryptocurrency has a market cap of $45.47 billion with a 24-hour volume of $2.49 billion.
XLM coin fell as low as $0.274343 during the crypto crash. But it has quickly regained momentum and is back above $0.40. All-in-all, you may want to keep a close eye on this crypto as it continues to outperform projections.
Investing in Cryptocurrencies
As mentioned above, cryptocurrencies face volatility at much higher rates than traditional stocks. The risks and overall uncertainty is high. Yet, the rewards are just as great. That is why so many investors are turning to the crypto market as a way to enhance their portfolios.
To learn more about the current crypto craze, sign up for the Manward Financial Digest e-letter below. Manward’s Andy Snyder is a crypto expert who provides daily insights and market analysis for a wide range of cryptocurrencies.
Stellar Lumens is one of the few cryptocurrencies to set itself apart from the over-crowded pack of digital currencies. And it’s one of the best altcoins to consider for 2021. This is why you can expect the XLM price prediction to rise even further in the near future.