1/16/2024 0 Comments Stellar lumen outlook![]() The supply was then cut by 50% and capped at 50 billion with no new coins to be added. However, the inflation mechanism was later voted out by the Stellar Lumens Community in October 2019. This supply was initially 100 billion and set to rise by 1% every year. Instead, the 50 billion XLM coins in existence right now were minted during the initial launch of the Stellar Network. Stellar Lumens are not like other coins like Bitcoin, which are mined or awarded to miners. Although XLM has dropped from its previous all-time high of $0.8756, it is quickly picking up an uptrend momentum and might soon reclaim its former position in the top 10 list of the most popular cryptocurrencies. While cryptocurrencies like Bitcoin can still do this in about 10 minutes, XLM and other altcoins like XRP think this is too long for the modern era and want to bring the number down to seconds. The network has worked over the years to develop a system that will enable its users to send payments almost instantly by using XLM. It was launched in 2014 and has significantly grown to be a big player in the blockchain technology market. The Stellar Network is a decentralized peer-to-peer framework, with XLM being its native cryptocurrency. This makes XLM more of a decentralized digital asset than Ripple’s XRP. While Ripple plans to achieve faster transactions by leveraging financial institutions like banks, Stellar Lumens uses the bottom-up approach by directly helping the unbanked populace enjoy faster international transactions. However, the coins are very different in the way they achieve their goals. In fact, some people believe XLM is an XRP fork. Both coins hope to eliminate the bottleneck in current international transactions by making sending and receiving cross-border money faster. The Stellar Lumens digital currency is very similar to Ripple, having been created by the same person Jed McCaleb. Like most altcoins, Stellar Lumens was created to enable reliable, transparent, and fast cross-border transactions that cannot be achieved with mainstream banks. It is now ranked as the 14th largest cryptocurrency by market capitalization. The coin came into the limelight during the 2017 ICO craze that saw many coins joining the then blooming cryptocurrency bandwagon. Stellar Lumen is an altcoin that is developed and used by the Stellar Network. What Factors Affect The Price Of Stellar Lumens?Ĭonclusion: Will the Price of Stellar Lumens Keep Rising? Stellar Lumens Price Predictions for 2024-2025 Stellar Lumens Price Predictions for 2022-2023 Stellar Lumens in 2022: Everything You Should Know So Far Let’s start with understanding what exactly Stellar Lumens are and whether it is a good investment. In this guide, we will be going through the latest Stellar Lumen price predictions in an attempt to gauge whether it will be skyrocketing again or whether the current consolidation is merely a calm before the storm. With a market cap of $6 billion, we can safely assume that XLM may go on a record-breaking trend that might once again take it to the top of the list by the end of this year. The coin is currently trading at the $0.27 mark. Most Stellar Lumens price predictions hint towards a positive outlook, with most speculators predicting that it might close or surpass the $1 mark by the end of 2022. While the XLM token is currently in a consolidation mode, it is expected to have a major uptrend that will take it through multiple all-time highs this year. Stellar Lumen (XLM) is one of those cryptocurrencies that are expected to spike this year after joining the market-wide bull run that started in December 2020 and January 2021. ![]() The parabolic growth of major cryptocurrencies like Bitcoin and Ethereum has inspired the emergence of smaller altcoins looking to disrupt the financial industry. ![]()
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