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New Stellar Price Prediction: Will XLM Cost Double? Experts Say $0.14 Is More Than Likely

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    Stellar price prediction 2019: What will drive XLM growth this year?

New Stellar Price Prediction: Will XLM Cost Double? Experts Say $0.14 Is More Than Likely
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Stellar seems to be one of the rare cryptocurrencies that has managed to survive through the crypto winter. Moreover, experts are sure that it will start gaining soon, and XLM will surely double its price, though it’s a very humble suggestion. Which Stellar price prediction 2019 should we count on?

Let's check out information about Stellar on analytic websites.

Smartereum: Bullish run continues

According to Smartereum, Stellar will continue growing slowly but steadily. A bullish run can be triggered in two scenarios:

  • If Stellar manages to get to the range between $0.17-1.0, it will mean a lot. The more it stays in this range, the greater is the potential for XLM to soar down the road.

  • According to the second scenario, if Stellar reaches the $0.35 threshold and gets to the top of the horizontal channel, it will kick-start a major breakout as soon as the cost crosses the price of $1.

New Stellar Price Prediction: Will XLM Cost Double? Experts Say $0.14 Is More Than Likely

Other trading websites confirm Stellar’s rise

Which Stellar price predictions 2019 are given by websites?

  1. Altcoin Forecast’s prediction is that investors will enjoy a 10% gain from XLM’s current price.  

  2. Wallet Investor promises Stellar owners 5x ROI during the following months, which means XLM can reach $0.35.

  3. Investing Haven’s team agrees with the above-mentioned forecast because there are no major security threats, and the overall sphere performs well.

  4. According to Monetize.info, Stellar’s partnerships can make the XLM price reach $2-3. Considering Stellar’s partners (IBM, Stripe, Deloitte, and ICICI Bank), this forecast can come true.

The Oracle Times website approves of these forecasts: Stellar’s potential can be opened thanks to a collaboration with IBM’s validators, partnerships with SatoshiPay, Mobius, and Hashcash. Its $1 forecast for January 3-4 nearly came true – it reached the height of $0.94 back then. However, the price has fallen significantly since then.

New Stellar Price Prediction: Will XLM Cost Double? Experts Say $0.14 Is More Than Likely

What will drive Stellar’s growth?

Why does Stellar have serious potential to outperform competitors? It provides substantial value on the cryptocurrency market and is backed up by advanced technology. There are at least 5 reasons why it will dominate the blockchain sphere:

  1. Stellar smart contracts are less vulnerable than Ethereum’s technology: they cannot be manipulated by anyone, and are very hard to hack. Multi-layer encryption and an advanced authentication process make Stellar smart contracts a great option for global payments.

  2. The partnership between Stellar and IBM’s Blockchain World Wire helps to establish the blockchain’s position in the global financial system. Thanks to such collaborations, Stellar will win from higher market liquidity and better transaction speed.

  3. Stellar transactions are affordable for businesses: the 0.00001 XLM transaction fee means companies can save millions of dollars.

  4. AML and KYC compliance makes it a trustworthy platform.

  5. The coin’s resilience is a good sign that attracts investors.

Therefore, Stellar can become a very profitable investment. It is backed up by advanced partnerships and technological superiority, which will sooner or later make it a leader in the crypto sphere. While $0.14 seems to be a realistic forecast, an XLM price of $1 is possible to reach in 2019 as well.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin Price Can Be Easily Pushed Down by Whales: Professor John Griffin

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    John Griffin says that rapid price swings are possible because it can be manipulated by deep-pocketed whales who are not stronger than ever

Bitcoin Price Can Be Easily Pushed Down by Whales: Professor John Griffin
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Economics professor John Griffin recently rang alarm bells over the impact of Bitcoin whales on the Bitcoin market. 

Griffin told Bloomberg that a few large players could easily push the BTC price down at a whim. 

"The problem with a few large players holding crypto is that when they sell they can easily push the price down, which makes the market susceptible to rapid swings."  

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Whales are getting more powerful 

According to data released by CoinMetrics, the number of orange coins controlled by deep-pocketed Bitcoin investors reached its highest point in four years in 2019. As of December, a whopping 42.1 percent of Bitcoin's total circulating supply is stored in wallets that hold between 1,000 and 1 mln BTC. 

While crypto exchanges are known to be the owners of the richest Bitcoin addresses, investor Aaron Brown warms some of the new whales on the block are family offices and affluent individuals who are not exactly keen Bitcoin believers who might be tempted to jump ship if things turn south. 

“I doubt they have infinite patience, and without significant growth in actual use, I would expect them to quietly withdraw to chase other promising technologies,” Brown said.

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Becrying Tether's impact on Bitcoin 

Speaking of those who don't believe in Bitcoin, Griffin probably takes the cake as one of the most prominent naysayers. Back in June 2018, together with his colleague Amin Shams, he published a paper that explores how Tether was allegedly responsible for propelling Bitcoin to new highs during the peak of the previous bull market in December 2018. 

At the beginning of November, the two academics came up with an even more shooking claim -- the historic ascent of Bitcoin to its current all-time high of $20,000 was the deed of a single whale on Bitfinex, the affiliated exchange of Tether.

Tether dismissed the updated study as a puff piece that was meant to back up a $1.4 trln lawsuit against the flagship stablecoin issuer. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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