Continuing our research on what may be the major trends for cryptocurrency market in 2019 this article is about Stellar price prediction 2019, and opinions on Stellar price forecast 2019. Results of 2018 will be presented below as a start to figure out the main trend and performance for Stellar in 2018.
Results of 2018
Stellar (XLM) cryptocurrency as the end of December has a market price of $0.112272 and a market capitalization of $2.147.942.264 USD, the circulating supply is 19.160.772.795 XLM and the total supply is 104.582.774.327 XLM. Price on Jan. 1, 2018 was $0,3604 and the yearly performance is a decline of 69%. It is ranked number five on top 100 cryptocurrencies on Coinmarketcap.com in terms of market capitalization. What is the Stellar lumens price prediction for 2019 and beyond?
Stellar price prediction 2018
Our Stellar price prediction for the end of 2018 was the following:
“Our forecast for the end of 2018 is based on the weekly chart and will not move higher than $0.31 or fall below $0.13. The prolonged selloff may turn to a consolidation and a moderate bounce towards $0.17 or $0.20 is probable.”
Our forecast was incorrect as price moved up to the level of $0.148 and fell below the price level of $0.10, a classic example of why attempting to make a Stellar coin price prediction is a very hard task. In our case the XLM prediction 2018 proved to be inaccurate, in contrast with some other short-term prediction for December 2018 which were correct.
Stellar price prediction 2019
What are some of Stellar lumens prediction ranges for 2019? Do experts appear to be optimistic and make a bullish XLM forecast for 2019 or not?
Smartereum is optimistic that the price of Stellar will rise in 2019 offering two bullish scenarios. The first scenario is that price will move sideways in the range $0.17-$1, and the second scenario is that price will move eventually to $0.35 and a breakout will soon follow. Further upside potential is possible. Theoofy appears to be rather pessimistic with a base scenario of a price decline from $0.28 to $0.22. This depends on whether the price will be near the first price level of $0.28, which for now seems not a realistic scenario with a current price of $0.114. Some catalysts for the price of Stellar in 2019 are business prospects, applications and updates.
Coinswitch.co appears also to have an optimistic range of Stellar predictions with a forecast about xlm coin price reaching the $0.60- $0.66 range.
Stellar price forecast 2019
Not all Stellar cryptocurrency price predictions are optimistic though as Longforecast.com forecasts a high price of $0.15 in January 2019 and then a gradual and continuous decline all year long to the low price of $0.05 by the end of 2019.
InvestingHaven.com has a forecast of $4 for Stellar in 2019 based on both fundamentals and technical analysis. A very important fundamental factor is the collaboration of Stellar with the IBM in the Blockchain technology.
BeingCypto.com reports several estimates made by influencers about Stellar price prediction in 2019. The price range varies significantly from $5-$10, to $2. The estimate of BeingCrypto.com is that price could potentially reach $1.20 in 2019, with a small probability of further decline below the current price of $1.114, but still there is a reference to the worst-case scenario, a price of $0.42.
Stellar price prediction 2020
BeingCrypto.com forecasts that in 2020 there is a best-case scenario of $6.25 for Stellar and a worst-case scenario for $0.67. Longforecast.com forecasts a low price of $0.06 in January 2020 and by the end of 2020 sometime during December a price of $0.15.
Tradingbeasts.com forecasts for January 2020 a minimum price of $0.25, a maximum price of $0.36 and an average price of $0.29. At the end of 2020, in December 2020 the forecasts are for a minimum price of $0.30, a maximum price of $0.44 and an average price of $0.35. Theoofy.com predicts that the year 2020 will be pivotal for the cryptocurrency market and mentions that Stellar might reach $0.55 as its top price in 2020, still away from it's all-time high of $0.75.
Stellar Lumens is expected to have a more stable pace of growth in the market by 2020. This may mean that volatility will decrease which is not considered negative as a potential price stability could be interpreted as a more mature market.
Stellar price prediction 2025
It is far riskier to make any XLM price prediction for 2025 compared to a forecast of only one year, yet some interesting estimates are mentioned below:
· BeingCrypto estimates that in five years from now the best-case scenario for Stellar is $10.26 and the worst-case scenario is for $2.18.
· DigitalCoin mentions the probability of price reaching $0.35425323
· AltPocket appears very bullish as it predicts that it is most likely for the price to breach the $30 mark by 2025.
· Walletinvestor is very optimistic mentioning that in 2025 Stellar could have a price of $227.664460
· CoinSwitch based on a realistic and conservative analysis, forecasts that Stellar will certainly touch the $1 mark in 2023, predicting XLM to reach $1.14 by the end of 2023.
· Theoofy predicts that Stellar might go for $1.20 by November 2025, with further upside potential because Stellar is one of the fastest currencies in the market.
Technical analysis of Stellar
We will provide our conservative forecast about Stellar in 2019.
Technically the downtrend is still intact. An attempt for the price to break above the level of $0.148 failed. The 20-period, 50-period and 200-period exponential daily moving averages are all above the current price of $0.113 and as they are declining, they suggest selling pressure is still dominant. It is interesting that our recent article on Stellar was titled “Stellar Price Prediction for December: Is Bottom-Fishing Now Still Dangerous?”. Will the low price of $0.094 be a real bottom price for 2018 and 2019?
The answer is no as there is not any valid argument to support it. As long as price is trading below the three moving averages mentioned above, chances are that lower price levels are very probable. There are not any significant support levels below the current price of $0.114. There are significant resistance levels at $0.139, $0.182, $0.192 and $0.24.
For now, our best-case scenario about Stellar in 2019 would be a price of $0.21-$0.22 which is very near to the current price of 200-period exponential daily moving average at $0.215. The ADX/DMI indicator shows a current weak trend which is positive for Stellar indicating that the momentum of recent downtrend has diminished significantly. Our conservative xlm price prediction still represents an upside potential of about 100% from the current price.
As the daily Bollinger bands have recent values of $0.096 and $0.137 for the lower and upper band respectively a closing price above the upper daily Bollinger band would be a first sign that uptrend is gaining momentum. What about our worst-case scenario? A closing price below the recent low price of $0.094 has literally a price target of either $0.05, as mentioned above or even lower. It would be unrealistic trying to predict the real bottom even if advanced mathematical models were used. Truth is predictions are very uncertain.
Still, our price target of $0.21-$0.22 coincides with Fibonacci analysis. From the swing high price of $0.287 in November 2018 to the low price of $0.095 in December 2018 the 0.618 retracement level is $0.215. the 0.786 retracement level is $0.247, and the 0.5 retracement level is $0.192. This confluence of numbers supports our technical analysis about a potential rally of Stellar in 2019. If there any positive fundamental developments for Stellar in 2019 then a combination of these factors with technical analysis may indeed prove our forecast to be correct. In any case this is not a financial advice, only an article mentioning potential scenarios about Stellar predictions in 2019 and in the near future.