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Stellar Price Analysis — How Much Might the Cost of XLM Be in 2019-20-25?

  • Denys Serhiichuk
    📚 WikiCoin

    In addition to Bitcoin, there are many other coins to choose from. Stellar is just one of the promising altcoins for investing. Lots of people compare it to Ripple. Indeed, they have a common past but are not used for the same purposes. Let’s study the future plans of Stellar Lumens developers to understand and predict the possible price of this promising cryptocurrency.

Stellar Price Analysis — How Much Might the Cost of XLM Be in 2019-20-25?
Cover image via u.today

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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XLM digital currency is intended to handle a worldwide issue: to build up the monetary foundation for fast and simple payments. The key point of the founders was to build up a decentralized ecosystem that offers both individuals and organizations to make transactions without third-parties and in this manner diminish exchange costs. The new coin showed up due to the hardfork of Ripple, however, after a year, it changed to its own open source convention.

Stellar Lumens is going to implement plans to provide each user with an excellent opportunity to create special tokens that can be evaluated inside Stellar in almost any currency, even in fiat. In contrast to large exchanges, trading in the platform will take place without intermediary centralized schemes. The company talks about creating a new blockchain network with a built-in decentralized exchange.

Stellar (XLM)
Image by 123rf

Using this ecosystem, you can also make money transfers. For example, you can create a dollar-token, evaluate it at $1, and it will always be tied to the rate of the American dollar, not XLM. This gives the huge potential for using Stellar cryptocurrency in the real world.

The advantages of Stellar include the following specific features:

  • Users have the ability to create a large number of microtransactions inside the Stellar crypto-network;

  • Low commission rates when conducting even large transactions using network software tools;

  • Full compatibility of the platform with other financial instruments;

  • The chance to use any fiat or digital asset;

  • The coin operates in real-time conditions, therefore, it is completely dependent on the market situation, which makes it possible to predict its exchange rate against the dollar and other fiat money;

  • An advanced cryptographic system is used within the network, which improves the overall security and reliability of transactions performed;

  • Support for automatic token exchange;

  • Based on the Stellar Lumens software protocol, third-party developers can create various plug-ins aimed at facilitating currency operations.

Summary of Stellar Lumens Rate in 2018

The rate of XLM for 2018 showed calm dynamics, with the exception of 2 waves of coin growth. Regarding the first one, it happened at the end of December 2017 and demonstrated a limit of $ 0,88. The cause for this was that the popular exchange OKEx added Stellar to the platform. However, after that, the rate was decreasing over 4 months, and only at the end of April ’’bears’’ started to dominate again.

The second growth took place in July as a result of a few important factors: listing on Coinbase, getting Sharia certificate from the Bahrain bank.

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Stellar Lumens Price Prediction 2019

Most specialists pick to believe that while the crypto market is in a decrease, the rate of the coin will float at about a similar dimension - $ 0,22-0,25. What's more, just for 2019, it is anticipated that the popularity will grow. There could be a few purposes behind that: the interest of serious financial establishments, whose number is increasing step by step.

Huge numbers of the events that happened with Stellar in 2019 are considered as a positive sign. First of all, it concerns the signing of beneficial agreements with businesses, investors, financial bodies.

Stellar also cooperated with Pundi X, an ecosystem for processing transactions. Stellar founders just do not find it profitable but also consider it as a wonderful opportunity for the future. It is expected to use XML as the primary method for preceding transactions with the Indonesian rupee as a major aspect of this collaboration.

The collaboration with IBM, which is one of the world's biggest producers of hardware and software equipment, gave a chance to the technological giant to proceed cross-border transactions using Stellar and turned it into one more potential growth factor.

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Analyzing the goals of the Stellar Lumens platform for 2019, it is worth mentioning one more cause: the coin has chances to be a perfect place for ICO conducting and grab some share of the market from Ethereum. In the near future, the XLM team is about to introduce smart-contracts on its own platform.

The issue is that Ethereum blockchain is mostly written using the Solidity platform, which has similar features of JavaScript. This gives a lot of freedom in writing software code and the great pros of making complex transactions. However, it also opens loopholes for different hackers who write malware for Ethereum.

Cryptocurrency Stellar offers a new language that does not provide such freedom as Solidity. Smart-contracts remain one of the main concepts for the platform, but their overall configuration will be limited for security. Moreover, the founders will not need to hire a professional Solidity employee to work with Stellar.

Stellar Lumens Price Prediction 2020

Stellar logo
Image by pexels

Based on the initial plans of Stellar Lumens founders, its future prospects will depend on the number of financial structures that will begin to cooperate with this platform. Information about the signing of a new contract between representatives of the XLM coin and the new company has a positive effect on the quotes of this currency against USD and other fiat money. The most promising partnership contract for this platform was cooperation with the IT giant, IBM, the world leader in computer technology. The first results of this cooperation can be expected within a few years.

If you take into account the positive factors related to the cryptocurrency Stellar, you can count on the fact that it can enter into the number of world cryptocurrencies. Currently, this platform ranks 9th in terms of capitalization.

When considering the forecasts of price prediction for 2020-2025, one should not simply trust economists and surveyors of the cryptocurrency market. It is important to understand that the coin is a volatile asset, so its value is extremely difficult to predict.

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Reasonability of investing in Stellar Lumens

Investors should understand that when investing in Stellar or any other digital asset, one should not to wait for a big profit in a month. This project was initially positioned as a platform focused on the long-term existence and the gradual conquest of the user audience.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

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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