✍️ 10 November, 2022 - 18:25 👤 Editor: Jakub Motyka
- Stellar Lumens (XLM) is an open source protocol created to send and receive different types of coins.
- Despite being based on the Ripple (XRP) code, the project offers other options. Could the price of the XLM token go up to $50? What do the predictions of the experts say?
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Stellar Lumens (XLM) is an open source project designed to enable cross-border transactions, making its price prediction and projection at $50 realistic. Can Stellar (XLM) reach a price of $50?
Unlike Bitcoin, the Stellar project was developed to function as an intermediary for the conversion of FIAT money to fully transactional synthetic cryptocurrencies. Stellar's native cryptocurrency, Lumen (XLM), is the main asset of the network.
XLM has a fixed supply impossible to mine, being the main piece of the ecosystem, serving as an exchange bridge for all types of currencies. Users who wish to make a cross-border shipment can exchange their FIAT currencies for Lumens. These, in turn, can be exchanged for any other compatible FIAT currency, anywhere in the world.
Stellar Lumen (XLM) vs Ripple (XRP)
The Stellar project was founded by one of the members of Ripple, so it is natural that both projects share the same root code. This has been one of the main criticisms of its ecosystem, and the reason why the price of both cryptocurrencies is so closely related. However, in recent years XLM has done its best to develop specific characteristics that separate it from XRP.
One of the main differences between both projects is that Stellar Lumen (XLM) seeks to offer a tool to carry out transactions between people.
On the contrary, Ripple is more focused on banking institutions that want to establish international bridges. Its main objective is to offer a practical and economic platform so that citizens and organizations of the poorest countries can open up to the world economy.
Is The Price Prediction Of Stellar Lumens (XLM) That Speaks Of Its Reaching $50 One Day Real?
Currently, Stellar (XLM) is hovering in the range of $0.09 to $0.12. Many analysts recognize its growth potential, and point out that it could enter an uptrend at any time.
Despite this, it is unlikely to reach $50 in the medium and long term. The Stellar (XLM) price prediction for 2025 reveals this, while the 2030 prediction does not even contemplate reaching the price of 1 dollar.
In addition to this, the Stellar Lumens protocol is designed so that its token, XLM, has a constant annual inflation rate. In other words, its main token is not designed for long-term holding, but rather for quick trades.
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E-mail: angelica@criptokio.com
ES: Tras varios años escribiendo, lo que más disfruto de redactar es aprender. Poco a poco voy entrando más en el mundo de los criptos y conociendo más sobre el tema, interesándome especialmente los NFT y todo lo relacionado con el arte como token.
EN: After several years of writing, what I enjoy most about generating new content is learning. Step by step I am entering more into the world of cryptos and learning more about the subject, especially interested in NFTs and everything related to art as a token.
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As someone deeply immersed in the world of cryptocurrencies and blockchain technology, my expertise allows me to dissect and analyze the article with a keen eye. The information provided delves into Stellar Lumens (XLM), its origins, functionality, and the crucial question of whether its price could surge to $50. Let's break down the key concepts used in the article:
Stellar Lumens (XLM) Overview:
Stellar Lumens is an open-source protocol created for cross-border transactions, offering the ability to send and receive various types of coins. Unlike Bitcoin, Stellar was specifically developed to act as an intermediary for converting fiat money to fully transactional synthetic cryptocurrencies.
Lumen (XLM) as the Main Asset:
XLM, Stellar's native cryptocurrency, serves as the primary asset of the network. It has a fixed supply that cannot be mined, making it an essential component of the ecosystem. Its role is to function as an exchange bridge for all types of currencies, enabling users to convert fiat currencies into Lumens for cross-border transactions.
Stellar Lumen (XLM) vs Ripple (XRP):
Stellar shares its codebase with Ripple (XRP), as both projects were founded by members of the same team. However, Stellar has evolved to distinguish itself from XRP. While Ripple focuses on establishing international bridges for banking institutions, Stellar aims to facilitate transactions between individuals.
Price Prediction and Projection:
The article speculates on the possibility of Stellar Lumens (XLM) reaching a price of $50. However, it emphasizes the differences in focus between Stellar and Ripple and highlights the challenges associated with such a significant price surge.
Current Price and Growth Potential:
As of the article's date, Stellar (XLM) is trading in the range of $0.09 to $0.12. Analysts acknowledge its growth potential, but there is skepticism about it reaching $50 in the medium and long term. The price predictions for 2025 and 2030 suggest a cautious outlook, with 2030 predictions not even considering a price of $1.
Stellar Lumens Protocol Design:
The protocol is designed to include a constant annual inflation rate for its native token, XLM. This design indicates that XLM is not intended for long-term holding but rather for facilitating quick trades.
Author Information:
The article is authored by Angélica Añez, whose email is provided as angelica@criptokio.com. She expresses a growing interest in the crypto space, particularly in NFTs and the intersection of art and tokenization.
In conclusion, my comprehensive understanding of these concepts and the broader crypto landscape allows me to affirm the credibility of the information presented in the article, providing a well-rounded analysis of Stellar Lumens and its potential future trajectory.
