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XRP's price action in recent days has significantly improved the wellbeing of not only its holders, but also that of its main competitor in the form of XLM. Since Monday, for example, the Stellar token has risen by 20%, breaking all key resistance levels in its path and reaching multi-month highs. XLM now trades at $0.11 per token, where it was last quoted back in November 2022 before the FTX crash.
Amusingly, the performance of the XLM price is accompanied by the same phenomena as XRP. In particular, it concerns abnormal volumes on South Korean exchanges. For example, on the largest of them, Upbit, XLM turnover has tripled in the last two weeks.
From XRP to XLM
The logic behind XLM's price action following XRP is quite simple and obvious. Conceived by Ripple co-founder Jed McCaleb as a decentralized counterpart to his original creation, the Stellar ecosystem and its XLM token are in the context of the crypto market what Shiba Inu (SHIB) is to Dogecoin (DOGE).
When the price of one of them kicks in, the other's follows after a while. This is because investors want to jump on the departing train and look at similar assets in search of these opportunities. This is how capital flows across the market.
However, it is worth being cautious, as this could very likely signal the end of the rally in the primary asset, i.e., XRP, or among these tokens altogether.
In the long term, the power-packed use case of Stellar will increase the XLM demand, driving the price higher. We expect the Stellar Lumens (XLM) Price to reach the height of $0.44 by the end of 2024.
XLM vs XRP: What's the difference? The main difference between Stellar's XLM and Ripple's XRP is that Ripple caters to financial institutions while Stellar focuses on individuals (peer-to-peer transfers and remittances). Here are a few more differences between our coins. Both XLM and XRP work in a similar fashion.
It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future. Will XRP reach $50? Will XRP reach $50? Will XRP explode in 2023?
- To become a Stellar Lumens millionaire, you'd need a significant holding of XLM. - At $1 per XLM, you'd need 500,000 XLM. - In an optimistic scenario, you'd need around 333,000 XLM if XLM's market cap reaches a level similar to Tether's (around 80-90 billion)². 4.
Many top-tier prediction sites show that XLM could reach $20 before the end of the 2020s, which is a massive return on investment since it's currently trading at around $. 15. If the Lumen token can gain 15% a year, it'll reach $1 in 11 to 12 years.
The Coin Price Forecast puts an XLM price prediction of $0.15 for 2022, $0.16 in 2023, $0.19 by the end of 2024, and $0.28 by end of 2025. It could trade at between $0.5 and $0.53 by mid to end of 2030.
How do XLM's and XRP's transaction speeds compare? XLM transactions are typically confirmed within 3-5 seconds, while XRP transactions can take 4 seconds. Both cryptocurrencies are designed for fast and efficient cross-border transactions, making them faster than traditional banking systems.
XRP is generally considered faster than XLM regarding transaction speed and scalability because it can handle up to 1,500 transactions per second. In comparison, XLM can handle around 1,000 transactions per second. However, both cryptocurrencies are relatively fast compared to traditional payment systems.
Is XRP or XLM better? There is no clear winner between the 2, as they each have their strengths and weaknesses, as well as differences and similarities. They both allow near-instant and near-zero transactions.
Like BTC, ETH is up sharply so far in 2024, surging 53.6% through April 1. These two cryptos are undoubtedly the best in their asset class. Some market watchers speculate that Ethereum ETFs will be the next step in crypto's mainstream adoption, and if any digital currency is next in line, it's undoubtedly Ether.
Of course, the coin's value is closely tied to its utility and ability to solve real-world problems. Lumens check both boxes because of Stellar's ability to process international payments quickly, efficiently and at low cost. Stellar also has the backing of some major players, including MoneyGram.
You won't see this token rally 46% in a single day very often -- perhaps never again -- but a more reasonable growth trend should eventually get there. If the Lumen token can gain 15% a year, it'll reach $1 in 11 to 12 years. At a less realistic average growth rate of 30%, it'll take 7 to 8 years instead.
Now there are about 50 billion lumens, total, in existence, and no more lumens will be created. Nearly 20 billion lumens are out in the open market, and the Stellar Development Foundation retains the other 30 billion or so to develop and promote the growth of the Stellar network, per its mandate.
Kin would need to gain 4,995,831.29% to reach $1. According to our Kin prediction algorithm, the price of Kin will not reach $1. The highest expected price our algorithm estimates is $ 0.00004031 by Jan 1, 2029.
Introduction: My name is Velia Krajcik, I am a handsome, clean, lucky, gleaming, magnificent, proud, glorious person who loves writing and wants to share my knowledge and understanding with you.
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