(Updated August 2018) Stellar Lumens, popularly known as stellar, is an open-source network that facilitates digital asset transfers. The system is run by the Stellar Development Foundation, a non-profit organization. It was established in 2014 by an ex-Ripple cofounder. In December 2017, the cryptocurrency’s performance was outstanding. Continued growth in early 2018 makes stellar price predictions very promising for traders and investors.
The cryptocurrency’s value skyrocketed by more than 900 percent in December last year. At the end of the first week of 2018, Stellar experienced a price dip that saw its value drop to $0.65. In March 2018, a stellar unit was valued at $0.30 while at the moment of writing one unit was worth $0.22 with some end year stellar price predictions going as high as $23. This article intends to provide you with a detailed account of price predictions for the stellar cryptocurrency.
What Are the Stellar Price Predictions for 2018?
The stellar network comprises of partner agents. The agents are known as “anchors.” An anchor provides a line of credit to people as well as validate stellar transactions. For example, let’s say you wish to send $1,000 to someone in another country. You just need to pay an equivalent amount in cryptocurrency to a stellar anchor nearby. The recipient would then request the funds from a stellar anchor in their home country.
The crypto’s growth journey was started when stellar and IBM entered into a partnership. Terms of the partnership included that IBM would provide eight new anchors to validate the stellar network. At this time, stellar was trading at $0.24. Stellar announced that 30 banks would join their network. The cryptocurrency also got into partnership with Ledger Nano S hard wallet the same year.
Stellar and Ripple are related in that both are based on the same protocol. Ripple targets transactions between large financial institutions and banks. Stellar targets smaller transactions between individuals. With a Ripple unit currently valued at slightly below $0.33, it’s more than likely that stellar’s value will follow suit. Let’s consider a few stellar price predictions.
1. Economic Forecast Agency Prediction
The Economic Forecast Agency uses an algorithm to predict asset prices. The firm has detailed stellar price predictions up to 2022. The company anticipates that the crypto will not hit the $1 mark this year. In fact, they estimate its value to about $0.23 at the end of this year and $0.82 by the end of 2021.
2. Right Trader Prediction
Analysts at the Right Trader predicted that, if stellar hits the $1 mark this year, then it would reach a support line. When an asset trend line meets a support line on a price chart, it’s highly probable that its value will grow rather than decline. The opposite of a support line is known as a resistance line.
3. WalletInvestor Prediction
Analysts at WalletInvestor have a different opinion on price level but not the general price trend. The firm believes that stellar will experience continued growth within 2018 and beyond. However, they do not see the crypto getting to $1 this year. WalletInvestors analysts suggest that a stellar unit will be valued at $0.49 in June 2019. Their stellar price prediction shows that the crypto will cross the $1 mark in 2021 but probably drop slightly below $1 by 2023.
4. Monetize.info Prediction
According to analysts at Monetize.info, stellar’s unit price could reach $1 soon. The firm predicts that the crypto will get to $1 within the first quarter of 2018. Their detailed stellar price predictions list show that the crypto’s price will continue to grow at a high pace. At the end of the year, stellar will be valued between $2 and $3. The predicted values represent growth between 185 and 330 percent for the cryptocurrency.
5. CoinCheckup Predictions
CoinCheckup analysts have three scenarios for their stellar price predictions. All of them are based on the amount of cryptocurrency as a percentage of the total money flowing worldwide. The prediction assumes that the total stellar market cap is 4.23 percent of the total physical currencies in use. The first prediction suggests that stellar’s unit value will reach $2.
The second prediction is based on the total stellar market cap as a percentage of total physical currency plus amounts in demand accounts. The figure is calculated as 1.88 percent. CoinCheckup’s price prediction suggests that the value of a stellar unit might reach $12.
The third prediction is based on the total stellar market cap as a percentage of total physical currency added to amounts in demand accounts and money in savings accounts. The figure is calculated as slightly below one percent. The firm’s stellar price forecast suggests that the value of the crypto might reach as high as $30.
6. Altcoin Forecast Prediction
Analysts at Altcoin Forecast have both short-term and long-term stellar price predictions. The value of a stellar unit relative to bitcoin is currently at 0.00003235 BTC. The firm predicts that stellar will reach 0.00003641 BTC in the short-term. Altcoin Forecast analysts also suggest that stellar will reach the -0.00002131 BTC mark in the long-term.
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7. 30 Rates Prediction
Analysts at 30 Rates are very optimistic about stellar’s growth. Their forecast suggests that the cryptocurrency will trade at $0.162 to $0.186 in September 2018. The firm also shows that the general upward trend line will not be smooth. Price fluctuations will mar the trend. However, 30 Rates stellar price prediction suggests that the crypto’s price will go above $0.5 for the next two months – in fact, as soon as September rolls around.
8. Oracle Times Prediction
Oracle Times also carried out stellar price predictions. The company assumed that most investors consider price as the main criteria when buying an asset. The firm suggests that stellar will reach a market capitalization of one trillion dollars. In that case, the crypto has to be trading at above $1 to reach that capitalization. Oracle suggests that stellar will trade at $1 by the end of January 2018. (looks like they’re already wrong about it).
Oracle Times has not updated their stellar price predictions since then, but we will update this page as soon as they do.
Stellar’s growth will be significantly boosted by signing up more anchor partners into the network. People are increasingly seeking international funds transfers at lower costs. Some of them will undoubtedly embrace stellar. A vast network coupled with more users will increase stellar’s value. As an investment, stellar is set to be a high-return digital asset.
The information contained in this article will help you make a better decision when choosing to invest in stellar. Should you have any thoughts, questions or experience regarding stellar price forecasts, do not hesitate to share with us.