Stellar (XLM) Price Prediction 2023 – Will XLM Hit $0.5 Soon?
- Bullish XLM price prediction is $0.1000 to $0.2185.
- The XLM price will also reach $0.5 soon.
- XLM bearish market price prediction for 2023 is $0.0702.
In Stellar (XLM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XLM to analyze the future movement of the cryptocurrency.
Stellar (XLM) Current Market Status
| Current Price | $0.0731 |
| 24 – Hour Trading Volume | $36,582,259 |
| 24 – Hour Price Change | 1.4% down |
| Circulating Supply | 26,129,854,332 |
| All – Time High | $0.875563 (On January 03, 2018) |
What is Stellar (XLM)?
Stellar (XLM) is the native cryptocurrency of the Stellar network. The token is well-known as Stellar Lumens (XLM). Stellar is a peer-to-peer (P2P) decentralized payment network that was launched in 2014. Stellar Lumens (XLM) is used as the transaction fees on the network. It also serves as the intermediate payment currency across cross-bridge transactions.
The supply of XLM and the network’s development is supported by Stellar Development Foundation (SDF), Stellar’s native non-profit organization. Stellar network secures its blockchain with Stellar Consensus Protocol (SCP). SCP is a modified consensus mechanism that is based on the Federated Byzantine Agreement (FBA). Hence, nodes are selected based on voting and later verify and validate transactions onto the distributed ledger.
The Stellar network also holds its own decentralized exchange. Stellar network bridges the off-chain financial institutions to the on-chain payment ecosystem. Thus, its prime motto is to accelerate the mission of banking the unbanked.
Stellar (XLM) Price Prediction 2023
Stellar (XLM) holds the 29th position on CoinGecko right now. XLM price prediction 2023 is explained below with a daily time frame.
The above chart of Stellar (XLM) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Stellar (XLM) is at $0.0731. If the pattern continues, the price of XLM might reach the resistance level of $0.0744 and $0.0788. If the trend reverses, then the price of XLM may fall to $0.0706.
Stellar (XLM) Support and Resistance Levels
The chart below shows the support and resistance levels of Stellar (XLM).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Stellar (XLM).
| Resistance Level 1 | $0.1000 |
| Resistance Level 2 | $0.1532 |
| Resistance Level 3 | $0.2185 |
| Support Level | $0.0702 |
The charts show that XLM has performed a bullish trend over the past month. If this trend continues, XLM might run along with the bulls overtaking its resistance level at $0.2185.
Accordingly, if the investors turn against the crypto, the price of the XLM might plummet to almost $0.0702, a bearish signal.
Stellar (XLM) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Stellar (XLM) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of XLM lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Stellar (XLM) is shown in the above chart. Notably, the XLM price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, XLM is in a bearish state. There is a possibility of a reversal trend of XLM at any time.
Meanwhile, the relative strength index (RSI) of the XLM is at a level of 39.92. This means that XLM is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.
Stellar (XLM) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Stellar (XLM). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Stellar (XLM). Currently, XLM lies in the range of 56.8905, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Stellar (XLM). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XLM lies below 50, indicating low volatility. In fact, XLM’s RSI is at 39.92, thus confirming a potential sell signal.
Comparison of XLM with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Stellar (XLM).
From the above chart, we can interpret ETH, BTC, and XLM are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XLM also increase or decrease respectively.
Stellar (XLM) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Stellar (XLM) between 2024 and 2030.
Stellar (XLM) Price Prediction 2024
With several upgrades in the network, Stellar (XLM) might enter a bullish trajectory. If the coin grabs the attention of major investors, XLM might rally to hit $1.1 by 2024.
Stellar (XLM) Price Prediction 2025
If Stellar (XLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, XLM would rally to hit $1.8.
Stellar (XLM) Price Prediction 2026
If Stellar (XLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, XLM would rally to hit $2.5.
Stellar (XLM) Price Prediction 2027
If Stellar (XLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, XLM would rally to hit $4.
Stellar (XLM) Price Prediction 2028
If Stellar (XLM) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, XLM would hit $4.6.
Stellar (XLM) Price Prediction 2029
If investors flock in and continue to place their bets on Stellar (XLM), it would witness major spikes. XLM might hit $5.3 by 2029.
Stellar (XLM) Price Prediction 2030
With greater advancements in the Stellar ecosystem, the crypto community might continue to invest in Stellar (XLM) for the next 8 years and drive significant price rallies for the token. Hence, Stellar (XLM) might hit $6 by 2030.
Conclusion
With continuous improvements in the Stellar network, we can say that 2023 is a good year for XLM. For this reason, the bullish price prediction of Stellar (XLM) in 2023 is $0.2185. On the other hand, the bearish price prediction of Stellar (XLM) for 2023 is $0.0702.
Furthermore, with the advancements and upgrades in the Stellar ecosystem, the performance of Stellar (XLM) would rise to reach above its new all-time high (ATH) of $0.875563 very soon. But, it might also reach $0.5 if the investors believe that XLM is a good investment in 2023.
FAQ
Stellar (XLM) is the native cryptocurrency of Stellar, a peer-to-peer (P2P) decentralized payment network that was launched in 2014.
Stellar (XLM) has been listed on many crypto exchanges which include Binance, Coinbase, Bybit, BingX, CoinW, OKX, and CoinTiger.
With the ongoing developments and upgrades within the Stellar platform, Stellar (XLM) has a high possibility of reaching its ATH soon.
On January 03, 2018, Stellar (XLM) reached its new all-time high (ATH) of $0.875563.
Stellar (XLM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Stellar in the past few months, XLM is considered a good investment in 2023.
Stellar (XLM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Stellar (XLM) will hit $0.5 soon.
Stellar (XLM) price is expected to reach $1.1 by 2024.
Stellar (XLM) price is expected to reach $1.8 by 2025.
Stellar (XLM) price is expected to reach $2.5 by 2026.
Stellar (XLM) price is expected to reach $4 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/stellar-xlm-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
