Stellar is a “new-generation” cryptocurrency, which has its own network.
The main advantage of Stellar over other cryptocurrency assets is its scalability and practicality in terms of being applicable in a number of fields.
In particular, Stellar tools can be implemented in the banking system, used in the automatic payment system, and so on.
Stellar Lumens (XLM) has a built-in decentralized exchange that can be used to trade any currency or asset, although almost 60% of Stellar cryptocurrency trading takes place on the Binance exchange.
Of course, when we talk about Stellar, we are not primarily referring to the entire platform and network, but to the native token of the platform - Stellar Lumens (XLM), which is used as the main means of payment on the platform, just like BNB is used on the Binance Smart Chain network or ETH is used as gas fee on the Ethereum network.
Speaking about the forecasts and prospects of XLM, in our opinion it has every chance of becoming one of the most demanded cryptocurrencies in the market (though it’ll take some time).
Stellar is a promising cryptocurrency platform, which is currently one of our top-tiers among the trendiest crypto projects of this year, primarily because of its practicality and the potential to significantly reduce transaction costs.
Stellar - To The Moon!
The platform is very easy to learn, its blockchain makes the system decentralized (which positively distinguishes Stellar from say, Bitcoin, for example), and the native token of the XLM platform shows excellent growth potential every year.
Stellar Lumens tokens are built-in to the Stellar network, where they act as a unit of digital currency.
The idea behind Lumens is how they can facilitate multiple currency transactions at a given moment. The token can be used as a "bridge" between different currencies that do not have their own direct market.
Our research suggests that XLM may hit $0.42 in 2023.
Stellar maintains its reputation as a trendsetter and somewhat a revolutionary platform in the stagnating cryptocurrency market, and this, in turn, increases interest in the project from both potential investors and holders, which in turn will inevitably lead to a consistent growth of the XLM token.
Stellar (XLM). The stars are especially bright and promising tonight
As we mentioned at the beginning of the article, Stellar is highly scalable and has a large number of practical applications (for example, in the banking sector or the automatic payment system).
Therefore, we believe it might potentially reach $0.5 by either the end of this year or beginning of 2023.
According to experts, XLM may be worth $0.7 in 2024.
In 2023, the developers plan to further optimize the scalability of the Stellar ecosystem, in order to maximize the XLM application functionality and increase transaction volumes even more (and with it, reduce the cost of transactions simultaneously).
Where exactly all this will lead Stellar in 2024 - we can only guess, but given the ambitious roadmap of the project, we are confident that the Stellar project is preparing to, practically, revolutionize the world of crypto assets.
And maybe even reaching $1 by that time.
Perhaps at the end of this year, Stellar will finally gain a foothold in the market as perhaps the best intermediary network between traditional and cryptocurrency financial institutions.
Of course, this forecast will only play in favor of the platform's native token.
Therefore, all holders (or common traders who just want to earn a buck) are advised to pay close attention to Stellar Lumens (XLM).