Currently Underpriced? – Poor XLM Prices Predicted to Double by 2020

2019-4-30 10:22

In the beginning, Stellar was designed as a service with a focus on providing a network where all its customers (including individual and institutions) can transact their businesses across as many borders as possible, in the most seamless manner.

Because the network is decentralized, all transactions would be trackable on their public ledger. Another advantage for Stellar is its speed and cost-effectiveness. Transactions conducted with Stellar are completed within a matter of seconds, at very low charges.

The charge is pegged at 0.00001 XLM, regardless of the amount actually transacted and this was a way Stellar hoped to ensure a considerably strong status in the crypto community.

Bleak Price Forecast

As admirable as all Stellar’s functions and features are, the price is currently struggling and has been unable to make a proper recovery as it has been fluctuating for a few months now. In January, it seemed the altcoin wasn’t doing too badly but then this “good news” began to turn sour as it plunged in February’s early days reaching a poor $0.07.

After then, the price continuously fluctuated until it hit its 2019 peak of $0.13, a few days after Bitcoin’s surprising price surge. However, it didn’t stay long there and began to plummet again. This trajectory is probably why experts and analysts have concluded that Stellar might not rise significantly, any time soon.

Short-Term Versus Long-Term

Over a year ago, Stellar hit its all-time high price of $0.851 but has plunged almost 90% since then. Also, on March 12, it initially hit $0.1 but later dropped to $0.099. However, it’s expected to hit $0.11 sometime in the next few weeks but generally, short-term predictions are quite uninviting.

On the other hand, long-term predictions seem a bit more exciting as experts forecast $0.4 by the end of 2019 and as much as $1+ by the end of the year, 2020. Investors who are looking to make something out of the current rates could use this opportunity to buy in and hold until 2020. If these predictions are anything to go by, then investors are almost guaranteed to double their investment.

The post Currently Underpriced? – Poor XLM Prices Predicted to Double by 2020 appeared first on ZyCrypto.

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