2022 could be a good year for Stellar (XLM). However, people would like to know how Stellar could perform in 2022 and which things that we should expect about XLM. In this guide, we will go through all the details about Stellar (XLM) and how this virtual currency could evolve in the market in the coming years.
This Stellar price prediction is expected to cover fundamental and technical aspects of the coming year. It would be possible for XLM to reach new highs but also it might be possible for the entire crypto market to move lower. In the next few sections, we will share with you all the details you should know about Stellar price prediction for 2022.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional financial advisor.
Let’s start with the basics: what is Stellar? Stellar is a cryptocurrency project that works as an open network for storing and moving money around the world. Stellar makes it possible for users and participants to create, send and trade digital representations of all forms of money, including dollars, pesos or Bitcoin (BTC).
Stellar is a project that makes money better and faster to use. Thanks to its API and SDKs, small companies could have the power and reach of an international bank and in just a few lines of code. Users can build global payment applications, asset exchanges, and micropayment services, among other things.
When it was released to the market, many considered Stellar to be a very similar project to Ripple (XRP) due to different reasons. Indeed, Stellar is considered to be a project that wants to make it easier for investors and participants to handle money across borders. This would not only work for large companies such as banks, but also for small investors that want to handle smaller payments.
Over the last years, the XLM virtual currency has also attracted a large number of investors from all over the world. This is why we will now focus on a fundamental analysis of this virtual currency.
When it comes to Stellar fundamental analysis we should focus on how this virtual currency has been attracting a large number of users from all over the world. We continue to live in a world with workers, for example, that need services in order to send funds back to their families in the regions where they live.
Additionally, there is a need for companies in different sectors and industries to have easy-to-understand and easy-to-use systems that would let them handle cross border payments for low fees.
It would be necessary for companies to start adopting XLM as a virtual currency to send and receive payments but also use the whole Stellar network. Adoption is going to be a key thing for Stellar, which is expected to become an even larger project with firms adopting XLM and also the Stellar network for their projects and initiatives.
This fundamental part for XLM is going to have a very important effect on the network. The larger the adoption, the larger the demand for XLM in the long term. However, this is also going to be highly related to the technical aspects of this virtual currency.
Stellar has experienced different periods of bull and bear markets. Until 2017, this virtual currency was out of the radar of major investors. However, with the bull market of 2017 and the first week of 2018, XLM was able to high massively high prices. Indeed, the coin was never able to break its previous all-time high of almost $0.85 per coin.
During 2018, the digital asset entered a bear market as the whole crypto industry. This shows how important it is to follow the general trend of the market and make decisions according to how virtual currencies behave.
Another thing to notice is that XLM was able to recover from the bear market of 2018 and 2019 only in early 2021. It took many years for this virtual currency to become a competitive digital asset once again. Now, XLM reached a price of $0.72 in May 2021, which allowed investors to make large gains if they purchased XLM when it was close to its lowest price.
Over the last 6 months, XLM has been in an accumulation phase in which it fluctuated between $0.25 and $0.40. This is a relatively stable price for XLM as a virtual currency considering that this is not a stablecoin.
It is now time to start with our Stellar price prediction for 2022 and the coming years. Remember, this is for educational purposes only. We are not financial advisors.
When it comes to Stellar’s price prediction for 2022 AltSignals’ analysts see that there is a very important critical level from where it is very positive for XLM to bounce from. This $0.20 level is where the digital currency bounced off from once before and we could see the digital currency bouncing from this price level once again.
Now, it is possible to see XLM visiting the -0.27 Fibonacci retracement level, however, this seems to be highly unlikely. Investors have to also follow the 0.20 level where there is a completion of an ABC correction. Moreover, users should closely add their stops below the price rejection. This could be just the beginning of an explosive move for XLM that could see it reaching its previous high above $0.85 per coin in the coming months (in 2022).
This would let the market start moving in one direction and let the digital currency plan its future. A bull market could be very positive but it would also highly depend on Bitcoin and what other virtual currencies do. A bear market might happen after reaching an all-time high and it could last several years.
After understanding what could happen with the price of XLM in 2022, we can then start thinking about the next few years, including 2023. If 2022 continues with a bull market for XLM and the whole crypto market, then we could see XLM entering a bear trend.
This is due to the fact that the cryptocurrency market works with different cycles that get repeated every four or five years. Although it might not happen this time, it is simply a possibility. There are very high chances that the crypto market would enter a bear trend if digital assets continue to grow in 2022.
If XLM does not grow in 2022 and we see a market that becomes bearish, then XLM could have an erratic 2023.
As it happened in 2023, 2024 would depend on what happened in 2023. There were two possibilities for 2023: a bear market or an erratic price movement for XLM. If there was a bear market in 2023, then 2024 could be a year with a price that would try to recover or enter an accumulation period.
Instead, if 2023 was an accumulation year (the bottom was reached and XLM trades sideways without a clear direction), then 2024 could be the beginning of a new bull trend. There might not be so much clarity about XLM starting to move higher but it could certainly be a possibility.
2025 is expected to be a positive year for XLM if we follow the large macrocycles for virtual currencies. What does it mean? It means that we could see Stellar start a new bull market that could be pushing its price towards new all-time highs.
Despite the fact that there are no targets at the moment (2025 is yet far from now) if history repeats itself, we could see XLM reaching new high prices in the next few years. However, we should now wait and see what happens in previous years. There is still a possibility to see a bear trend that could last longer in the crypto market, which could affect XLM as well.
It is now time to know how to buy Stellar.
The first thing that you have to do if you want to buy Stellar is to search for a cryptocurrency exchange. This would let you deposit funds and purchase XLM. Moreover, you will also be able to trade other digital currencies besides Stellar.
If you have already selected a cryptocurrency exchange, you will have to create an account. This is something that can take a few minutes. It will require you to share an email account, set up a password and take a selfie or a picture of a valid ID. If everything is done, then it is time to move to the next step.
Now that you have created an account it is time to deposit funds. This is going to be very easy if you select a respected cryptocurrency exchange. Some platforms would let you deposit funds using debit cards or credit cards. Moreover, you would also be able to use bank transfers in some cases.
The best thing to do is to select a local cryptocurrency exchange that would let you handle fiat currencies. In some cases, you would not be able to deposit your local currency. That’s why it might take some time for you to find the correct cryptocurrency exchange. Additionally, you should also make sure that the platform has added XLM support.
Finally, we only want to buy Stellar. If you have deposited your funds and you are now ready to buy Stellar, then this step will be quite easy. Some exchanges would let you buy Stellar directly when you deposit funds to your account. This could be the easiest thing for newcomers to the cryptocurrency market.
As soon as you deposit funds, they immediately become XLM. That means that you only have to deposit funds and you will have XLM tokens in your exchange wallet. Now, if you have deposit fiat currencies, then it is time to buy Stellar. You should go to the “trading” section of your exchange and select the trading pair you want to use to buy XLM. Once you’ve done that, you should select the type of order you want to execute: limit order or market order.
Limit orders would let you select the price at which you want to buy XLM and market orders would take liquidity from the exchange and purchase XLM at the best possible price.
These are some of the frequently asked questions about Stellar.
Stellar is a cryptocurrency and blockchain network that aims at making it easier for individuals and companies around the world to handle crypto payments. The Stellar network has many different functionalities, allowing developers to create revolutionizing apps and users to use the XLM digital asset for different purposes.
The Stellar blockchain network is the ecosystem where the XLM digital asset operates. Despite the fact that users can rely on different tokens released on the Stellar platform, XLM is the most popular and used one.
You can buy Stellar in a wide range of cryptocurrency exchanges in the market. Depending on your region, you might be able to choose different exchanges.
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