How to Buy Stellar Lumens?

Although Crypto is a little struggling nowadays, it has the potential to rise again. Among big names in the crypto market, Stellar (XLM) Lumenone of them. Many are asking if XLM is a good investment. We will find out the answer in this article.

What Is Stellar Lumens (XLM)?

Stellar is a blockchain ecosystem that concentrates on finance. Basically, it is similar to Ethereum, TRON, and EOS in that it enables others to use its blockchain. It also allows developers to make their tokens. However, Stellar focuses only on payments and peer-to-peer (P2P) transfers.

Ripple Co-Founder Jed McCaleb established Stellar.org, the main entity behind the Stellar blockchain. In a way, Stellar is comparable to Ripple in that they both focus on finance. 

However, Stellar plans to minimize transactions to help people to use it rather than more traditional means.

Lumens (XLM) is the native token of Stellar. It has a maximum supply of 50 billion XLM. It is also the main utility asset in the Stellar blockchain. However, Stellar also lets people create tokens on its blockchain alongside XLM.

Stellar Lumens (XLM) Current Market Value:

As of the time of writing, on November 23, the Stellar price trends on $0.331841 with a 24-hour trading volume of $794,422,187.

Stellar is down 1.97% in the last 24 hours. The current CoinMarketCap ranking is #25, with a live market cap of $8,064,818,060 USD. It has a circulating supply of 24,303,283,210 XLM coins and a max. supply of 50,001,806,812 XLM coins.

How To Determine Stellar Lumens Price:

The worth of Stellar Lumens Price is determined by supply and demand. If demand surges quicker than supply, the price moves upward. 

If you know the core principle of supply and demand behind what gives Stellar Lumens value and the factors affecting them, you can make safer cryptocurrency investment choices. If you believe demand will increase for any reason and don’t think supply will keep up, then Stellar Lumens could be a good investment.

How to Buy Stellar Lumens (XLM) with USD

Follow these steps to buy Stellar Lumens (XLM):

1. Open an account at Changelly or Coinbase (for US residents) and purchase Ethereum, Bitcoin, or Stellar.
2. After you buy the coin through one of the exchanges above, sign in to Binance and open an account.
3. Withdraw your ETH, BTC, XLM from the exchange into your Binance account. To do that, click the “Funds‘ ‘ tab and search for XLM, choose “deposit,” copy the XLM deposit address and paste it to the exchange that you withdraw the money from. The process might take up to one hour (differ according to different exchanges).
4. After completing these steps, click the “Exchange” tab on the top menu and “Basic.” Search XLM and proceed with the transaction.
5. Now, after you have purchased XLM, search for a digital wallet that supports Stellar Lumens and transfer the coin into the wallet. Click here for Stellar Lumens digital wallets.

A similar process would need to be carried out in the process of a sale of Lumens, but in reverse, unless the exchange has chosen already provides for the XLM / USD pair.

Stellar Lumens Price Prediction for 2021

The Stellar price is predicted to reach $0.75 by the end of 2021. The projected rise for 2021 might be around $0.80, and on the downside, the low might be about $0.060.

Stellar Lumens Price Prediction for 2022

The Stellar price is predicted to reach $0.90 by the end of 2022. The predicted high for 2022 might be around $0.95, and on the downside, the low might be about $0.85.

Stellar Lumens Price Prediction for 2023

The Stellar Lumens might maintain the upward trend, and by the end of 2023, it would be able to reach the value of $0.98. The projected high for 2023 might be around $1.00, and on the downside, the low might be about $0.95.

Stellar Lumens Price Prediction for 2024

As per the Stellar Lumens predictions for 2024, the value might reach $1.20 by the end of the year. The predicted high for 2024 might be around $1.70, and on the downside, the low might be about $1.00.

Stellar Lumens Price Prediction for 2025

As per the XLM price prediction for 2025, the coin might touch the high of $2.00, while on the downside, it might fall up to $1.50. As per our prediction, the XLM price might be trading around $1.90 by the end of 2025.

Further, regarding the technical analysis, market capitalization, and XLM price prediction for 2021, as well as forthcoming years’ future price market prediction for XLM/USD, suggested that this cryptocurrency can be expected to have a development of almost 100% per unit or per share shortly with the expectation to grow beyond the stated achievable XLM price prediction target.

Is Stellar Lumens (XLM) a Good Investment?

Stellar has a bright prospect ahead of it in 2021. With the ongoing progress within the XLM ecosystem and the overall crypto market, we may see XLM reach new peaks.

Bullish XLM price prediction 2021 is $0.39. As said above, it may even reach $0.47 if investors have decided that XLM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.