Recently, the company set itself apart with some new international partnerships. And it could go much higher if these things pan out. Stellar Lumens is still up around 425% for the year. What's Moving the Stellar Lumens PriceĪ ban on cryptocurrency in China and some tweets from Elon Musk brought doom and gloom to the entire crypto market. One example is that it is the first blockchain product OK'd under Sharia Law in Bahrain. This is likely why Stellar Lumens is able to lead the way striking deals with companies and countries around the world. It takes less than a second to perform a transaction, whereas Bitcoin can take anywhere from 10 minutes to 1 hour. The protocol makes it so that nodes can quickly "vote" on what history on the blockchain is legitimate.īecause the Consensus Protocol is leaderless and virtually automated, it's cheaper and faster. What makes Stellar Lumens so efficient is its "Stellar Consensus Protocol." It was one of the first cryptocurrencies to create a means of securing its network that did not use proof of work like Bitcoin and Ethereum. In fact, Stellar Lumens grew from 244,000 accounts to 4 million from 2018 to 2020, and it keeps growing. And yet, Stellar Lumens still trades more hands than thousands of other cryptos out there. However, that still puts it in the top 20 cryptocurrencies by market cap.Ĭomparing the trading volume of these coins, you get $900 million and $32 billion, respectively. Stellar Lumens' market cap is just under $9 billion, which pales in comparison to Ethereum's (the biggest altcoin out there) $305 billion. That would make Stellar Lumens a must-buy on paper. Usually, if someone complains about a cryptocurrency, it's because it lacks one of these three things. What separates Stellar Lumens from other cryptos is a combination of speed, security, and cost-effectiveness in transactions. It was founded by Jed McCaleb, a co-founder of Ripple ( XRP). Stellar Lumens is an open-source blockchain platform on which the Stellar Lumens cryptocurrency is traded. These have given Stellar the staying power to last the recent months of crypto downturn.īefore we show you this Stellar Lumens price prediction for the next five years, here's what you should know about the coin. But it also has significant catalysts that other coins don't. One thing is certain about crypto right now - it's highly volatile. It sounds outrageous, but it could make even more sense than a $1 million Bitcoin with what we're seeing. Today, we give you a Stellar Lumens price prediction that reflects that. Stellar Lumens is one of those top coins vying for the throne. And there's still the matter of which coin will be king. But don't get all bent out of shape over those Elon Musk tweets. Many crypto bears say it spells the end of cryptocurrency. Stellar Lumens dropped about 50% in May as well. All Rights Reserved.Cryptocurrency took a significant dip in the last year, with the Bitcoin price falling as much as 42%, from an all-time high above $63,000 to $36,000. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019.
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