- Analyst EGRAG predicts exponential growth for Stellar (XLM), projecting a future value of $5 based on historical trends.
- Stellar strengthens its ecosystem through strategic partnerships and technology upgrades, such as Protocol 20, driving its real-world application.
For Stellar (XLM), the projection of reaching an ambitious $5 value, based on trends identified by market analyst EGRAG, indicates exponential growth potential and an inflection point in its market valuation.
Stellar is considered undervalued despite the unique and considerable value it brings to the overall payments landscape, suggesting an under-recognized investment opportunity.
EGRAG observation of the ceiling reached in the previous bull market, where XLM’s price reached $0.80, and the subsequent 48.16% drop from its peak of $0.183 in July 2023, position Stellar for a planned resurgence .
According to EGRAG CRYPTO analysis, significant drops in XLM’s price, averaging 47% on four separate occasions, are seen not as setbacks, but as buying opportunities during uptrends.
EGRAG’s projection that XLM could reach the $0.5 range and trigger further uptrends reinforces confidence in the analysis and suggests a strengthening in the perception of Stellar’s future value.
#XLM Logarithmic $5, Non Logarithmic $1.5?
During the previous #BullRun, #XLM faced the challenge of not reaching a new all-time high (ATH), hovering around the $0.80 mark.
Throughout this journey, #XLM experienced four significant drops, averaging at about 47% (44.28%, 51.28,… pic.twitter.com/XAFVW1PB2b
— EGRAG CRYPTO (@egragcrypto) February 12, 2024
The long-term prediction of reaching $5, using logarithmic measures, and $1.5 with non-logarithmic measures, highlights optimism in Stellar’s sustained growth.
Stellar’s solution, designed for real-world applications, and its many active partnerships, such as the one with Moneygram, reinforce its commitment to global expansion and practical applicability.
1/ Stellar Core v20.2.0 stable release is now available! This update includes a fix for the recent fee bump bug.
If you run Stellar Core, make sure to upgrade to this version to ensure compatibility before the Protocol 20 Mainnet upgrade vote scheduled for Feb 20th
— Soroban (@SorobanOfficial) February 9, 2024
Stellar’s evolution, marked by initiatives such as the Protocol 20 upgrade, which introduces smart contract capabilities, is evidence of accelerated technological development that could further drive its adoption and valuation.
At the time of writing, the slight increase in Stellar’s price and market capitalization, along with an increase in trading volume, reflect a positive market response to these developments and analysis.
The combination of favorable technical analysis, continued technological evolution and expanding strategic partnerships place Stellar on a path to significantly higher valuation, marking a potentially transformative moment for XLM in the crypto sector.
At the time of this writing the XML price is trading at $0.1108
