How to Buy Stellar in 2024. Is XLM a good investment?

Stellar Review and Analysis

Stellar (XLM) statistics & facts

Overview

Stellar and the non-profit organisation backing it, namely the Stellar Development Foundation, were created in 2014 by Jed Mc Caleb, the founder of Ripple. In fact, the birth of Stellar was the result of being hard forked into Stellar. Like its parent crypto Ripple, Stellar is also focused on achieving the increased efficiency of cross-border payments. Under the motto “finance with a mission” the Stellar Development Foundation is a non-profit organization that this sets Stellar apart from other cryptos.

By the end of the guide, you should know the following:

• A brief history of Stellar.
• What Stellar can be used for.
• If Stellar is a good or a bad investment.
• How to buy Stellar.
• Where to buy Stellar.

Usability

In essence, Stellar is a cross-border, payment and transfer system aiming to enable the connection between financial institutions, in a manner that reduces both transaction costs and time delays. Aiming exactly to improve the overall state of the global financial system through the drastic reduction of transaction time and cost, Stellar offers the use of its network for free to both individuals and institutions, and ensures its operational costs are covered internally or through donations, primary from institutions, such as Google.org. Stellar’s primary focus are the economies of developing countries and providing access to individuals who are left outside the scope of traditional banking services or have no access to such.

Pros and Cons of Buying Stellar

The Benefits of Stellar

Compared to its parent and closest competitor Ripple, Stellar is more decentralized and the fact that it is a non-profit venture gives it more credibility and acceptance, as well as help it gain user trust.

Stellar’s success is reflected by the fact that it has already managed to secure strategic partnerships with over 30 banks globally, as well as coveted organizations like Deloitte and IBM.

Things we didn't like in Stellar

Stellar’s focus on the niche of international payments, means it comes in direct competition and comparison with many other coins who are targeting the same space, chief amongst them being Ripple.

Historical performance

Though around since 2014, Stellar did not see much traction as an asset before 2017, when favoured by the overall explosion in crypto prices it achieved an incredible return of 21,694%, with its price growing from$0.0039 in April 2017 to $0.85 in January 2018. Following some ups and downs, its current price stands around $0.60 and its popularity is rising as its vision to bring financial inclusion to remote areas and people who are left out finds support and resonates well with users across the globe.

Stellar price charts

Stellar (XLM) Future Price Forecast Predictions

* The prediction figures outline some of the Potential high and low of Stellar (XLM) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.

Stellar (XLM) Price Prediction for the year 2021

By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Stellar will reach an average price of $0.52, which will be an impressive 563% growth from it's current market price.

Stellar (XLM) Price Prediction for the year 2022

By the end of the year 2022, our price prediction forecasts suggest that one Stellar will reach an average price of $0.705, which will be an impressive 764% growth from it's current market price.

Stellar (XLM) Price Prediction for the year 2025

By the end of the year 2025, our price prediction forecast suggests that one Stellar will reach an average price of $1.55, which will be an impressive 1680% growth from it's current market price.

Where Can You Buy Stellar

There are several online sites and platforms where people from across the globe can buy Stellar at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Stellar from and your strongly advised to consult this list before making your first purchase of or investment in Stellar.

How Can You Buy Stellar

It only takes a few easy steps to buy Stellar with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

By the end of the guide, you should know the following:

• Click the Buy Now button.
  Buying Stellar with debit card is easy, fast and risk-free. All you need to do is click the “Buy Now” button and then be safely directed to the check-out page.
• Fill in the fields.
• Proceed to checkout.
• Receive your Stellar.

To help you pick the right choice, we combed through the leading exchange offerings, and reams of data, to determine the best crypto exchanges as well as the top cryptocurrency brokers when it comes to trading and investing in Stellar and other cryptocurrencies.

Stellar investment analysis

Stellar is a strong competitor in its niche mainly because it operates according to the Stellar Consensus Protocol (SCP), which works differently than the proof of work and proof of stake consensus types used by other cryptos. The SCP is more dynamic and decentralized and also promotes organic network growth, encouraging thus the participation of new members to the system.

The Stellar decentralized model is also attractive due to the its excellent security and privacy features, while the platform can also provide multisigns and smart contracts, as well as being scalable to accommodate a wider pool of users, including those individuals who otherwise remain unbanked.

Should You Invest In Stellar?

Stellar’s design as an international payments protocol holds both great potential and great ambition and its good prospects are reflected by the tenacity it has displayed in recent years. Thus, there are justifiably high hopes regarding Stellar’s future growth, rendering it an attractive investment and these are backed by its strong features. Such features include having significantly lower costs than other cryptos, the fact that it is completely decentralized giving room to incorporate more participants to the network, and most importantly ensuring high transaction speeds, since it may process 2000 transactions per second, ensuring that no transaction needs more than 5 seconds to be validated.

Risks of Investing in Stellar

Because Stellar (XLM) is focused on catering to the needs of a very specific niche market, the greater risk it is exposed to is the competition it may face from other cryptocurrency networks which might try to create a better platform and attempt to take traffic and users away from Stellar, thus negatively affecting it’s stock value.

Tips on How to Invest in Stellar and Make a Profit

There is no guarantee that you will make a profit when you invest in Stellar. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:

• Tip 1: Set your own specific Financial Goals
• Tip 2: Dollar-Cost Average Your Stellar Investments
• Tip 3: Diversify Your Stellar Investment

Overall Conclusion – Final Thoughts

The Stellar cryptocurrency is relatively well established and already ranks in the top cryptocurrencies list, offering a more than decent market cap. Due to the stability and high transaction speeds it offers most crypto analysts and enthusiasts are confident that its future is rosy and investing in Stellar is a wise move, since Stellar has holds both promise and potential.

In this guide, the aim wasn’t only to answer simple questions like “how to buy Stellar?” or “where to buy Stellar?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Stellar investment journey as successful and as profitable as possible!