Stellar’s XLM Projected to Increase 400% to Nearly $2
Independent analyst Quantum Ascend suggests that Stellar's native token XLM may experience a significant price increase, projecting a potential 400% rise based on market-cap analysis. Key points include:
- XLM currently trades at approximately $0.386 with a market cap of about $12.28 billion.
- The analyst uses market capitalization rather than dollar price to account for XLM’s supply dynamics affecting spot-price returns.
- A fifth-wave advance is anticipated, with a primary target market cap of $60 billion, which could lead to a price around $1.96 per XLM, and a more aggressive target of $2.28.
- The analysis is based on Elliott Wave patterns, identifying historical cycles dating back to May 2016.
- A total supply reduction in November 2019 to ~50 billion tokens has influenced market dynamics, as no new lumens are created at the protocol level.
- Achieving the projected price would set a new all-time high for XLM, surpassing the previous peak of $0.938 from January 2018.
The projections rely on Fibonacci confluence and are subject to macroeconomic factors, but Quantum Ascend posits a clear upward trend for XLM if current market conditions hold.
