Crypto Experts Believe Stellar Lumens (XLM) Crypto Token Could Grow 4x in Value for 2019
It seems that 2019 could be a good year for Stellar Lumens (XLM), the 6th largest digital asset in the crypto market. There are several experts that believe that the digital asset could grow up to four times this year.
According to Crypto Briefing, a panel of experts predicted that Stellar Lumens could increase up to 84% just in January. This would drive the price of the token close to $0.21 before entering February. Nevertheless, by the end of the year, this digital currency could reach more than $0.41, representing an increase of around 260%.
Currently, Stellar Lumens is being traded around $0.106 and it has a market capitalization of $2.04.
This panel of cryptocurrency experts has also predicted good performances for other cryptocurrencies such as Cardano (ADA). One of the six analysts in the panel included Jimmy Song, a popular Bitcoin developer. According to them, Tron (TRX), Litecoin (LTC) and Dogecoin (DOGE) were going to experience further drops on their price.
After the publication of these predictions, Bitcoin dropped once again and is currently being traded around $3,650. However, they believe that the most popular digital asset could end the year close to $7,000.
Ethereum (ETH) and EOS are also expected to grow as well during this year. As per the experts, these coins are expected to experience an increase of 55% and 77% respectively. However, in January they will keep falling as the whole market.
The privacy coin Monero (XMR) is also going to grow 31%. XRP, the second largest digital asset in the market will also be growing this year, up to 44%. Nevertheless, it will not be able to skip the bear market in January. Ben Ritchie, the COO of Digital Capital Management, commented about this year:
“Two things to look out for in 2019 will be whether we will see a decoupling of the cryptocurrencies, as to date they have trended in a relatively similar manner. The second is the impact of the traditional markets on cryptocurrencies. Will bitcoin rise if the S&P drops?”
He went on saying that these indicators show that, with increased network participation, the crypto market will be stabilized and it will start to grow during this year. Furthermore, institutional products such as Bakkt and the approval of an ETF could have a positive impact on the price of virtual currencies.
The methodology used in this interview does not provide any clear answer about what will happen with the cryptocurrency market. Each of these participants had its own interest behind and reflected it on the answers given.
Jimmy Song said that these are ‘more or less’ random results since it is hard to predict what will happen without knowing what will happen in the middle.