AI Predicts Stellar (XLM) Price for End of 2024

Stellar (XLM) has seen a bullish trend, paralleling the broader cryptocurrency market, with its Lumens gaining across various charts. AI predictions suggest continued upward momentum for XLM, coinciding with its push to challenge Ethereum (ETH) by launching a smart contracts platform for dApp developers.

🚨BREAKING: @STELLARORG $XLM CAN NOW HOST SMART CONTRACTS OWING TO LAUNCH OF SOROBAN PLATFORM

— BSCN Headlines (@BSCNheadlines) March 19, 2024

AI algorithms analyzing historical XLM price movements and Bitcoin (BTC) halving cycles estimate XLM reaching $0.410633 by the end of 2024, a 204.85% increase. CoinPriceForecast predicts a more conservative $0.15 (+11.36%) price for Stellar by the end of 2024, with 2025 forecasts ranging from $0.16 to $0.17.

ChatGPT and Anthropic AI models offer estimates from $0.121 to $1.50, highlighting XLM’s growth potential. These predictions coincide with Stellar Development Foundation’s $100 million investment in its Soroban platform for dApp developers, aimed at competing with Ethereum.

The predictions generated by AI models and platforms for Stellar’s price can potentially impact its market value in several ways. Firstly, optimistic forecasts may instill confidence in investors, leading to increased demand for Stellar (XLM) tokens. This heightened demand, coupled with limited supply, could drive up prices in the market.

Conversely, if predictions fall short of expectations, it may lead to selling pressure as investors adjust their positions, causing a temporary dip in price. However, it’s important to note that market sentiment, broader economic factors, and technological developments also influence price.

Ultimately, the accuracy of these predictions and their impact on Stellar’s price will depend on how well they align with actual market conditions and investor sentiment over time.

Key XLM Levels to Watch – March 27

Over the past few days, the price of Stellar (XLM) has experienced a notable uptrend. Following a previous decline, the price found support around the $0.120 mark, coinciding with a test of the Lower Bands of the Bollinger. This technical indicator has proven pivotal in supporting the market’s upward trajectory.

Notably, on March 24, as the Bollinger band was tested, the Stochastic oscillator indicated an oversold market condition, signaling a potential buying opportunity. Moreover, on the 25th, the price surged above the Moving Average within the Bollinger Bands, further affirming the upward momentum.

These observations, alongside other indicators, suggest a bullish sentiment in the market, with indications favoring long positions for crypto signals. Speculators anticipate the price to continue its rally, aiming to surpass the previous high of $0.160.

XLM/USD Key Levels

Demand Levels: $0.1170, $0.0950
Supply Levels: $0.1630, $0.1920

XLM Metrics

Total Market Cap: $2.67T
XLM Market Cap: $3.9B
XLM Volume (24h): $122M
Rank: 35

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.