Can Stellar Lumens Reach $10 in 2022?
Lumens are the digital currency of the crypto universe. Each lumen represents a unit of digital currency. Lumens (also referred to as XLM) were introduced on the Stellar network in 2014 and have gained significant traction since then. Since the announcement of XLM trading, lumens have risen to all-time highs. They have not only exceeded the levels of the last year but also eclipsed the levels reached in 2019 before the bear market. They have also exceeded the levels reached in January of 2020 when XLM was as high as $0.087.
Now, the digital coin has broken above $1.00 and has a current value of $1.34 to exchange cryptocurrency. While lumens had an incredible 2018, the future looks good for them. The cryptocurrency community, and other observers of the crypto space, expect XLM to eclipse $10 in 2022.
Is This the Ultimate Goal of Lumens?
There are many talks about cryptocurrency rate changes. Here is what happened in the past, what is happening, and what's going to happen in the future:
In 2017, some crypto analysts stated that they had been looking to see lumens rise to $10 by 2020. They stated that, by the end of 2020, the cryptocurrency would have broken above $10 and continued rising;
Now, cryptocurrency specialists have also made their wish to see lumens go above $10 in 2022, as a prediction. They added that by 2023, they would be looking for lumens to break above $50;
At this stage in the cycle, the industry experts foresee lumens doubling in value, every 3-4 years. However, not all lumens enthusiasts are convinced that lumens would reach $10 in 2022;
Nevertheless, most lumens enthusiasts are of the opinion that in 2022, the cryptocurrency will have a strong future in the crypto space but not at the expense of BTC, ETH, LTC, and XRP if we take into account a cryptocurrency overview.
Lumens are one of many cryptos that are under the spotlight as to which will be the top cryptocurrency, but they are not being discounted as possible leaders. The market leader, BTC, has suffered a price slump but has not declined to levels of the all-time low. Some lumens enthusiasts see BTC as having experienced one of the worst slumps of its life, but it is still holding strong.
Others suggest that Litecoin (LTC), Cardano (ADA), EOS, and Tron (TRX) have more potential to surpass the market leader than Lumens (XLM), Bitcoin Cash (BCH), and Ethereum (ETH). However, lumens enthusiasts say that it will not be too long before cryptocurrencies take over the top 5 spots. Lumens are now the eighth largest cryptocurrency by market cap. That's why it is good to buy Stellar (XLM) on Changelly already today.
How Will Lumens Break the $10 Barrier?
The lumens enthusiasts who are looking forward to lumens reaching $10 are excited at the prospect of them hitting that level in 2022. Lumens enthusiasts are excited about the rise in value, but the biggest boost to lumens is the fact that they will be listed on an exchange. This will make them easier to use. It will also give a greater opportunity for users to hold lumens and increase the value of crypto coins. Many XLM enthusiasts will buy the cryptocurrency when it is more easily available.
Of course, it is possible that lumens will only reach the $10 level in 2022, but it will not be until later. In 2022, lumens enthusiasts will be able to buy cryptocurrency with lower levels of value. At that point, they will be easier to spend than they are today.
So, if you are looking to buy lumens, the best time to invest in XLM is in 2022. You can get it at a lower level of value, and you will have more room to increase the value. Buying when lumens are at $10 is like buying while they are at $0.04. You can only use so much value to buy more lumens when they are at $0.04. But you have a bigger margin when they are at $10.
Lumens can be bought when they are listed on exchanges, such as Binance or Coinbase, but lumens enthusiasts hope that they will rise in value when they are listed on exchanges. So, it will not be a major factor in the price of lumens when they are listed. It is possible that lumens will remain at the $10 level (USA/EN) until the end of 2022. They may not hit $10 until 2023 or even 2024.
