What can influence the future price of Stellar XLM

The main purpose of Stellar XLM is to be an intermediate exchange currency within the Stellar platform. So, to understand XLM potential, we have to consider the potential of the platform itself. The possible price growth of Stellar XLM can be determined by several factors:

Partnerships – The project collaborates with many non-profit funds related to cryptocurrency platforms and blockchain projects. In different countries all over the world, companies use the Stellar platform to provide access to users from developing countries.

What can influence the future price of Stellar XLM

IBM collaboration – IBM has launched a World-Wire on the Stellar network – a global payment system for 47 currencies and 72 countries. It has already locked in 6 banks that will issue stablecoins and use the Stellar blockchain. Such a successful case with a tech giant can attract more potential partnerships and collaborations in the future.
A limited number of coins – In October 2019, Stellar has updated their protocol and eliminated the inflation mechanism, which didn’t satisfy their expectations. A limited number of coins in circulation will stimulate the demand for the digital currency, which may lead to price growth.
Bitcoin movements – like many other altcoins, Stellar Lumens is dependent on the Bitcoin price and the general trends of the cryptocurrency market. So, we recommend you follow the price of the original cryptocurrency to stay keyed into the bigger picture.

Store Stellar Lumens on Freewallet

If you are looking for a place to store your XLM, try Freewallet Crypto Wallet:

Store XLM and 150+ other cryptocurrencies in one place. Available on iOS, Android and the web.
Buy BTC, ETH, LTC, XRP, BCH, TRX and BNB with your credit card.
Seamlessly exchange Lumens with other cryptocurrencies right in the wallet.
Make free transactions with other Freewallet users.
Monitor the price of a coin in the wallet and see your balance in fiat currencies. You will be kept in the loop regarding all exchange rate movements.
Protect your cryptocurrency with high-grade security features, including 2FA, multi-sig and transaction limits. The majority of assets are kept in cold storage. It guarantees that your coins won’t get lost or stolen.