Stellar (XLM) captured significant attention in recent weeks due to its amazing rally. Currently trading at $0.4819, XLM has dropped 6.15% drop in the past 24 hours. However, its staggering 428% growth over the past month has spurred bullish sentiment across the crypto community.
The market is currently on a historic run, and to see if XLM will join the market in what could be the biggest bull run in history, we consulted ChatGPT for its outlook on XLM’s value by December 31, 2024.
According to ChatGPT, XLM could reach $1 by the end of 2024. This projection marks a significant 107.5% increase from its current price, which would propel the cryptocurrency past its all-time high of $0.9381, recorded in January 2018. While such a surge may seem ambitious, ChatGPT outlined several factors that support this prediction.
Adoption in Peer-to-peer Payment Systems: ChatGPT emphasized that XLM’s increasing adoption in payment systems is a major driver behind its bullish projection. Stellar has partnerships with major firms like MoneyGram and has made significant strides across the globe, literally saving lives through blockchain technology. If this adoption grows, there is no telling how high XLM can climb.
A Shift in the Regulatory Environment: ChatGPT also noted that the shift in the U.S. regulatory market could help XLM grow. Donald Trump has nominated Paul Atkins as his SEC Chair, and once Gensler leaves on January 20, Atkins could help Trump implement pro-crypto policies and aid market growth.
Ecosystem Expansion: Another factor cited by ChatGPT is an expansion of the Stellar ecosystem. Solana and XRP have performed spectacularly, as their ecosystems are growing due to increased attention and the launch of meme coins on their networks. If XLM can expand its feature set, it could attract more users and grow its ecosystem.
Macro Trends in the Crypto Market: ChatGPT also pointed to broader market trends as a potential tailwind for XLM. If the cryptocurrency market continues its upward trajectory, assets with strong fundamentals like XLM would perform well. The anticipated entry of institutional investors and increased adoption of blockchain technology could further amplify this trend.
XLM’s recent performance has been spectacular, and if it can sustain the momentum, it could hit $1 by the end of the year as ChatGPT predicted.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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