Following the spike in the emergence of different Artificial Intelligence (AI) models, crypto enthusiasts seemed to divert their attention toward these AI tools’ crypto price predictions. In the latest development, Stellar’s (XLM) futuristic price forecasts at the end of 2023 got revealed by ChatGPT.
What Is ChatGPT Saying About XLM Price Projections?
ChatGPT failed to mention any concrete price prediction for XLM, citing various factors that could positively influence the token’s price surge.
Per the AI chatbot, increased XLM adoption by top financial institutions and other entities, regulatory support, a partnership that could improve liquidity and usage, regulatory clarity, etc, would undoubtedly boost XLM price.
Read Also: Coinbase Wallet Will Stop Supporting BCH, XRP, ETC, and XLM from Jan. 23. Here’s why
XLM Price Predictions From Other Sources: Bearish or Bullish?
XLM price forecast at the end of 2023 got sourced from Google’s Bard; the machine predicted an impressive bullish selling price though not as significant as 2021.
The price predictions by Google’s Bard noted an average market worth of $0.10, with an average low and an average high of $0.08 and $0.12, respectively, at the end of 2023.
On its part, Coincodex expects XLM to drop by over 15% in value to reach the $0.081 price level.
Meanwhile, a short-time price projection was obtained from PricePrediction, a top crypto price monitoring platform, having considered significant variables like moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), etc.
Forecasts from the PricePrediction site noted that XLM would maintain an average price of $0.11 in July while trading between a maximum and minimum market cost of $0.11 and $0.098, respectively.
Read Also: Ripple CTO David Schwartz Takes a Dig at Stellar Lumens to Show that XRP is Bigger than XLM
XLM Price Forecasts Seem Impressive: What Could Be Responsible?
Based on multiple findings, Stellar reportedly gathered significant momentum following announcements that Coinbase, one of the top crypto outlets, recently introduced support for USD Coin (USDC) on the Stellar network, delivering near-instant and low-cost transactions in over 180 nations globally.
Analyzing Stellar (XLM) Price Movements
Technically, XLM seemed to maintain trading relatively above the 200-day simple moving average, which could be considered a positive indication of XLM price pattern.
Per CoinCapMarket, Stellar’s price today is $0.09722, reflecting a spike of 1.07%. In the past 24 hours, XLM recorded a price high and a market low of $0.09782 and $0.09515, respectively, implying stability in the asset’s price.
More impressively, XLM was said to record 15 positive trading days out of a possible 30, which accounted for a remarkable 50% of the period.
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