Stellar Lumens (XLM), a crypto asset designed for cross-border payment, which is a direct competitor to XRP, has emerged as a promising crypto prospect that crypto enthusiasts would want to keep tabs on, especially concerning its price movements and other significant market variables.
At the time of writing, XLM is changing hands at approximately $0.12. XLM’s all-time high (ATH), according to data retrieved from CoinGecko, is $0.876.
Taking its ATH and the present crypto market state that seemed to be painting most crypto price charts green, it is safe to say that a $0.5 price mark is not a ridiculous target for XLM before this year ends.
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With the above in mind, we deemed it fit to inquire about the XLM price trajectory for the end of 2023 from Bard, Google’s artificial intelligence (AI) chatbot.
What Does Bard Think About The XLM Price Movement?
Bard acknowledged that it would be tricky to state precisely whether XLM would hit a $0.5 price level before 2023. The chatbot cited the crypto market’s high volatility and other external influences as hindrances to naming a specific price target for the token.
However, Bard seemed to concur that a $0.5 price level is achievable before the end of 2023 for XLM, judging based on current trends and other market analyses.
Stellar Lumens (XLM) Could Skyrocket If – Bard
The AI model highlighted some significant factors that could be crucial in ensuring that XLM witnesses increments in price before this year elapses. Among the identified factors, Bard underscored XLM’s rising adoption rate and scored partnerships, especially with financial outlets, to be the most significant driving factor.
The chatbot also noted technological advancements as another significant factor. Per Bard, technological improvements aimed at enhancing scalability, security, and interoperability would make Stellar Lumens attract more users.
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Read Also: XRP, SHIB, XLM Required To Make $1M, $5M, $10M If XRP, SHIB, and XLM Hit Their All-time Highs
Other noteworthy factors include regulatory clarity, market sentiments, and the coin’s community support. Bard noted that all these drivers could also be in a negative sense if they are not aimed at improving Stellar’s ecosystem and making the coin more attractive.
The artificial intelligence model concluded its perspective on XLM’s price trajectory by re-emphasizing the volatility associated with the crypto market and how it could interfere with XLM’s price movement.
Bard noted that investors should weigh potential risks and gains by doing adequate research before investing in any crypto project.
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