Prominent cryptocurrency analyst EGRAG Crypto has made a bold price prediction for Stellar Lumens (XLM), forecasting its value to reach $2–$3 soon.
EGRAG’s optimistic projection builds upon his bullish stance over the past three years. His most recent analysis has reignited discussions surrounding XLM’s long-term potential as a transformative digital asset.
#XLM to $2–$3 EASY! 💪💸:
For 3️⃣ solid years, I’ve been calling it loud and clear: #XLM will make the haters SQUEAK! 🐭💥
The moment is near, and soon, disbelief will turn into awe as this rocket launches in phase 2#XLM WILL MAKE HATERS SQUEAK MORE NOW🐭💥 pic.twitter.com/zHWqwPUUgR
— EGRAG CRYPTO (@egragcrypto) December 12, 2024
The technical analysis shared by EGRAG Crypto includes a detailed chart illustrating historical price movements and projections for XLM. The chart highlights two notable surges in XLM’s price history, each achieving gains exceeding 3,000%.
Drawing parallels from past performance, EGRAG identifies the current phase of the market cycle as primed for another exponential rally. The projection aligns with a channel-based trend analysis, suggesting a significant upside potential that could lead to a price target between $2 and $3 by March 2025.
EGRAG’s analysis further supports his sentiment that skepticism surrounding XLM will eventually give way to widespread recognition of its potential. In his words, “disbelief will turn into awe as this rocket launches in phase 2.” This confident tone resonates with his long-standing belief in XLM’s ability to overcome market challenges and silence critics.
Growing Support for XLM Among Analysts
EGRAG Crypto’s bullish stance on XLM is not an isolated perspective. DigitalG, a former regulated fund manager and crypto enthusiast, recently echoed similar optimism. He referred to investing in XRP, XLM, and XDC as “the greatest opportunity for gaining generational wealth.”
XLM, in particular, is often lauded for its unique use cases and partnerships, including its role in cross-border payments and collaborations with financial institutions. Its association with Stellar Development Foundation’s mission to enhance financial inclusion also bolsters its position as a utility-driven digital asset.
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Technical and Market Context
The chart shared by EGRAG outlines several key technical levels, including Fibonacci extensions and resistance zones. These indicators suggest potential price targets for XLM, reinforcing the possibility of substantial gains if historical patterns are repeated.
EGRAG Crypto’s forecast of XLM reaching $2–$3 reflects a highly optimistic outlook for the asset, underpinned by historical trends and technical analysis. Coupled with growing support from analysts like DigitalG, this sentiment positions XLM as a potential frontrunner in the next wave of cryptocurrency adoption.
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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