THE price of cryptocurrency Stellar has soared 253% over the past year.

The cryptocoin, also known as XLM, has benefited from increased interest in cryptos this year and the search for the next Bitcoin.

XLM is described as a "distributed, hybrid blockchain"
XLM is described as a “distributed, hybrid blockchain”Credit: Alamy

Cryptocurrency prices hit record highs earlier this year amid interest from high profile individuals such as Elon Musk and more institutional investment in the sector.

The most valuable coins are Bitcoin and Ethereum but there are lots of alternatives or altcoins aiming to benefit from crypto interest.

Values can be volatile though and regulators have warned that investors could lose all their money.

We reveal price predictions for 2021 – and whether XLM could reach $1.

What is XLM?

XLM was launched in 2014 by Jed McCaleb and Joyce Kim after both left rival cryptocoin Ripple amid disagreements over the company’s direction. Source XLM price prediction 2021: Can the crypto reach $1? (the-sun.com)

By block head

Block Head is a blockchain journalist.