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Can Stellar (XLM) replace Ripple (XRP) in the market?

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As we know the crypto sphere, there are several coins in the market competing to conquer the same target; one of the reasons why most of the times we tend to confuse or relate a coin with another. In this matter, there are plenty of cases like this in the sector, but one that has mainly been sounding since so long is the case of Ripple (XRP) and the Stellar Lumens (XLM); two coins with great potential and under the gaze of many people in the industry.

Much has been said regarding whether Ripple (XRP) or Stellar (XLM) would be the coin that finally manages to seize the market and become a global solution, but are they really that comparable? For the one hand, we know very well that Ripple envisions to become a solution for the banking sector, and on the other, we understand Stellar was actually built to resolve the problems Ripple has shown, so are we talking about the same purpose? If so, which coin is going to get it first? Let’s see how it goes!

The current market for both cryptocurrencies

As of the moment Ripple (XRP) figures as the number 3 coin in the market according to Coinmarketcap. It has a market capitalization of $24,425,927,006, a value per coin of $0.62245, and a total trading volume of $263,052,000 in the last 24 hours.

Just like the other coins in the market, the cryptocurrency has been suffering notable dips in the last couple of weeks (just turned to greed today as it increased in value by 1.70% in last 24 hours), even having right now a value 31 percent lower than its highest of back in January when the coin was valued at the historical price of 3.84 against the US dollar. However, experts prognostic that the coin is incredibly likely to go bullish in the near future overcoming the current panorama of the sector.

On the other hand, we have Stellar Lumens (XLM), a crypto that according to Coinmarketcap is in the position number 8th of the market. Stellar possesses a market capitalization of $5,404,601,916, a value per token of $0.29089, and a total trading volume in the last 24 hours of $61,737,600.

In this matter, it seems like Stellar has a better position. Even though its main counterpart Ripple, has a bigger market cap, Stellar Lumens have behaved better in the current bearish moves of the market. In fact, the Stellar token has only decreased a 5 percent compared to its highest value also reached in January of this year.

Partnerships of the tokens

Both Ripple (XRP) and Stellar (XLM) are fighting closely in order to get global. In this matter, although both of the coins have managed to engage with powerful connections, one that is particularly remarkable and potential is the one that Stellar has with the giant of the technological and consulting, IBM.

Like this, if the joint efforts deliver results, Ripple may be at a checkmate position, as Stellar may get sooner to the top and become the global solution Ripple is aspiring to. In addition, Stellar has become a very reliable token, despite its slow growth the coin represents a safer choice of investment and that’s for sure a disadvantage for Ripple (XRP) against Stellar (XLM).

Nevertheless, a significant move that simply can’t be left behind is the outstanding global partnering labor Ripple (XRP) has been doing, a fact that can’t be matchable, not even with the amazing collaboration of IBM and Stellar. In fact, even though the Stellar coin seems to behave better in market terms, when it comes to the presence in the industry Ripple has the lead, even more with the recent developments on its product xRapid, a solution for liquidity in the financial sector.

Conclusion

Each one of the cryptos seems to have the edge from a certain point of view. For instance, Ripple (XRP) has the lead if we count the presence of the market, the market capitalization, value of the coin, trading volume, and such.

But if on the other hand, we take a look at Stellar (XLM) the Lumens seem to be more reliable and because of that more worthy of investment, and this without talking about the immense possibilities of the partnership with IBM, a fact that for sure is an amazing advantage.

Nonetheless, both have chosen to reach different goals. In the case of Ripple, the banking sector, and in the case of Stellar, unbanked individuals. In this matter, it seems easier for Stellar to become global; however, this will only happen if it manages to have great momentum.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of TeroVesalainen via Pixabay

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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