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

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Stellar XLM Ripple XRP
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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