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

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