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Here's Why Stellar (XLM) Could Soon Catch Up To Ripple (XRP) - Global Coin Report
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Here’s Why Stellar (XLM) Could Soon Catch Up To Ripple (XRP)

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Stellar (XLM) is up close to 40% over the last twenty-four hours against its USD counterpart and is up close to 900% since the start of December. This is a coin that is picking up a huge amount of speculative attention right now, even against a backdrop of weakness in some of the more established cryptocurrency markets, and the extra attention is translating to some pretty substantial volume spikes. In the last twenty-four hours alone, more than $670 million dollars’ worth of XLM changed hands.

What’s driving this action and where do things go next?

Before answering, it’s worth delving into the history of this one a little bit.

Most reading will likely be familiar with Ripple (XRP). For those that aren’t (and for those that are, but aren’t familiar with its history), it was initially conceived by a guy called Ryan Fugger who, after a couple of years of working on the project, handed it over to Chris Larsen and Jed McCaleb.

XLM Daily Chart

XLM Daily Chart

In 2014, McCaleb left Ripple to form Stellar. It was initially set up based on the Ripple protocol but subsequent to a fork in the Stellar network, has since been based on what’s now called the Stellar Consensus Protocol (SCP).

So what’s the difference between Ripple and Stellar?

Well, both are designed as systems through which two or more parties can conduct cross-border payments, quickly and cheaply. Both employ a native cryptocurrency (for Ripple, it’s XRP and for Stellar, it’s XLM) and these coins are used for a variety of things – transaction fees, DDOS protection, etc.

Where they differ, however, is in their respective intended use cases.

Ripple is going after the big banks. The company wants its platform to form the base of cross-border exchange between one financial institution and another, replacing the current systems (primarily SWIFT) and, in doing so, removing the inefficiencies associated with these existing processes. And as major news outlets are reporting in the press subsequent to XRP’s huge run over the last few week, Ripple is being somewhat successful in its efforts.

While Ripple is going after financial institutions, however, Stellar is going after a much more individual use case. It’s still based on a cross-border exchange type platform and it’s still designed to facilitate quick and easy exchange and transfer but, in Stellar’s case, the parties on either side of the transaction aren’t global financial institutions.

Instead, they are individuals from developing countries that want to send money back to their families. They are small businesses in struggling economies that want to transact on a global scale but that can’t gain access to bank accounts of traditional exchange mechanisms. In line with this vision, Stellar is also set up as a non-profit entity.

Is the non-profit element a red flag?

No. If you were asked to buy shares in a non-profit company, you’d turn that down (if you are looking to make a return, that is). When you buy XLP, however, you’re banking on the success of the platform in terms of adoption, not how much money the company behind it makes.

So what’s driving the action now?

Well, people are looking at what Ripple has achieved and are assuming that Stellar can do the same. The technology is, after all, similar, and Ripple is proving that it can work on a global scale. If Stellar can follow in Ripple’s footsteps and start to prove the market for this sort of platform in an alternative use case, there’s no reason XLM can’t catch up to XRP during 2018.

Of course, XRP has some hurdles to clear before it does this but, given what both companies have achieved to date, it’s far from an unreasonable suggestion.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Stellar.

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Why Bitcoin (BTC) Revival is Likely to Continue

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Bitcoin (BTC) revival
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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin

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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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