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NEM (NEM) or Ripple (XRP), which cryptocurrency is the best bet right now?

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NEM Ripple XRP
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There is no denying that Ripple (XRP) and NEM (NEM) have been gaining popularity even in the murky waters of cryptocurrency. There are more than 1500 virtual currencies and blockchain platforms in the market today, making it a confusing activity to a beginner to know which coin they should select and invest in aside from the popular Bitcoin.

Some of the digital coins that have stood out from the pack include Ripple (XRP) and NEM that have won the hearts of many investors. However, there a lot of traders and investors who are not sure which one they should invest in.

Here in this article, I intend to have a closer look at these two digital coins and try to determine which one of them is better than the other, and which one has a higher chance of reaching the coveted 5 US dollar mark target.

So, if it came down to choosing between Ripple (XRP) and NEM, here are some facts you might want to consider to assist you in making the best investment decision.

NEM (XEM)

Although still new in the cryptocurrency sphere, NEM is quickly evolving and making a name for itself by providing much-needed business solutions.

Described by many crypto enthusiasts and pundits as the new cool kid in the block of virtual currencies, NEM is not only performing better than most virtual assets in the market but also proving to be superior concerning technological advancements and functionality.

What this blockchain technology and currency do is allow businesses and individuals to securely store data and information unlike other cryptocurrencies such as Bitcoin, which store data and information belonging to their investors.

The NEM platform can effectively secure any file or document a user can store on their personal computer. What this means in simpler terms is that your data and information which you chose to save is kept protected with little or no chance of external tampering.

Using the NEM’s blockchain technology, users can rest assured that their file structure is safe and would remain in its original format.

A new set of codes are the ones responsible for the development of NEM, that has not been witnessed before in other codebases developed cryptocurrencies that are in existence.

Although NEM has not been in the crypto market such a long time compared to other virtual currencies like Ripple (XRP), it has managed to beat the odds of impressing various investors. This can be backed up by the fact that its price value has managed to maintain an upward trend in the recent past.

Currently, the value of the digital coin is at $0.10236 per token, currently in the green zone on CoinMarketCap.

Ripple (XRP)

Just like NEM, Ripple is also a different type of cryptocurrency in the market, as it specializes with financial institutions and banks by facilitating international payment transfers at low-cost fees regardless of the geographical topography or currency in use. Ripple also deals with other virtual currencies such as Bitcoin in their dealings.

Concerning consensus, Ripple (XRP) in comparison to Bitcoin reaches consensus faster working to its advantage in onboarding influential and prominent clients such as Bank of America, UBS, BMO among many others.

Unknown to many, Ripple (the company behind XRP token/cryptocurrency) is older than Bitcoin. Yes, you heard that right, Ripple is more former than Bitcoin as its initial release was created in 2004 although it was released in 2012.

Comparison between Ripple (XRP) and NEM

Concerning price appreciation, both digital coins have managed to record impressive results as they have surged upwards by over 1000 percent in the last 12 – 14 months. It is due to this one fact that is making it hard for investors to make up their minds in choosing between these two promising virtual currencies.

Concerning price value, both digital coins, Ripple’s XRP and NEM are attractive as they are both still affordable. For an investor wishing to invest in either of them, my take would be to diversify between two, to position yourself at a vantage point of benefiting from both of them.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Michał Parzuchowski via Unsplash

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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