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NEM (NEM) vs Ripple (XRP): Which crypto you should invest in?

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NEM Ripple XRP
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In recent past, both NEM and Ripple have been gaining a lot of popularity, and as a result, somehow confusing potential investors as to which is the best cryptocurrency of the two they should invest their money in. In this article, we will try and dig deeper into the lives of these digital currencies to conclude which one you should buy.

NEM

NEM is quickly emerging as the preferred virtual currency that provides businesses and individuals new information and data security functionalities. Some crypto analysts describe it as the new kid on the block of cryptos, taunting it to be better than most currencies regarding technological features and advancements.

Unlike Bitcoin which is known for storing information of its investors, NEM allows users and businesses to store data and information securely.

The main benefit of this digital coin is that it allows any file or any information to be secured on your PC. What this means is that you have the privileges of storing your data and information protecting it from any tampering or changes in the file structure.

NEM is different from other existing coins that were developed using codebases as it uses a new set of codes that are not present in the other selected currencies. Although not being as old as most digital currencies, NEM is showing a lot of potentials and impressing many investors.

Ripple (XRP)

On the other hand, Ripple (XRP) is also a different currency that provides a protocol for most financial institutions to transfer their money across borders. Individual investors are also able to move money using Ripple to anywhere around the world.

One of the significant advantages of Ripple is that transactions are done and completed at near instant speeds. Moreover, the transaction costs are far lower compared to other virtual currencies.

More and more financial institutions are warming up to Ripple and using their network to initiate international payments. Currently, the cost of transferring money internationally without utilizing the Ripple protocol is significantly high. But thanks to the Ripple blockchain technology, the prices have been substantially reduced, in turn increasing XRP’s value significantly.

Ripple has a broad partnership portfolio with influential industry players and unlike Bitcoin is, it has a faster method of reaching consensus. Some of the big brands XRP has partnered with include the likes of Bank of America, UBS, Santander, and BMO.

The Brief Comparison

In the last 14 months or so, both digital coins have shown tremendous progress by appreciating by over 1000% in value. This is one of the reasons behind the confusion investors are having in choosing between them.

Ripple’s price is attractive as it is still affordable. Also, XRP is offering banks with enough liquidity to match their needs with almost ten trillion of float in nostro and vostro accounts. Many analysts argue that it is an inefficient model believing the platform is the future due to its design nature to capitalize on the liquidity need.

On which one is the best currency to invest in, it’s going to be a good idea to diversify between them to position yourself to reap from the rich dividends from both of the coins. But yes, in case, I’d need to favor only one out of the two in question, I would go with Ripple as things stand currently.

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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.

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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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crypto credit cards
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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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