There are a lot of people in the crypto world who are firm believers that Ripple (XRP) and Stellar (XLM) cannot coexist. According to them, one has to outperform the other in order for one of them to win. However, this might not be true, and there are some suggestions that the two coins can actually exist and work side by side, instead of one having to beat another.
XRP and XLM
The crypto space is huge, and it continues to grow with every passing day. With a new world of that size, it is ridiculous to think that two coins cannot coexist with each other. Still, this is exactly what many believe when they look upon Ripple (XRP) and Stellar (XLM).
Currently, Ripple’s price is $0.41, while the value of Stellar is at around $0.20 per coin. There are many other things to compare regarding the two except for their prices, however. For example – their market caps. Ripple’s currently exceeds $19 billion, while Stellar is below $4 billion at the moment. The numbers have changed within the last six months, but the situation remains pretty much the same whenever you decide to compare the two – Ripple’s market cap remains almost five times bigger than that of Stellar, while its price is twice as big.
Many have noticed this as well, and they see that the two remain in some sort of balance, even though they are often considered to be rivals.
Naturally, there are even more factors that need to be taken into consideration. For example, Ripple has managed to enter a lot of partnerships with various banks and financial firms over the course of the last six months. The current number of financial institutions currently supporting ripple exceeds 70. This is a clear sign that Ripple’s products have a real-world value and a lot of support from some of the biggest name in the financial industry.
Stellar, on the other hand, has managed to enter some important partnerships as well. However, it has still failed to benefit from them. Not to say that there are no benefits at all, but it is obvious that Ripple is still gaining more than XLM from its own partnerships.
Differences between the two coins
One of the larger differences between them includes the teams behind coins. Ripple is known for being comprised of individuals with strong backgrounds as investment bankers, as well as executive of big enterprises. Stellar’s team, however, reminds more of a group of entrepreneurs who are launching startups.
The reason for this might be the fact that Ripple is interested in becoming the lead coin in bank transfers, while stellar targets individual use cases that are to be used by individual consumers.
Some even believe that the reason why these two are so much different is the general amount of exposure that they are getting. Ripple, for example, is known throughout the world. It doesn’t have Bitcoin’s popularity as of yet, not even the one that Ethereum has surrounded itself in. However, it is well-known by most mainstream news outlets that have ever touched upon finances in their reports.
Stellar, however, has remained unnoticed for a long time, and it has just recently started making headlines. Despite this, this coin has a lot of work to accomplish before it reaches the levels of exposure that Ripple has right now. This will be a long process, but if the coin can endure the challenges and continue to gain exposure, it might eventually reach or even exceed Ripple.
Of course, both coins have their strengths and weaknesses, and we do not suggest running to the first exchange and getting rid of XRP in order to buy XLM. The decision which coin to support falls on the investors themselves. However, the fact remains that XLM is not a dying coin that has no future. It will just take time and proper moves in order to make better-known on the wider scale. Once that happens, the two coins can, and will, be capable of coexisting.
For the latest cryptocurrency news, join our Telegram!
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 Pexels
How Can Foreigners Get Loans in Singapore
Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.
At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary.
What defines a foreigner in Singapore?
A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…