Blogs

Reasons Why Ripple (XRP) and Stellar (XLM) can Both Win

Published

6 years ago

July 5, 2018

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.

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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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

January 25, 2021

chainwire

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

3 years ago

December 31, 2020

Paul Wilson

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

December 24, 2020

chainwire

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…