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

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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