Connect with us

Blogs

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

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite