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You think Ripple (XRP) and Stellar (XLM) are competitors? Think again.

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Ripple (XRP) and Stellar (XLM) are top cryptos in the entirely. Even with the fierce rivalry that occurs in the cryptosphere with many altcoins expanding, it is necessary to know that Stellar (XLM) and Ripple (XRP) have magnificent structures that separate them from competition and help them succeed on their own.

However, both Stellar (XLM) and Ripple (XRP) are not in competition with each other; instead, each of them has its very own ways to win in the cryptosphere. The main point is, both of them can thrive together.

The market position and price of Stellar (XLM) and Ripple (XRP)

XLM and XRP aren’t highly priced, and this makes them the best option for mass adoption. However, with the great expansion of altcoins in the crypto market today, lots of investors are only interested in the value and gains that each cryptos present.

However, it is necessary to know that the increasing rate of altcoins in the cryptosphere is since Bitcoin (BTC) has lots of shortcomings and new altcoins are looking for ways to correct these failings, and XLM and XRP are top-picks that give solutions to real-life problems.

Furthermore, XLM and XRP are coins that aim to adopt a large number of investors; as it stands, both of them do not have any form of competition or whatsoever regarding services rendered and the number of investors being targeted. On the other hand, investors know what they want, and they are sensitive to the worth of each crypto not just on their current price, but on a long-term perspective.

Both cryptos have appealing entry points for different types of users. At the time of writing, XLM is priced at $0.18809 with a market capitalization of $3.5 Billion. XRP, on the other hand, is currently priced $0.44797 with a market capitalization of $17.5 billion – clearly, Ripple (XRP) has a more significant market capitalization than Stellar’s XLM in the crypto market.

Even though there is a big difference in the market capitalization of these two, there isn’t any form of competition. Ripple (XRP) is being adopted by banks to solve real-life problems, and there are more than 100 banking entities that have embraced the cryptocurrency presently. This feat is making Ripple (XRP) a futuristic cryptocurrency.

Stellar (XLM) has not achieved much when it comes to partnerships (IBM seems to be its biggest lead so far). Although, the kind of collaborations that Stellar (XLM) does is different from Ripple (XRP).

Both coins have different goals that set them apart

Stellar (XLM) and Ripple (XRP) are not in competition because of the fact that both of them have different goals, and they operate differently. Stellar’s developers aim to help startups, while the team behind Ripple objective to partner with banks.

These two goals are quite different; it distinguishes them and state what each has to offer. Additionally, we are safe to say that both Stellar (XLM) and Ripple (XRP) co-exist together and thus, there is no rivalry. Investors have the final say on which has the potential of booming in the future.

Both are cheap right now, Ripple (XRP) went down by 7.9% in the last seven days and Stellar (XLM) got declined by 9.35%, so from an investment point of view, it’s the best time to purchase both at low price in bulk considering that both have tremendous potential to grow and perhaps none of two might be this cheap again.

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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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