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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
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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.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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.
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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.”
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