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

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Ripple Stellar

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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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

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

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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 been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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