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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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