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Stellar (XLM) and Ripple (XRP) Comparison

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Ripple
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During this turbulent period on the cryptocurrency market, many tokens and coins are experiencing drops, while some currencies seem to be having better luck: Stellar and Ripple have been experiencing a series of rises, which brought these tokens into the spotlight of attention. While Ripple and Stellar are doing well when observed separately, given the fact that more opportunities are on the rise for these currencies, we cannot help but wonder how well are they doing when compared to each other. Let’s see which one of these currencies have more chance to continue with this pace of growth and how well Stellar and Ripple are performing.

Talking About Performance: Ripple vs. Stellar

XRP seems to be doing pretty well when it comes to performance because more and more financial institutions and banks are getting involved in testing Ripple. Ripple is on this occasion being tested as an alternative for global money transfers. That is how Western Union has joined a long list of banks with the idea to test Ripple against their money transfer systems. Only a month before Western Union announced testing this blockchain system, Moneygram and Ripple announced a tie having Moneygram also testing Ripple and its native token XRP.  In case you have been following up with Ripple for some time now, you may remember that Ripple announced back in 2015 that it was working with Western Union, but that information hasn’t been confirmed up until this very day.

The case where we have a financial institution like Western Union testing Ripple for money transfers is only a confirmation that Ripple is much needed in the world of transactions and financial processes. There were some speculations early on when Ripple was still making a breakthrough, that using Ripple as an alternative for traditional money transfer systems would be redundant, also stating that banks don’t need blockchain technology. Having so many banks joining the list of Ripple testers tells us a completely different story which finally leads to having Ripple and XRP credited for their performance.

It should also be mentioned that it was announced only a day ago on February 14th that Ripple will be joining a pilot program for testing its performance  – Ripple will be tested by Saudi Arabia Central Banks. This is without any doubt the greatest success this blockchain system has had since it was first raised after the original drop from its all-time high. This is already the second central bank to be testing this system for performance regarding global transactions.

The first central bank to have tested ripple was the UK’s Central Bank, which occurred during the last year when this bank also started to work with Ripple.

Stellar on the other hand is looking forward to getting new investors which brings more opportunities for this blockchain system. Lots of companies are getting interested in investing in Stellar, too. This might be the result of the latest amazing performance this token has experienced in the last couple of days.

Thanks to its pace of growth measured with the latest rise in price along with the fact that Stellar was at the same time the token with the fastest recovery, rewarded Stellar with the title of the best performing coin. This way Stellar can look forward to more investors and more partnerships that will consequently make XLM’s price even higher. With the title of the best performing currency, Stellar is currently holding the 7th place on the global coin ranking list.

Stellar and Ripple Changes in Price Comparison

Stellar managed to go up for 12% against the dollar only a day ago, on February 14th, which means that investors and holders of XLM are looking forward to seeing that Stellar is getting closer to the value of 0.5$ per one unit. The current price of this token is 0.45$ with the latest change of 0.69% against the dollar, which brought in the current price from the day old total of 0.41$ per one unit.

With this pace of growth and bounce off, Stellar managed to outperform all other currencies, having the greatest step of growth in the last couple of days when compared to all existing coins.

Ripple is also experiencing benevolent changes, resulting in numerous rises, leading Ripple’s value to rise at 50% over a short period of time. This change brought Ripple back from a dreadful defeat which occurred awhile ago when Ripple fell losing its all-time high.

At the current moment, Ripple is worth 1.13$ per one unit with the latest rise of 5.82%, totaling to 50% of all rises in the last couple of days. Having XRP at the price of over a dollar per one unit back once again must be true refreshment for all investors.

How Well will Stellar and Ripple Perform in 2018?

With Ripple making a deal with major banks and financial institutions and having Stellar announced as the best performing currency at the current moment, it seems that 2018 is already doing wonders for these two currencies.

It is hard to say which one of these would win because both Stellar and Ripple are experiencing general approvals, both getting into the spotlight as some of the best performing and the most promising currencies on the crypto market. With having Ripple already going over a one dollar price per unit at this moment, we could easily conclude judging by Stellar’s performance that XLM will surely reach a price of one dollar per single unit pretty soon as well. In the meanwhile, Ripple’s investors may look forward to having XRP easily reaching a doubled price in the following month in case the rises would continue at the same pace.

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.

Image courtesy of coinmarketcap.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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