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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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