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Stellar’s XLM or EOS? Which one to pick in the long-run?

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If you’ve been aware of the cryptocurrency markets over the last six months, you surely know it’s been a roller coaster. A bearish spell follows a bullish one and all coins have been going up and down in a way that can only be described as surrealistic.

A few coins have been able to perform against the market and keep their momentum going despite the overall trends. Both EOS and XLM managed to do that last April, which would be a good reason to pay them a little more attention and consider them as long-term assets since they’ve have been trading in the green even at times when most other coins have not. So if you need to choose one, which one should it be? Let’s compare them briefly and figure out which should be considered seriously if it came to that.

Market capitalizations and prices

CoinMarketCap has EOS listed at fifth place with a $9,379,817,505 capitalization, and the digital currency is trading at $10.4668 (1.49% increase in value within last 24 hours) at the time I write this. 

Stellar is seventh, capitalized at $4,316,011,993 and valued at $0.23193 (0.81% value increase if we talk about last 24 hours). So Stellar is not as big yet, but it’s way cheaper, and that has advantages in its own because it allows to get it in bulk.

Outlook

EOS launched its Main Net earlier this month (called EOSIO) which will see it break free from the Ethereum ecosystem. It had to deal with a few issues as the launch happened, but they solved them, and the brand new Main Net is all about the long-term and becoming an entirely independent dApp platform instead of just another coin in the market.

EOS’ goal is to make the whole crypto universe cheaper, easier to use, more reliable and quicker while providing a blockchain based operating system that can support real-time applications of any kind. There are doubts about its long-term viability, but they’re on the right track, and the Main Net success is a massive step in the right direction.

Stellar is a different animal. It doesn’t aim to solve a wide variety of general problems but a single one: international transactions for the world’s international financial institutions that are still using the SWIFT system to settle payments across borders.

It’s a massive piece of the world’s financial industry, and Stellar was designed from the beginning to tackle this problem in particular. While it faces some serious competition from Ripple (which also plans to do exactly this as well), Stellar (XLM) has also acquired IBM’s support which could go a long way in making it credible for financial institutions the world over.

So you have a one-trick pony against a jack of all trades and, even worse, the one trick pony has a low trade volume that seems to imply it needs much better marketing, right? While that is true, you shouldn’t forget that specialization always pays off and Stellar has the tech and the partnerships that could see it surpass even Ripple, not just EOS.

Final thoughts

Both EOS and Stellar (XLM) are not just cryptocurrencies, but full-fledged blockchain projects and they are both excellent long-term investments for opposite reasons. They are complementary. 

One seeks to provide a full blockchain OS that can be used to solve any problem that can be solved by the blockchain technology while the other one wants to get a single problem right, better than everybody else. And there’s reason to believe they could both get their way.

So you shouldn’t go wrong by picking any of them but if you want to pay attention to the subtler points in the crypto world, then take into account IBM’s involvement with Stellar. They will be issuing their first currency using Stellar’s technology to create a carbon credit market worldwide while EOS’ most crucial application is an email service for now.

Whatever you do, make sure to do your homework, so you make an informed choice.

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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.

Image courtesy of Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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