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

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Stellar XLM EOS
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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

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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Top 3 Coins to Buy Before They Go Big

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coins
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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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