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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

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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.

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

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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.

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