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The battle between Stellar Lumens (XLM) and Ripple (XRP)

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Stellar Lumens Lately

Stellar Lumens (XLM) have not been having a good time. Their coin went down until last week when it recovered as the Mobile currency used the Stellar Consensus to raise money; they got $30 million which brought attention and traffic in Stellar Lumen’s way.

Stellar’s recovery went all the way through last Friday, with their cryptocurrency on the lead. They even enjoyed gains. Their market value is now at $415.5 billion with a volume worth 27.4 billion.

Mobilecoin’s choice for quick transactions is Stellar Consensus. This coin allows for mobile payments to come together with messaging apps like WhatsApp and Signal. Mobilecoin is still a Canadian startup but enjoys the support of prominent players like Binance Labs. So, the initial ICO has done well, selling tokens through Ethereum.

The partnership between Stellar and Mobilecoin benefits the cryptocurrency a great deal, as shown by the way the pice has increased recently. Stellar will also benefit by being the coin that goes along with messaging apps. This will be a first outside China: an altcoin that works for money transfers in instant messaging apps.

According to Coinmarketcap, Stellar Lumens has been the best performer recently. It’s had a 16% increase in price, which is unparalleled by other coins right now. It went from $0.36 to $0.43 in a matter of days (10% growth in last 24 hours alone). Mobilecoin integration prompted this but experts expect even more. Here is why.

Reasons why Stellar Lumens will continue perming well

Stellar Lumens does not grow by earnings but by inflation. This means it makes the unavoidable laws of economics work in favor of users. The firm proclaimed that 100,000 new coins would be given out to coin users every week. That is distributed according to inflation rates and Lumen’s user members. No charges at all.

Then there’s usability. Stellars is about to join Lobster, and this means that users can get an account and become instantly able to trade Smartlands, KIN, Mobiu, and Terino at the touch of a smartphone’s click. It works on iOS and Android. It’s simple and easy to use. And, the e-wallet is safe because it allows for fingerprint and Pin verification.

Then, there’s the Repo’s coin airdrop, which has also made fans out of neutrals. Repo’s platform uses Lumen Consensus to get rid of the traditional ERC20 protocol. It solves non-payment issues, and the same technology solves the problem concerning securities by debtors.

A user would need to own at least 3 XLM to qualify for an airdrop, but every user who does could get $100 worth of coins in their wallet. This attracts new users and investors.

Ripple vs. Stellar Lumens

Both Ripple and Stellar have been in the top 25 always. They hold great potential which is not surprising when you realize they were both created by Jed McCaleb. But each answer to different questions, which is why they compete with each other (for the market share, and not the services provided). They are both performing well, but it would pay off to understand how they came to life.

The point in Ripple was to create faster, cheaper international transactions among institutions. Stellar was built using Ripple as a foundation. Actually, the point in Stellar was to improve Ripple and fix the problems it had. It eventually became a cryptocurrency on its own.

But Ripple has become quite successful, and many institutions have adopted it to do payments and transfers using it. It’s slowly becoming the means for international money transfers. Stellar’s coin also allows for that, so it’s been undermining Ripple’s markets slowly.

Ripple remains a lot more popular as institutions all over the world adopt it for transactions, internal or international. But Stellar performs better, especially over the last week. And chances are it will do even better as Lobster wallet integration and the Repo airdrop becomes real.

Still, be alert. Ripple could make a bold move that changes everything.

Keep an eye on the market because Ripple could seriously challenge stellar Lumen’s superior performance. If you are looking to invest in either currency, do your proper research first.

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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 BagoGames via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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.

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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