Connect with us

Blogs

XRP vs ETH: Which Coin Is A Better Investment?

Published

on

XRP vs ETH
READ LATER - DOWNLOAD THIS POST AS PDF

Although entirely different by nature, XRP vs ETH often comes up among crypto investors about which to own. A lot of it has to do with their position on the list of largest coins by market cap, where usually one coin tends to hold a higher rank, with the other one trying to surpass it. However, many see both as good investments, but they still have trouble deciding which coin to invest in and support.

It might help to resolve this problem if we take a look at each of them separately and see what they are trying to achieve.

XRP

XRP, formerly known as Ripple, is a coin created by a company Ripple Labs. Recently, XRP successfully took over Ethereum’s position on the list of largest coins, and it has been around a month and a half as it took over.

The coin is known for a lot of things, which also includes controversies regarding its nature and true purpose. In 2018, XPR even got targeted by centralization accusations, lawsuits, and it made a lot of headlines because of it. However, it is worth noting that it is not all that bad and that it also became well-known for its efforts to revolutionize international payment systems.

Another thing that bothers crypto purists is the fact that XRP works closely with banks around the world, and that there are over 100 financial institutions that have decided to partner up with this coin. Considering how much banks seem to mistrust crypto, this is quite an achievement on XRP’s part. Of course, banks are not approaching the coin for no reason, and the products of Ripple Labs, closely tied to XRP itself, are the real reason behind these partnerships.

As mentioned, XRP is trying to improve cross-border payments, and it does it in combination with xRapid and xCurrent. This technology is faster, cheaper, and more advanced than the old systems that banks have been using until now, which is why many of them were willing to give this particular cryptocurrency a chance.

Of course, we also mentioned that XRP was a center of controversies, which mostly revolve around its nature. Many are claiming that the coin is centralized and that its parent company manipulates it for its own gain. However, the company continues to deny this, and several of the lawsuits against them have already been dismissed. In combination with the firm’s efforts to show that XRP is decentralized, this makes it clear why the coin is popular with banks, and why it might be a good investment for 2019.

Ethereum (ETH)

As for ETH, this is one of the most important coins in the entire history of cryptocurrencies. It was launched in 2015, and it is the coin that has a different purpose. Instead of using it as digital cash, its developers decided to make a platform for further developing crypto and expanding the possibilities of blockchain itself.

As a result, Ethereum is now the primary representative of the second generation of crypto, and a coin that has made dApps and smart contracts possible and accessible. Since then, many new tokens and dApps were created on ETH blockchain. A lot of people believe that this is why Ethereum managed to rise to greatness, and to be the second (currently third) largest coin for most of its history.

Its daily usage is larger than that of most other cryptocurrencies, although it’s largest competitor, TRON (TRX), which started as one of the ETH-based coins, was lately challenging Ethereum’s dominance. Since Ethereum, numerous other platforms dedicated to dApp and smart contract creation came to be. Ethereum is also currently working on methods of improving scalability, as its number of TPS is still quite low when compared to other coins, even though it is much better than that of Bitcoin.

As for which coin is a better investment opportunity, it can be difficult to tell, as ETH and XRP are trying to achieve different things. In the end, it all comes down to investors and their thoughts on what is more important to support. It is impossible to predict the future and know which coin will succeed and which will slowly disappear along the way. However, both of these coins are seen by many as sound investments, and that supporting them will bring the crypto revolution one step closer to becoming a reality.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

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

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite