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XRP vs ETH: Which Coin Is A Better Investment?

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XRP vs ETH
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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.

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

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.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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