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XRP vs ETH: Which Coin Is A Better Investment?

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XRP vs ETH

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

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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