Altcoin News, Cryptocurrency, Global Crypto News, Latest News, Ripple

Here’s Why Stellar (XLM) and Ripple (XRP) are Not in a Competition

Stellar (XLM) and Ripple (XRP) are two of the most innovative cryptocurrencies available on the market right now. The two cryptocurrencies feature special architectural designs which sets them apart from their competition and helps them thrive when put together. Stellar (XLM) and Ripple (XRP) are considered as the perfect choice for new investors which is impressive when considering that the cryptocurrency market is getting flooded with new altcoins every single day.

There is No Competition

Despite common belief, these two cryptocurrencies are not competing against each other. The reason why Stellar (XLM) and Ripple (XRP) are not clashing is because they each have their own unique routes and different goals. Therefore, Stellar (XLM) and Ripple (XRP) can coexist without any problems.

Ideal for New Investors

The reason why Stellar (XLM) and Ripple (XRP) are considered to be the top choices for new investors is that of their price. The two cryptocurrencies charge a small price per token which makes them ideal for mass adoption while appealing to investors who are not willing to invest that much money at the same time.

Stellar (XLM) is priced at $0.2127 per token while Ripple (XRP) charges $0.4787 per token. We should mention that Ripple (XRP) holds the title of being the world’s third-largest cryptocurrency and therefore, new investors shouldn’t be fooled by its affordable token price.

Different Goals

As previously mentioned, Stellar (XLM) and Ripple (XRP) have different goals and they walk on their own paths. Stellar (XLM)’s developers are focused on helping startups while the folks behind Ripple (XRP) are partnering with banks. This shows us that Stellar (XLM) and Ripple (XRP) are quite different and that they will not compete anytime soon. In fact, the two are complementary to each other.

coinmag

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.