Home Finance Ripple (XRP)’s Success Will Benefit Stellar (XLM) in the Long Run

Ripple (XRP)’s Success Will Benefit Stellar (XLM) in the Long Run

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The crypto community shares different opinions about Ripple (XRP). While Ripple (XRP) is being marketed as a cryptocurrency, some folks are disagreeing with this by saying that Ripple (XRP) is not a truly decentralized cryptocurrency. Truth be told, Ripple (XRP) is unique and it doesn’t actually fit in the standard decentralized cryptocurrency category.

On the other hand, Ripple (XRP)’s uniqueness is helping it get partnerships with some of the world’s biggest financial institutions. To make things even more interesting, Ripple (XRP)’s price per token is somewhat stable beneath the dollar and its expected to rise throughout the year.

Ripple (XRP) Adopted by Bank Systems

The main reason why Ripple (XRP) is having such a major success in terms of partnering with financial institutions is the fact that its XRP token is easy to adopt and that it offers a means of performing instant and virtually free global payments.

Stellar (XLM) Offers Similar Services While Being Decentralized

The one cryptocurrency which is going to benefit from Ripple (XRP)’s success in the long run is Stellar (XLM). This cryptocurrency offers similar services as Ripple (XRP) while being decentralized. The fact that Stellar (XLM) is decentralized means that there is no way for a single entity to control the cryptocurrency’s price which makes it appealing towards investors.

Just like Ripple (XRP), Stellar (XLM) is known for offering fast, reliable cross border payments while charging so little that it’s basically free. Therefore, Stellar (XLM) can be categorized as the decentralized version of Ripple (XRP) and seeing how popular Ripple (XRP) is getting, we can be sure that Stellar (XLM) is also going to benefit from this.

Stellar (XLM) Current Price

Another important factor that puts Stellar (XLM) ahead of Ripple (XRP) is the fact that it’s current price is affordable. Stellar (XLM) was heavily affected by the recent market crash and its price is sitting at $0.223411 as of now. In addition, the total market capitalization for Stellar (XLM) is valued at $4.1 billion.