Home Finance Stellar (XLM) Versus Ripple (XRP) – Is Stellar Threatening Ripple?

Stellar (XLM) Versus Ripple (XRP) – Is Stellar Threatening Ripple?

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Stellar (XLM) and Ripple (XRP) are, in fact, very similar crypto coins. Actually, in their essence, both the XLM and XRP have been created by the same person – Jed McCaleb. Even more, both Stellar (XLM) and Ripple (XRP) are offering almost the same updated blockchain technology dedicated to banks and financial institutions which want to perform instant and totally traceable transactions.

However, lately, Ripple (XRP) seems to be much more appreciated and accepted by banks and money transfer companies, in comparison with Stellar (XLM).

But the similarities end up to this point. Every coin in part has been developed by its particular owners.

Stellar (XLM) has been running on its own road since Joyce Kim interfered and the same happened with Ripple (XRP) when Chris Larsen interfered.

Stellar (XLM) Price

Stellar (XLM) is the 8th crypto coin of the world, having a market cap of $6,868,646,410.

At the moment of this writing, Stellar (XLM) is trading at $0.371, facing an increase of 4.58% in the last 24 hours.

Yesterday, the XLM closed at $0.361.

Accordingly, the Stellar (XLM) cryptocurrency is going up and most probably it will keep this trend for the next days.

Ripple (XRP) Price

Ripple (XRP) is the 3rd crypto coin by market cap, accumulating $38,498,579,895.

At this moment, Ripple (XRP) is trading at $0.984, increasing by 3.31% in the last 24 hours.

Yesterday, the XRP closed at $1.01.

Ripple (XRP) will most probably trade around $1 in the next days.

The Future Of Stellar (XLM) And Ripple (XRP)

According to the news, both the Stellar (XLM) and the Ripple (XRP) will go up.

However, the difference between the two crypto coins is huge, as the Ripple (XRP) is continuing to partner up with more and more financial institutions and banks, while the Stellar (XLM) is only listing a few partnerships with low-profile institutions.

In the end, Stellar (XLM) versus Ripple (XRP) is just a battle of deals which will be settled in the future. However, crypto market’s analysts predict a bright future for the Ripple (XRP).