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Ripple vs. Stellar: Is XRP or XLM a Better Buy?

 


Ripple and Stellar are among the largest cryptocurrencies in the world. The two have a market cap of over $35 billion and $4.9 billion, respectively. They also share a common history, considering that Stellar was created by a Ripple co-founder. In this Ripple vs. Stellar analysis, we will identify which one is a better buy.


Ripple vs. Stellar

Ripple is a blockchain project in the money transfer industry. It is run by Ripple Labs, a company that works with other firms in the financial sector. It solves the money transfer challenge by providing an on-demand liquidity (ODL) function and the XRP token. In recent years, Ripple has established partnerships with numerous companies such as Santander and Azimo.


Stellar is also active in the money transfer industry. It solves the challenge by allowing people to create open reps for different currencies like the US Dollar, Euro, and Japanese Yen. It also has an SDK that allows companies in the industry to speed up transactions. As shown below, Ripple and Stellar have shown similar performance over the past few years.


There are several reasons why many people believe Ripple is a better investment. First, since its inception in 2013, it has had a longer track record than Stellar. Therefore, it is a better known brand than Stellar. Second, Ripple has a long way to go for growth considering developers will start building on its platform soon.


Third, while Ripple has gone through challenges, it has maintained most of its past relationships. It works with some of the leading companies in the financial industry. Additionally, analysts believe the SEC vs. Ripple case has caused it to be undervalued.


A common concern, however, is that XRP is not actually a cryptocurrency due to the massive amount of control that Ripple has. 


The next part of Ripple vs. Stellar looks at the case for Stellar. First, Stellar is an open platform that has been used to build some well-known tools. For example, it was used to build USD Coin, one of the most popular stablecoins worldwide. USDC was built by Circle, a company valued at over $10 billion.


Third, Stellar is already being used by developers from all over the world. Some of the most popular companies using Stellar include ClickPesa, SatoshiPay, and CoinQuest, among others.


In my experience, Ripple is a better buy than Stellar due to its strong brand. I also view the recent SEC vs. Ripple case as a net positive for the coin. I expect the judge's verdict to be somewhat positive for the coin and attract more investors.

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