While Ripple has also made significant progress over the last few months, a research by Fundstrat revealed that corporate investors consider Stellar a promising network but they didn’t say anything about Ripple. What the survey revealed is that institutional investors have more interest in Stellar than Ripple. The study also revealed that retail investors prefer Ripple to Stellar.
Whenever XRP news and Stellar Lumens news are in the same article, it’s always about competition. However, in almost every case, Ripple comes ahead of Stellar. According to the analysis of Smartereum; over the last few months, Stellar has gotten the attention of many corporate entities.
Stellar Lumens News Today – Stellar Vs. Ripple – XRP News Today
Ripple and Stellar have a similar goal – to reinvent the payment settlement system and steal a share of SWIFT’s market capitalization. However, the key difference between both networks is that Ripple targets the financial institutions while Stellar targets individuals. The native token for the Stellar blockchain is the XLM token while the native token for Ripple is XRP. Both blockchains and tokens have many use cases. However, XRP is way ahead of XLM per market capitalization and price.
Stellar (XLM) Price Today – XLM / USD
During the Bitcoin bull run in the beginning of the month, Stellar (XLM) was able to break out of the descending triangle and went higher against the USD. Even if it may form another triangle soon, there are still technicals that show that the price will move higher against the USD as long as the price of Stellar Lumens (XLM) remains above the 21 month EMA.
Stellar Lumens News Today – XRP News Today –
The research showed that investors prefer Stellar Lumens (XLM) for long trades but see XRP as a short-term solution. You see Ripple is a central change that provides quick solutions while Stellar provides long-term solutions to the same problems as Ripple. Those who believe in Stellar know that progress takes time. It has made a lot of progress over the last few years and has done well against Bitcoin and the USD.
XRP (XRP) Price Today – XRP / USD
XRP and Stellar Lumens (XLM) Price Analysis
According to the Ambcrypto; with Bitcoin breaching the $5,000-mark, many crypto-analysts and enthusiasts are of the opinion that the crypto-winter is finally over. However, following the collective market pump early this month, prices of all top cryptocurrencies witnessed strong correction, pulling the market into a bearish waters.
XRP, the second largest altcoin in the market, fell to a low of $0.29 before recovering and hovering around the $0.32 mark. At press time, XRP was valued at $0.328, with a market cap of $13 billion. The coin registered a 24-hour trade volume of $1.04 billion and was up by 0.85% against the US Dollar.
XLM, the ninth largest coin in the world, was valued at $0.115, at press time, with a market cap of $2.22 billion. The 24-hour trade volume of the coin was $255 million and was up by 0.85%. Following the Stellar-IBM partnership, the coin had surged considerably, but has since resorted to stagnant price movement.
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