As you may already know, there are lots of digital currencies in the market contending to conquer the same target: one of the major reasons why most people tend to relate or confuse a digital currency with another. There have been similar speculations about Stellar Lumens (XLM) and Ripple (XRP): two digital currencies with great potentials.
A lot has been said about whether Stellar Lumens or Ripple would be the digital currency that eventually manages to take control of the market and become a global solution. But the question is “are the two coins actually that comparable?”
The Present Market for Both Digital Currencies
At the time of writing, Ripple (XRP) is holding the third position on the list of top digital currencies according to coinmarketcap.com. Ripple (XRP) is currently trading at $0.622, its market cap is over $24 billion, and its trading volume in the past twenty-four hours is over $263 million. Just like other digital currencies in the market, Ripple has also been experiencing some significant declines. However, there are predictions that the price will skyrocket before the end of this year.
On the other hand, Stellar Lumens is sitting at the number 8 position on the list of most-valuable digital currencies with a market cap of over $5 billion. The coin is currently trading at 29 cents with a trading volume of about $62 million in the last twenty-four hours.
Partnerships of the Tokens
The two digital currencies are fighting closely to achieve global mainstream recognition and adoption. Although both of them have been able to secure powerful connections, one that is highly remarkable and with a lot of potentials is the one that Stellar Lumens secured with IBM – a consulting and technological giant.
Each one of the digital currencies appears to have their edge from a perspective. However, both of them have chosen different goals: Stellar Lumens is for unbanked individuals while Ripple is for the banking sector.