Stellar (XLM) and XRP (XRP) are Safe Havens in Crypto Storm

Recent weeks have seen the top digital assets lose much in value, and there isn’t any end in sight. The period has been torrid for assets. However, amidst this mayhem in the space, two digital assets have held fast. Although, they also have lost value. But their downside numbers were in single digits compared to other tokens down by double digits. Stellar Lumen’s (XLM) and Ripple’s (XRP) are the virtual currencies that managed to stay above water.

About Stellar Lumens (XLM)

It may look like a paradox, but you can actually progress in a market that’s going down. This is what XLM has managed. It knocked Bitcoin Cash (BCH) out of 4th position among the top guns briefly. Although this happened for a short time, this indicates a sign of better days ahead. In fact, as things stand, both Stellar (XLM) and EOS almost match the market capitalization of Bitcoin Cash (BCH).

The difference between these three tokens is that XLM dropped at a smaller rate compared to the others. As at two days ago you won’t be wrong to think that XLM would overtake BCH in the coming days. This is what happened between Ethereum (ETH) and XRP (XRP). But now XRP has a solid position in the list by market cap.

XLM Needs to Drop Slower to To Stay in a Safe Haven

But that isn’t the case now. Recent days has seen Stellar (XLM) go below even more than BCH and EOS  in 24 hours by 24%. In the current framework, XLM does not need to grow higher to be in the clear. It just needs to continue its drop slowly than similar digital assets. This is precisely what has been happening 30 hours ago.

About XRP (XRP)

As indicated earlier, even in the mess in recent days, XRP (XRP) has managed a minor level of success. It is now the second-largest digital asset based on market capitalization, after overcoming Ethereum (ETH). XRP now outranks Ether by $4 billion. Hence, it is safely sitting in second place. There’s also the good news.

According to reports TransferGo revealed that it would adopt XRP’s xRapid platform to build a remittance corridor through Europe and India. This initiative is fueled by XRP (XRP) transfers, which sets the tone for the demand and trade volume of the token.

Additionally, XRP’s Asian partner, SBI, revealed it would use XRP’s technology to make sure of credit card security operations in Japan. Mitsubishi also revealed that it would use XRP to settle payments between its Japanese and Brazilian partners. XRP has held fast during this tough period. Perhaps because of its multiple use cases in the financial sector. The banks who use XRP’s platform and token are settling international transactions in minutes, at little cost, thus giving customers better, cheaper and safer service.

As reported by the American Express, XRP typically saves them 70% of the total cost of sending money overseas. Additionally, XRP (XRP) has managed to create a robust community. Even though it has held the grounds well, the case has changed now because the digital currency has dipped more than Ethereum. XRP is in the red by 17.51% in 24 hours while ETH is down by 15.41% within the same period.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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