XRP, XLM, and XDC are a trifecta that has so much potential in the blockchain space. Each of these projects has a different outlook on how blockchain can change the world and, most importantly, can bank you some nice profits in the long run.
Let’s dive into this comparative analysis of the three coins and why you don’t want to miss them in your portfolio.
XRP (Ripple)
The Ripple network offers blockchain solutions in cross-border payments, crypto liquidity, value management, and CBDCs. XRP is the native coin of the network and serves as a bridge between hard-to-march fiat currencies.
XRP also helps with fast and secure cross-border transactions within the network.
Ripple wants financial institutions like banks and money transfer services to use XRP since the XRPL technology will help to reduce the time and cost of cross-border transactions.
XRPL is secured by the Ripple Protocol Consensus Algorithm (RPCA), which also equips the network with high TPS. This makes XRP a preferred choice for real-time, cross-border payments.
Why You Want to Own XRP
On July 13, 2023, Ripple won their case against the US Securities and Exchange Commission (SEC). The SEC had filed a lawsuit against Ripple company, accusing them of illegally selling XRP tokens to U.S investors in a security fashion.
Judge Torres ruled that XRP was not a security, a decision that saw the XRP token price shoot up over 50% in just a few hours.
Besides the court win, XRP enjoys the support of a massive community nicknamed the ‘XRPArmy’ on Twitter. Since the inception of the asset, the community has only grown. XRPArmy has an unwavering belief in what XRP stands for and the potential it has to transform the global financial landscape.
XRP growth is nearing global adoption, and with its wide range of use cases, it’s a project everyone wants to have in their portfolio.
XRP has also partnered with big players in the financial ecosystem, including its infrastructure partners, tokenization partners, payout partners, as well as sustainability partners. They include Bitstamp, Modulr, and Carbon Title, respectively.
Since the court win on July 13, XRP price has been on a steady rise. The asset is currently trading at $0.6349, a 4.41 % decline in the last 24 hours. Its market capitalization stands at $34.19 billion, and so far this year, it has a change of 88.05%.
XDC (XinFin Network)
XinFin XDC is a hybrid permissioned blockchain platform built to change the global trade and finance sector through an accessible, efficient, and highly versatile decentralized infrastructure solution.
The network was created to help the existing financial system become more accessible, more efficient, and more versatile. It’s only then that governments and other agencies can be able to use it to overhaul their current technology and subsequently power new use cases.
XDC is the native token of the XinFin network, which also uses the delegated Proof-of-Stake consensus mechanism. Users can stake XDC tokens as a means of validating and securing the network.
XDC combines the best of public and private blockchains to enable secure and fast transactions all over the world.
Why You Want to Own XDC
XDC also enjoys great support from its team and community. The XDC developer community, for example, has been working day and night to ensure the network has top-of-the-line features and security.
XDC has good use cases and well-designed tokenomics, a key factor in the success of many projects in the crypto space.
XinFin has several partnerships, enabling its operations in the crypto space. Some of the partnerships include the one with Copper.co to allow for institutional custody solutions. Such partnerships make the XDC outlook positive.
The coin has shown immense potential lately, trading at $0.0551, which is a 4.26% increase in the last 24 hours. With a market cap of $741.53 million, XDC has the potential to take off in a positive trajectory in the future.
XLM (Stellar Lumens)
Created in 2014, Stellar Lumens is an open-source network that enables users to create, send, and trade digital representations of currency. XLM facilitates a more streamlined approach to how international money transfers work.
Stellar Lumens is one of the most affordable, fast, and reliable blockchains when it comes to transfers.
Unlike its competitors (XRPL), Stellar Lumens focuses on retail users and not large financial institutions.
Stellar Lumens also applies the idea of decentralization to improve its current technology of transferring money across the world. The platform uses a public distributed ledger for speed and transparency.
Stellar Lumens is secured by the Stellar Consensus Protocol (SCP), which provides flexibility and efficiency in network validation.
Why You Want to Own XLM
XLM has steadily grown in value and adoption in the market over the years, an aspect that confident investors may like.
Stellar Lumen’s has closed several huge partnerships that have propelled its price up. Some of the prominent ones this year have been with MoneyGram, HoneyCoin app, and Fonbnk, to expand its global payment solutions. XLM’s price can soar with the addition of continued support and positive market sentiment.
XLM is trading at $0.117, a 2.6% decline in the last 24 hours. With a market cap of $3.3 billion, XLM is the right play for long-term gains.
Final Thoughts
XRP, XLM, and XDC are projects with a broad range of goals. Each of them has its unique blueprint, striving to leave a lasting mark in the crypto space.
When these projects succeed, they will usher in a new era for global finance. For this reason, they are a must-have combination for your portfolio.
