What's Driving XLM Price to OVERTAKE XRP

12/3/24 •

Summaries by topic

• English

XLM's price surge has outpaced XRP's recent gains, prompting comparisons and discussions about the two cryptocurrencies. While both have experienced significant growth, XLM's creator highlights its distinct features and potential compared to XRP, emphasizing its broader capabilities and transaction volume. Ultimately, the podcast encourages viewers to research both XLM and XRP before making investment decisions.

XLM Price Surge

• 00:00:13 XLM has significantly outperformed XRP in recent months, with a 483% surge compared to XRP's 431% increase. This impressive growth pushed XLM's market capitalization to over 16.4 billion, ranking it 15th on CoinMarketCap, while XRP is currently ranked 3rd.

XLM vs. XRP

• 00:03:31 Although XLM's rise has been partly attributed to XRP's influence, it's essential to recognize that the projects are distinct. XRP operates on the Ripple network, while XLM is built on the Stellar network. Jed McCaleb, the founder of the Stellar Development Foundation, has emphasized the differences between the two, suggesting they have different purposes and capabilities.

Stellar's Capabilities

• 00:06:24 Stellar has unique functionalities not possessed by XRP, as demonstrated by its inclusion in the Wyoming State-backed stablecoin project. McCaleb highlighted Stellar's significant transaction volume, surpassing all but two other networks and exceeding Ethereum's volume by tenfold. This indicates its real-world usage and adoption.

XRP's Company Structure

• 00:07:23 Ripple, the company behind XRP, is a professional enterprise, unlike many other cryptocurrencies that are backed by foundations. The speaker suggests this unique structure has allowed XRP to expand its reach globally and differentiate itself from other digital currencies.

Investment Considerations

• 00:08:43 The speaker concludes by urging listeners to conduct their research on both XLM and XRP before investing in either. He acknowledges that both are viable options but emphasizes that it is important to understand the differences between the two projects before making investment decisions. The speaker's personal experiences with both XLM and XRP are shared, to inform the viewer.