Stellar Lumens hit and exceeded our target of 55 cents before the recent market pullback. Clearly the crypto eco-system accepts XLM' over XRP' if not for anything but based on philosophy alone. XRP' is the "Satan of Cryptos" in the eyes of most enthusiasts even though XRP' competes with Ethereum' for number of transactions. But could we be seeing a shift in momentum and in the crypto space overall to XLM' and why?
I have owned both XRP' and ETH' since I first entered the crypto space. Both have had epic runs and for good reason, they are the first of their kinds. As important as first to market penetration is, the alleys are filled with failed first to market products. One big reason is market perception. Both XRP' and ETH' have a cloud hanging over their heads. XRP' is considered the epitome of centralization, and ETH' can not seem to get out of its own way whether it was the hacking or recently losing coins leaving a novice at the helm of the controls. It is the Valdez of Cryptos. To be clear I still believe that ETH' will outperform the market this year, but I am downgrading XRP' and removing it from my core and in its place adding XLM'. What was the deciding factor?
The announcement by Mobius Networks to use XLM' to fund their token sale which sold out in two hours. This is huge for XLM' as it takes them from just competing with XRP' and adds ETH' to its crypto hitlist! The quote from CEO' David Gobaud was even more critical as he stated "We look at ethereum' like AOL' or Myspace". Powerful words from a CEO' who had participants from China's Angel Chain Capital to Walton Chain in on the crowd fund. Does this mean ETH' is DOA'?
As the space grows, customers and users will be looking for fast, fast and faster transactions speeds at a very low cost especially in the micro payment area like the IOT'. Stellar Lumens appears to deliver and this is where they can even compete with Ethereum. I'm not counting out ETH' by any means, but this puts some fire under their developers to resolve the scaling issue and puts them at a disadvantage with the fee structure. Nothing like waiting 30 minutes during peak times to get confirmation of transactions and paying for it. Stellar's goal in the long run is to be a currency as well as a platform and I like that and want to be invested! Fast transfers, high coin count, deflationary currency, smart contracts, what is not to like about Lumens.
So we completed wave IV in the longer term cycle and are poised for a V wave run. I am adding here as XLM' has held up better than most other cryptos and definitely been outperforming XRP' which appears to be showing additional weakness. In addition its a 500% move if XLM' hits $3.00 and only a 250% move for XRP'. With XLM' already pulling back to the 0.618 retracement of wave III' and following the trend line, I believe momentum continues. A few more announcements like the Mobius one and it could challenge the top 3-5 for market cap. Not only are they targeting the platform market, they are targeting the fiat market as well, and with faster and cheaper transaction speeds they are bound to gain market share in both.
Here is what i think about Xlm and Ripple:
Stellar Lumens is a very solid coin and a platform that is completely underrated.
Jed McCaleb is here for long term business, Stellar is not Ripple.
Ripple is to be considered as an opportunity coin, and the more and more time pass, the more i see Xrp as a legal scam if it can be called this way. Xrp is an opportunity quick business, for the Ripple company itself and the companies signing try out contracts with Ripple.
Banks will have their own cryptocurrencies, and/or they will use official countries cryptocurrencies.
No solid company is willing to definitely adopt Xrp, Xrp will be used by small organisms.
Stellar Lumens has a much much greater potential than Xrp.
Xlm is the future. Xrp is already dead.
userbeauty
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@Giorgioversace, which use cases does stellar have? I know the market xrp is going for... Why is the potential greater than xrp? Also, you write that no solid company is willing to definitely adopt xrp...only small organisms will do that. I consider moneygram to be a solid company, but it's not definite yet like you said. Still, it seems legit. If countries make cryptocurrencies, why would there be use for any other decentralized crypto? Especially if nations begin passing legislation controlling/limiting it.
Giovi6969
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@userbeauty,
Xlm is also a platform that has an important potential.
Only small companies will adopt Xrp because they don't have the capacity to create their own cryptocurrencies, but still,nothing forbids them to use future Eurocoins, Cryptoruble, cryptodollar instead of Xrp.
Why would a small capacity company use an Xrp protocol that includes expensive contracts with Ripple, when they could freely, easily transfer official future crypto money with the same benefits and more trust than Ripple?
"Official" crypto coins will be backed up by oil, or gaz, or gold, or whatever the states want it to be. And this is the point of uncertainty about the current cryptocurrencies. Their use might become extremely limited after official countries cryptos are here. "Decentralized" cryptos with limited amounts would still remain attractive as a speculative and safe haven asset.
Zilch274
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@Giorgioversace, Could you explain how XLM is a platform? Thanks
Giovi6969
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@Zeath163,
There's a built in distributed exchange in Xlm platform.
And it could also become a major platform for ICOs. IBM are trusting them for some reason in my opinion.
streetgainer
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@Zeath163, I suggest you go to their website and educate yourself.
TaanndC
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Been hold XLM from 460Sats could always see the potential in XLM
pooreel1
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@TMAN88, I Absolutely Love Coming Across Comments Like This Where Smart People Like You HOLD.
TaanndC
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@pooreel1, Thanks I also think NEO has massive potential wish I was in the game when they were Ant Shares.
Stellar Lumens is a very solid coin and a platform that is completely underrated.
Jed McCaleb is here for long term business, Stellar is not Ripple.
Ripple is to be considered as an opportunity coin, and the more and more time pass, the more i see Xrp as a legal scam if it can be called this way. Xrp is an opportunity quick business, for the Ripple company itself and the companies signing try out contracts with Ripple.
Banks will have their own cryptocurrencies, and/or they will use official countries cryptocurrencies.
No solid company is willing to definitely adopt Xrp, Xrp will be used by small organisms.
Stellar Lumens has a much much greater potential than Xrp.
Xlm is the future. Xrp is already dead.