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Investing in cryptocurrencies involves many risks and investors are looking for coins that offer low risks and better returns. While it is difficult to determine the level of risk, some platforms have investor confidence more than others and NEM (XEM) and Ripple's XRP popularity are based on their performance and the markets in which they play.
The XEM of NEM could be a minnow if compared to Ripple MCAP as it is ranked in 17 while XRP is constantly in position 3 among the most precious coins. The cases of NEM users are increasing while those of its counterpart are concentrated in the banking sector with several encrypted competitors.
Because NEM is receiving more attention
NEM whose ticker is XEM is a new market operator with better features and functionality. It is a platform whose popularity derives from the underlying security. It is easy for companies and individuals to rely on a secure platform where they can store their personal information and data.
The NEM system helps users to store sensitive information and various file formats on their computers without worrying about being tampered with. Once the files are archived, the file structure can not be changed and can not be accessed by others in the system without your consent.
The currency entered the market after Ripple's XRP and its impressive features saw greater adoption and interest from a wide range of renowned investors. With many platforms that face scalability issues, NEM was built to scale from scratch and gave API developers an edge in building their ecosystem projects.
Ripple that also breaks in the banking front
Ripple's XRP seems to focus on an industry that is risky if banks refuse to accept its products. Secondly, there are many players competing in the niche with every fight difficult to control the major banks. A diversified XRP can mean better value proposition and greater investor interest, but developers are not interested in exploiting the potential offered by the ecosystem.
Strengthening their grip on partner banks should be their top priority, but instead the platform has focused on getting their visibility through reputation exchanges that the currency has failed miserably. If their products that include xRapid, xVia and xCurrent can get bank acceptance, the listing may be a regular run for the currency due to its demand from the masses.
With the popularity of XRP centered on money transfer globally, it has attracted a considerable following especially for traders and investors looking for an immediate money transfer gateway at a convenient transaction rate. The only selling point for XRP is its reduced transaction fee compared to conventional platforms like Western Union and MoneyGram.
NEM XEM and Ripple's XRP Price Status
If you are the investor who thinks about the price first; XEM and XRP have you covered. Both coin prices are below the $ 1 sign and a good entry point for any investor. At the time of filing this report, the XEM price stood at $ 0.108736 after a 24-hour gain of 16.91% against the green dollar, with a total of $ 41 million dollars changing hands.
Ripple XRP on the other hand is trading at $ 0.504320 with gains of 0.26% a clear case that is expensive compared to XEM and price-conscious investors are likely to focus on XEM. The highest XRP price of this year was the $ 4.5 and XEM threshold slightly below the $ 2 mark and performance; it is easy to know where the value is between the two coins.
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