It can not be denied that Ripple (XRP) and NEM (NEM) are gaining popularity even in the murky waters of the cryptocurrency. There are more than 1500 virtual currencies and blockchain platforms on the market today, making it a confusing business for a beginner to know which currency they should select and invest over in addition to the popular Bitcoin.
Some of the digital coins that stood out of the pack include Ripple (XRP) and NEM that have captured the hearts of many investors. However, there are many traders and investors who are not sure about which to invest.
Here in this article, I intend to take a closer look at these two digital coins and try to determine which one is better than the other, and which one has a greater chance of reaching the two. coveted threshold of 5 US dollar.
So, if you had to choose between Ripple (XRP) and NEM, here are some facts you may want to consider
Although it is still a novelty in the cryptocurrency industry, NEM is rapidly evolving and you are making a name by providing much-needed business solutions.
Described by many enthusiastic and cryptic critics as the brilliant new kid in virtual currency blocking, NEM is not only getting better results than most virtual resources on the market, but is proving superior to technological advances and functionality.
What is this blockchain technology? currency is to allow companies and individuals to securely store data and information unlike other cryptocurrencies like Bitcoin, which stores data and information belonging to their investors.
The NEM platform can effectively protect any file or document that a user can store on their personal computer. This means in simpler terms that your data and the information you have chosen to save are protected with little or no chance of external tampering.
Using NEM's blockchain technology, users can be assured that their file structure is secure and remain in its original format.
A new set of codes are responsible for the development of NEM, which has never been seen before in other code bases developed by cryptocurrencies that exist.
Although NEM has not been in the cryptographic market so much time compared to other virtual currencies like Ripple (XRP), it has managed to beat the odds of impressing various investors. This may be supported by the fact that its price value has managed to maintain an upward trend in the recent past.
Currently, the value of the digital currency is $ 0.10236 per token, currently in the green area on CoinMarketCap.  Ripple (XRP)
Just like NEM, Ripple is also a different type of cryptocurrency in the market, as it specializes with financial institutions and banks, facilitating international payment transfers at lower costs regardless of geographic topography or currency in use. Ripple also takes care of other virtual currencies like Bitcoin in their relationships.
Concerning consensus, Ripple (XRP) compared to Bitcoin achieves a faster consensus to its advantage in accessing influential and important customers such as Bank of America, UBS, BMO among many others.
Unknown to many, Ripple (the company behind the XRP / cryptocurrency token) is older than Bitcoin. Yes, you heard correctly, Ripple is more former Bitcoin because its initial version was created in 2004 although it was released in 2012.
Comparison between Ripple (XRP) and NEM
As for the & # 39; price appreciation, both digital coins have managed to record impressive results as they have increased by over 1000 percent over the last 12 to 14 months. It is because of this fact that it is making it difficult for investors to make a decision in choosing between these two promising virtual currencies.
Regarding the price value, both digital currencies, Ripple & # 39; s XRP and NEM are attractive as they are both still affordable. For an investor who wants to invest in one of them, my goal would be to diversify between two, to position themselves in an advantageous position to benefit from both.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct a thorough research before investing in any cryptocurrency and read our complete disclaimer.
Image courtesy of Michał Parzuchowski via Unsplash