XRP VS NEM: on which to invest? XRP and NEM have gained much popularity in the recent past. Many investors are actually confused about which of the cryptocurrencies they should invest. Today we will examine both these cryptocurrencies to find out more about which to invest.
NEM is rapidly emerging as a new cryptocurrency
NEM is rapidly emerging as a new cryptocurrency that also offers some new features. It allows companies and users to store information or data securely. The main advantage of this cryptocurrency is that it would be able to protect any file or any type of information on your computer. Therefore, you can be sure that without any tampering or changes in the file structure, it would be able to fully protect the file. Although cryptocurrencies are not as old as a ripple, they have certainly impressed investors.
This is also evident from the fact that its value has increased astronomically in the recent past.
Ripple ripple provides a protocol for most banks
On the other hand, ripple provides a protocol for most banks to transfer their money around the world. Individual investors are also able to transfer their money with the help of this cryptocurrency. Transactions are made in an instant. Furthermore, transaction fees are at the bottom. This is one of the main advantages of the ripple network.
More and more banks are actually using the ripple network to start international transfers. Currently, without the ripple protocol, the cost of international transfers is significant. With the Ripple protocol, this is also greatly reduced. This is one of the main reasons why the cryptocurrency ripple has also significantly increased its value.
In the last 14-18 months, both cryptocurrencies have increased by over 1000%. This is one of the main reasons why investors are confused between both. A good idea would be to diversify between both, so you can also collect the rich dividends of both these cryptocurrencies. Moreover, this will protect you from the downside risk of these cryptocurrencies. Precisely for this reason, instead of running the risk of investing in a single cryptocurrency and losing it, it is a much better idea to invest in both, so you can reap rich dividends without taking a significant amount of risk that you would have taken if I had chosen someone between the two.