XRP FOMO is at fever pitch right now with everyone expecting the "flip the switch" moment any time from now. However you also hear a lot of people mention "XLM" (Stallar Lumens) in the same breath as XRP. What is it and are they basically the same? If so, why do we need two instead of just one? In this video I discussed the similarities and differences between the two and give my opinion on where I think each one is going and in what timeframe.

XRP and XLM are both digital assets designed to facilitate cross-border payments and financial transactions. However, there are some key differences between the two.

• Purpose: XRP is primarily used for interbank settlements and is backed by a centralised company, Ripple. XLM is more decentralised and focuses on providing financial services to individuals and small businesses.
• Distribution: All XRP tokens were created at the time of the launch of the Ripple payment network. XLM tokens have been released gradually through various means, such as initial coin offerings (ICOs) and airdrops.
• Max supply: XRP has a max supply of 100 billion tokens. XLM has a max supply of 50 billion tokens.
• Market capitalisation: XRP has a market capitalisation of $35.3 billion (as of July 10, 2023). XLM has a market capitalisation of $5.8 billion (as of July 10, 2023).
• Transaction speed: XRP and XLM both have fast transaction speeds, with transactions typically taking 3-5 seconds to complete.
• Transaction fees: XRP and XLM both have very low transaction fees.
• Decentralisation: XRP is less decentralised, as it is backed by a centralised company, Ripple. XLM is more decentralised as already mentioned above.
• Community: XRP and XLM both have large and active communities.
• Potential: Both XRP and XLM have the potential to be successful cryptocurrencies. However, XRP is more established and has a larger market capitalisation. XLM is more decentralised and has a focus on providing financial services to individuals and small businesses.

In the end, the best choice for you will depend on your individual needs and preferences (and belief system). If you are looking for a cryptocurrency that is well-established and has a large market capitalisation, then XRP may be a good option for you. If you are looking for a more decentralised cryptocurrency with a focus on providing financial services to individuals and small businesses, then XLM may be a better choice. As always, not financial advice, do your own research 🙏

Peace & Love,

Adé