Ripple or NEM: Which cryptocurrency is the right pick for you?
The popularity of Ripple (XRP) and NEM (XEM) in the ever-volatile cryptocurrency market is undeniable. The market is thrived by over 1,500 cryptocurrency coins along with newer blockchain platforms, leaving crypto neophytes flummoxed in choosing the right coin they should invest on and putting some small amounts in altcoins, says a Global Coin report.
In a short span of time, cryptocurrencies like XRP and XEM have been able to gain the trust of many crypto investors, by standing out of the lot. But still, they have to win the hearts of many other crypto enthusiasts who are still oscillating between the right and wrong coins to be invested on.
In his article, published in a report, Ali Qamar has shown a balanced comparison between Ripple (XRP) and NEM to bring out the best coin which has the potential to touch $5 mark.
Although a new entrant in cryptocurrency space, NEM (XEM) has made its presence felt quite stronger by offering much-awaited business solutions.NEM’s impressive performance than its peers coupled with the potential to become superior in technological advancements and functionality has earned it the name of ‘new cool kid’ from crypto pundits and enthusiasts.
With NEM’s blockchain technology and currency, businesses and individuals can keep their data and information secure, much different from other cryptocurrencies like bitcoin which stores investors’ data and information. Any file and documents can effectively be secured on NEM platform without even the minimal chance of external tampering.
Ripple (XRP) provides international payment transfers, irrespective of any geographical territories and currency in use, at a cheap rate. Many reputed financial institutions and global banks have already implemented Ripple in their day-to-day operations. Ripple can be exchanged with Bitcoin as well. Surprisingly, Ripple is former than Bitcoin, given its initial release in 2004. On CoinMarketCap, XRP is currently trading at $0.326832 per token with a market cap value of $12,917,879,454.
It is good to diversify your investment in both coins for a good return
The almost equal surge of both coins by over 1,000 percent in last little over one year has made it a tough choice for the cryptocurrency enthusiast. In terms of value, both are attractive and at the same time, affordable.
What the report has suggested, it will be better for an investor to diversify Ripple and NEM before investing so that both coins earn a good profit.
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