Dennis G (@DennisGots), a cryptocurrency commentator on X, recently reignited the debate between XRP and XLM, two of the top cryptocurrencies with shared origins. He believes XRP does not have what Stellar (XLM) can offer.
In his post, Dennis highlighted key differences, pointing out XLM’s supply of 50 billion and its adoption by major organizations such as Mastercard, MoneyGram, and BlackRock. In contrast, he claimed that XRP, with a larger 100 billion token supply, lacks equivalent high-profile adoption.
His remarks drew mixed reactions from the crypto community, with many defending XRP’s adoption and others calling for unity rather than divisive comparisons.
Are you trying to decide which to invest in #xrp vs #xlm ?
XLM – 50 billion supplyAdoption – Circle, moneygram, Mastercard, stripe, Blackrock, Franklin Templeton, Coinbase +more.
XRP – 100 billion supply
Adoption – nothing you or I have ever heard of.
— Dennis G (@DennisGots) November 18, 2024
Supply and Origins
XRP and XLM have distinct tokenomics, with XRP having a maximum supply of 100 billion and XLM capped at 50 billion. This difference in supply often plays a role in discussions about their price and market performance.
However, one commenter noted the interconnected history of the two assets, reminding the community that “XLM came from XRP,” likely referencing Stellar’s creation by Ripple co-founder Jed McCaleb.
The commenter also noted the correlation between both assets, which is so strong that it has drawn the attention of Ripple Chief Technology Officer (CTO) David Schwartz.
This correlation is not entirely surprising as both assets aim to improve cross-border payments. However, both ecosystems have evolved differently over time with XRP focused on large-scale institutional use and XLM focused on reaching the masses failed or abandoned by traditional banks.
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XRP’s Global Adoption
Contrary to Dennis G’s assertion, XRP has adoptions, particularly through Ripple’s collaborations with global financial institutions. Ripple’s payment service has been instrumental in facilitating cross-border payments and remittances across the globe.
Additionally, Ripple’s upcoming stablecoin, RLUSD, is expected to increase the adoption of the XRP Ledger (XRPL) and expand XRP’s utility within its ecosystem.
Calls for Unity
Dennis G’s critique sparked varied reactions. Some users countered his claims, emphasizing the historical price correlation between XRP and XLM. Many also suggested that investors might benefit from holding both tokens.
One user dismissed the debate as unnecessary division. He asked, “Why try and sow division amongst the two?” He also called for unity, urging the community to focus on the broader potential of both assets rather than engaging in rivalries.
Rather than pitting the two assets against each other, the crypto community might benefit from recognizing their shared goals and potential for complementary growth.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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