A pseudonymous financial analyst Common Sense Crypto (CSCrypto) recently expressed his bullish sentiment on XRP and Stellar (XLM) in a post on X.
His argument centers around the backing of these cryptocurrencies by influential institutions like the Bank for International Settlements (BIS), the International Monetary Fund (IMF), the World Bank, and the World Economic Forum (WEF), along with central banks around the globe.
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Common Sense Crypto highlights the importance of not solely relying on endorsements but also considering factual evidence. He points to Ripple’s efforts in establishing a global payment infrastructure. This includes obtaining money transmitter licenses in the U.S. and internationally, which he views as a strong indicator for XRP’s future.
For XLM, Common Sense Crypto emphasizes Stellar’s role in financial inclusion, particularly its focus on facilitating banking services for the unbanked population. He cites the increasing adoption of Stellar rails through on-ramps, and off-ramps, and its involvement in humanitarian aid initiatives as reasons for his optimism regarding XLM.
While acknowledging the possibility of differing opinions, Common Sense Crypto concludes by stating his firm belief that the future success of these cryptocurrencies is practically predetermined.
Is There Merit to this Analysis?
Common Sense Crypto’s analysis touches upon several significant factors that could influence the adoption and value of XRP and XLM. The backing of prominent institutions undoubtedly lends credibility to these cryptocurrencies.
Regulatory bodies like the BIS and the IMF have actively explored the potential of central bank digital currencies (CBDCs) – digital versions of national currencies – and Ripple and Stellar are considered strong contenders in this domain.
Ripple’s global influence is rising rapidly. Ripple recently announced 10 major CBDC partnerships. If Ripple gains traction as a CBDC solution provider, it could significantly boost the demand for XRP.
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Similarly, Stellar’s focus on financial inclusion aligns with a growing global movement towards expanding access to financial services. Stellar lumens (XLM) act as the native currency on the Stellar network, facilitating transactions across borders at minimal costs. Broader adoption of Stellar for cross-border payments and financial inclusion initiatives could positively impact XLM’s value.
It is also important to note that both cryptocurrencies are correlated and have a habit of mirroring each other’s price movements. Common Sense Crypto’s analysis offers valuable insights for investors considering XRP and XLM. This analysis also underscores the importance of institutional backing and tangible real-world applications for cryptocurrency adoption.
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. Times Tabloid is not responsible for any financial losses.
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