Even their harshest critics would agree that the Ripple cryptocurrency along with NEM has been experiencing immense popularity in the midst of high price volatility in the crypto space. It is indeed an encouraging piece of news for the crypto investors.
While the crypto space has been gloomy lately, both NEM and Ripple have been riding high on the popularity charts. There are over 1,500 Blockchain platforms and digital currencies in the crypto market today. Thus, it is not unusual for a beginner to get baffled while deciding which altcoin they should choose as well as invest in apart from Bitcoin, the most popular cryptocurrency in the world.
However, the digital currencies that managed to make a distinct mark of their own include NEM and Ripple cryptocurrency. Both these digital coins have succeeded in bowling over innumerable investors. Yet, many investors and traders are uncertain about which coin they ought to invest in.
Ripple, a distinct form of cryptocurrency is similar to NEM in the crypto market. This is because XRP specializes with banks and other financial institutions by facilitating payment transfers internationally at amazingly low-cost fees. It is irrespective of the currency in use or the geographical location of the country.
Ripple Is Older Than Bitcoin
Ripple is also known to deal with other cryptocurrencies like Bitcoin in their transactions. As far as consensus is concerned, Ripple comes to a faster consensus in comparison to Bitcoin. The feature gives it an edge while onboarding prominent and influential clients like BMO, UBS, and Bank of America among others, according to Global Coin Report.
Not many people are aware that the Ripple cryptocurrency was launched prior to even Bitcoin. Hence XRP is older than Bitcoin because its maiden release was created way back in 2004 although its full-fledged release only happened in 2012. As far as price appreciation is concerned, both digital currencies have recorded great outcomes as they went up by more than 1000 percent in the last one year.
The post NEM And Ripple Cryptocurrency High On Popularity Chart appeared first on OWLT Market.
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