What a story, crypto folks! Imagine this: for over a decade, these two cryptos, XRP from Ripple and XLM from Stellar, have danced to the same rhythm. Although sometimes one shines more in the headlines than the other, their value moves almost identically. It’s like watching two twin brothers with different personalities who can’t help but dress alike. The correlation is extremely high, at 0.97 last month and 0.87 over the last year! 😱
David Schwartz himself, CTO of Ripple, is just as surprised as we are. He says he doesn’t understand what binds them so much! But here’s the scoop: it turns out that Jed McCaleb, who co-founded Ripple, is the one who created Stellar. When he left Ripple in 2014, he took a bunch of XRP with him! So, for investors, seeing XLM and XRP together is almost natural because they come from the same "family." 👨💻
But there’s more. A software engineer named Vincent Van Code spilled the beans: automated trading bots! When XRP moves, these bots detect the connection and make XLM move too, in milliseconds! Moreover, both cryptos were born with the same mission: to make international payments easier and faster. It’s as if destiny has united them forever. 🌍🚀
Now, the million-dollar question: which is better, XLM or XRP? It’s a battle of titans. XLM has been gaining ground in things like daily active addresses and total value locked (TVL). In fact, XLM has risen by 100% since the beginning of July, while XRP has only risen by 35%! XLM has double the TVL of XRP! It seems that on the "on-chain adoption" court, XLM is beating its older brother. 😎📈
But, pay attention! If we look at popularity in Google Trends, XRP remains the king. It’s the one that interests people the most, the one that generates the most buzz, and the one that moves the most money on exchanges, with a daily trading volume of over $6 billion compared to $1.3 billion for XLM. XRP benefits from news about a potential XRP ETF and Ripple’s moves with politicians. Marketing is powerful, friends! 👑🔥
At the end of the day, it’s like choosing between Batman and Superman: it depends on what you’re looking for! But one thing is for sure: these two will stick together, so we’ll have to keep an eye on their next moves! Will one ever break away from the other, or will they continue this synchronized dance forever? 🤔👯$XRP $XLM
