ADVERTISEMENT
OUR STORY DISCOVER CRYPTOCURRENCIES NEWS AND UPDATES
XRP, Stellar (XLM) and Cardano (ADA) are three altcoins that have unique growth potential on the crypto market.
Ripple, which owns more than half of the total supply of XRP and uses the crypto asset for remittances, has a rich history in e-payments dating back to the days of Ripplepay.com, as an early competitor to PayPal.
In 2011, crypto-mogul Jed McCaleb (more on him later) joined Ripple, and XRP was launched two years after. Ripple’s network is centralized and non-distributed, and, technically, not a true blockchain. While it has some skeptics in the community, Ripple also has vast support from top financial institutions (e.g., AMEX, Santander) through RippleNet.
Stellar Lumens (XLM), meanwhile, was created by McCaleb in 2014 after jumping ship from Ripple. The open-sourced coin is more community-oriented and focused on targeting the unbanked, making it different from FI-friendly Ripple. Stellar boasts its speed, claiming it can handle over 1,000 transactions per second.
Finally, Cardano (ADA) is viewed as a third-generation crypto after its 2015 launch. Built by a global team of leading academics and engineers, Cardano’s goal is to learn from past cryptocurrency mistakes with a big commitment to scientific philosophy and research.
Want to learn more about these promising altcoins? Check out the video from eToro below.
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.
All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Featured Image: Shutterstock/Avesun