XRP vs. Ethereum: Better Cryptocurrency?
XRP (CRYPTO: XRP) and Ethereum (CRYPTO: ETH) have gone in opposite directions over the past 12 months. XRP has declined 35%, while Ether has risen 27%. Let's see why these two popular altcoins diverged -- and if Ether will continue to outperform XRP over the long term.
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XRP, the native token of the XRP Ledger, is primarily used as a bridge currency for cross-border fiat currency transactions on Ripple, a blockchain-based payment platform. Ripple's founders pre-minted its entire supply of 100 billion tokens before its launch, so it can't be valued by its scarcity. The XRP Ledger also doesn't natively support smart contracts, which are used to develop decentralized apps, so it can't be valued by the growth of its developer ecosystem.
Source Fool.com
