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Stellar (XLM)’s Next Breakout Might Steal Ripple (XRP)’s Thunder

 
Stellar (XLM)’s Next Breakout Might Steal Ripple (XRP)’s Thunder
Analytics / Breaking News / Cryptocoins / Ripple / Stellar
Stellar Chart With Values Stellar (XLM) has seen growing institutional interest over the past few months. A survey report by Fundstrat recently showed that institutional investors believe Stellar (XLM) to be a promising project. To the surprise of many, there was no mention of Ripple (XRP) though. This indicates that institutional investors prefer Stellar (XLM) over Ripple (XRP). However, the majority of retail investors still prefer Ripple (XRP) over Stellar (XLM) as Twitter polls show. That being said, we have seen that sentiment does not take long to change in this market. The above monthly chart for XLM/USD has the potential to shift that sentiment in favor of Stellar (XLM). Just before the previous rally, Stellar (XLM) had a correction within a descending triangle. The same is true this time. The difference is that the descending triangle is less steep. If we consider the effect of halvening, it is likely that similar triangles in the future will keep on being less steep. However, there will continue to be subsequent rallies and the price will rise. It is important to note that throughout the correction, XLM/USD has remained above the 21 Month EMA. As long as the price remains above that line, there is no cause for concern. The monthly trend is still very bullish. If we look at the big picture, this recent bear trend seems like a minor correction. If Stellar (XLM) pulls off a rally like the one before, it will put XLM/USD well above the $1 mark. Stellar Chart With Values Chart for XLM/BTC (1W) Investors who are in it for the long haul prefer Stellar (XLM)’s prospects over that of Ripple (XRP). This seems quite obvious considering Ripple (XRP) is just a short term solution. The crypto revolution has not only disrupted outside markets, but it has also disrupted itself. We started with centralized exchanges because that was a necessity. Now, the move towards decentralized exchanges is clear. John McAfee, a big proponent of decentralized exchanges, claims that we will soon have decentralized exchanges only. That makes sense considering the problems with centralized exchanges. However, before that happens, existing centralized exchanges like Binance and Bitfinex will have their days. The exact same scenario applies to Ripple (XRP) and Stellar (XLM). Ripple (XRP) is like a centralized exchange that is a quick and ready fix to our existing problems. Stellar (XLM) is a better solution in the long run but it will take its time. Stellar (XLM) has a long way to go against both Bitcoin (BTC) and the US Dollar (USD). Having completed its correction, Stellar (XLM) is now on a major breakout might push it off the charts in the near future. Stellar (XLM) is a top ten cryptocurrency but it is still massively undervalued. Stellar (XLM) based decentralized exchange StellarX is already live and has seen widespread recognition. It clearly appears that the team behind Stellar (XLM) truly understands the pace at which this market is evolving. They are thus moving two steps ahead of Ripple (XRP) addressing problems that are yet to surface.

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