Will Denelle Dixon Save Investors from Moving to Stellar Lumens (XLM) Competitors Like OmiseGo and Ethereum?July 21, 2020
Anyone looking to invest in the cryptocurrency market will take a look at the rank ladder, and they are sure to come across Stellar Lumens (XLM).
International money transfers and remittance payments are the goals of Stellar. They are focusing on making it quick, affordable, and reliable. A cross-border transfer that is frictionless.
Common sense should dictate that for as long as the world of trade and commerce exists, individuals and businesses would want to send money across the globe. As long as people are alive, some businesses should be in action. And, this means money remittance and Stellar are here to stay.
Ripple is the major competitor to Stellar Lumens. And some reports state that OmiseGo and Ethereum are competitors as well.
OmiseGo has its origin in Thailand. It is not mineable. It is useful as a Decentralized payment system and works with some notable partnerships, and some of these are partnerships of the OMG parent company, Omise.McDonald’s Thailand, ShinhanCard, Thai Ministry for Digital Affairs, Global Brain, and Krungsri Finnovate. The notable names are Jun Hasegawa, Donnie Harinsut.
Ethereum has its origin in the United States, and it is mineable. The notable names are Vitalik Buterin, Gavin Wood, and Joseph Lubin. ETH facilitates unlimited supply. Its use is to facilitate a smart contract platform and protocol level blockchain.
Of all the alternatives, Ripple can be called the “Lunch Mover to Stellar Lumens.” While no visible doubts are exerting that OmiseGo and Ethereum might creep into the Stellar market, a practical outlook surely makes it very obvious that Ripple is growing in strength in remittance and has the capability to move Stellar clients to its base.
For investors, Sydney Ifergan, the crypto expert tweeted: “Those investors who are looking for Stellar Lumens (XLM) alternatives should check in to OmiseGo and Ethereum. May be profits during volatility.”
Stellar Lumens (XLM) Idea of Competitors is Threatening
While the idea of competitors is threatening, every cryptocurrency has tried a hard way to build its own ecosystem. Some of them have worked hard to convince their clients. And the community members are getting used to their own alma mater coin slowly. Some of them are ready to play on multiple grounds, but most investors are happy with the parent token, they started within the cryptocurrency space.
Apart from the token and the products, the charisma of the leadership contributes to making the difference. Denelle Dixon has a graceful way of leading the team, and maybe she knows how to save the lunch and value for her investors.