Famous market pundit Ben Armstrong (BitBoy) has voiced the bold view that market participants favoring XLM over XRP could regret their choice later on.
Notably, XRP and its major rival Stellar (XLM) have been among the market leaders in price performance over the last three weeks. However, market commentators like BitBoy are favoring XRP over XLM despite XLM boasting a better price performance in recent times.
XLM Beats XRP in Price Action
With XRP trading at $1.50 today, the altcoin is up by 204% from its November low of $0.4937. However, its latest upsurge to the $1.6216 peak this month marked a 229% growth within three weeks.
Meanwhile, XLM had its lowest value for this month at $0.08952. As it currently trades at $0.5242, XLM boasts a more impressive three-week growth of 485%. The performance becomes even more spectacular, with a 609% gain when considering XLM’s high of $0.6342 this month.
Essentially, XLM has experienced about three times XRP’s gains. This explosive growth has propelled XLM up the rankings, moving from position 30, with a market cap of $2.65 billion, to its current position at number 13, with a valuation of $16.5 billion.
Despite XLM’s superior price action compared to XRP, XRP proponents remain unfazed. According to BitBoy, the issue with choosing XLM for a portfolio is that one day, investors may wish they had bought more XRP.
He went on to declare that XRP and the Ondo token from Ondo Finance will be the two best-performing assets of the season. However, BitBoy’s perspective did not resonate with all crypto community members.
Community Members Disagree with BitBoy
One commenter, Martyn Rogue, remarked that BitBoy’s suggestion is “bad advice,” a sentiment shared by many others. Rogue pointed out that he’s personally up 141% in profit from just XLM over the past week, and his only regret is not doubling down as he did with XRP during its rise.
Another commenter, Clark, suggested owning both XRP and XLM would be wiser rather than favoring one over the other. Clark noted that anyone who owns XRP should also hold XLM, Hedera (HBAR), and a few other assets.
Community member Ajax also highlighted that XLM has its own strengths and weaknesses. While Stellar boasts great technology and partnerships, Ajax believes that diversifying with both XLM and XRP could maximize his portfolio’s potential, which is why he holds both.
Meanwhile, prominent crypto analyst Egrag shared a strategy for navigating XRP and XLM. He recommended purchasing 25% of XLM as a reference to XRP. If there’s a retracement, sell XLM and use the profits to buy more XRP, avoiding the risk of selling XRP too early.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
