Cryptocurrencies are many
I am a bit surprised to find the total number of cryptocurrencies today.
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The total number of cryptocurrencies is no less than 6k.
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Going through the entire list would be a daunting task.
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Most cryptocurrencies are somewhat similar in functionalities.
The easiest comparison is the cryptocurrency price graph. It is available for almost all recognized cryptocurrencies using a simple Internet search.
Let us view a quick comparison between BCH and XRP
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First, let us see the two cryptocurrencies, namely Bitcoin Cash, aka BCH and XRP, in terms of prices, market caps, and available supplies.
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Then, we can view the graphical variation during the days and months.
The 1-day comparison of BCH and XRP
Screenshots Source
The 7-day comparison of BCH and XRP
Screenshots Source
The 30-day comparison of BCH and XRP
Screenshots Source
The 90-day comparison of BCH and XRP
Screenshots Source
The 180-day comparison of BCH and XRP
Screenshots Source
The 365-day comparison of BCH and XRP
Screenshots Source
The overall variation of BCH and XRP is close.
The screenshots from this site clearly depict that the overall variation of BCH and XRP is close to each other.
=> The base prices of BCH and XRP are, of course. very much different.
=> Both cryptocurrencies may be used for faster payments with minimal fees.
Bringing it altogether
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I forgot that I used to blog on a Coil-dot-Com platform, where XRP was the tipping cryptocurrency.
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Consumers could tip the Coil creators in XRP via their Twitter handle.
Both BCH and XRP are champions in terms of SCALING:
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BCH and XRP consume minimal time to process a transaction, i.e., both cryptocurrencies execute transactions faster.
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The fees per transaction for BCH and XRP are significantly less, i.e., a few cents, a cent, or less (plus exchange fees, if any)
One may choose any of the cryptocurrencies depending on the requirements.
Postscript
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This article is a very brief "quick comparison" and doesn't compare the use cases and details about many other aspects.
The main difference between BCH and XRP lies in the fact that BCH is a fully decentralized cryptocurrency. In contrast, XRP is a quasi-centralized cryptocurrency controlled by a company named Ripple Labs.
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There are different websites to see quick comparisons between cryptocurrencies.
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I used the comparison data and graphs available from walletinvestor-dot-com.
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You may utilize any other cryptocurrency data analytics provider sites.
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These sites reproduce cryptocurrency analytics from past data available publicly.
The cryptocurrency future predictors are making wild guesses by looking at the data available from these sites.
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Nobody knows what is happening in the background and what will happen in the near and far future!
Therefore, a cryptocurrency investor and adopter MUST review the past data comparison, and decide judiciously about which cryptocurrencies they should adopt and use.
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Who I am
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I am from Science, Technology, Engineering, and Mathematics (STEM). I have also added "Arts" and "Fine Art" to my interests and made my interests STEAM - Science, Technology, Engineering, Arts, and Mathematics.
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I develop solutions for passwords and cybersecurity relevant to cryptocurrencies, blockchain, and blockless distributed ledgers.
I hope the entire blogging community will strive here and elsewhere.
The article was originally posted on ReadCash.
Cheers! Debesh Choudhury
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Text Copyright © 2023 Debesh Choudhury — All Rights Reserved
Thumbnail Image: I created a cover image using logos of BCH and XRP.
All other graphics and videos are credited just below it.
Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.
Jan 08, 2023
