There has always been talks and comparison between multiple tokens and coins in the top 50 tokens in the market. When comparing people forget the fundamentals of comparisons, you need to compare things that are in the same bandwidth/technology or basically something that can be equated together.
To put it lay man terms, you can’t compare Brad Pitt and Ronaldo. They are people from different leagues, doing different things, in different industries. Although the comparisons here are in general cryptosphere, the agenda for the comparison has to be clear. Many from the community on reddit and other social media platforms have been recently comparing Ethereum and Ripple’s XRP after the recent event where XRP destroyed Ethereum and toppled it to gain the second position.
When comparing Ethereum and Ripple’s XRP, the major points that just seeps through and shine are that Ethereum is decentralized but Ripple’s XRP is centralized. There have been many articles which has shown that XRP is probably more decentralized than Bitcoin. The point still remains that a huge portion of XRP is still held by the Ripple foundation and another major chunk is owned by its founder and the core team.
That however, cannot be a point to dislike a certain cryptocurrency. When Vitalik and the other co-founders started Ethereum, the idea was decentralization. The idea was to change the world. Ethereum in that respect has been the most adopted, there are many projects that have been built on it, real-world problem-solving projects that have been highly successful in the vast ocean of scam or failed ICOs.
Before comparing people from the community have to understand that both tokens have a strong character and you can’t just pick and choose the coin based on your portfolio or what you “feel” is strong.
Mark George, an investor and a trader spoke to Cyclicmint and says,
“The underlying factor is how much money was it able to get you in the past few months. People like stuff that can make you money and that too tons of money. What happened with Ethereum during its initial ICO and the pump to a $100 was that a lot of people made money. With XRP, it slowly gained more users because of the apparent “cheap” nature of the token. XRP multiplied and gained more than 10X value in a span of a month last year during the bull run. It’s just a matter of time that XRP does it again, there is market potential for that”
The underlying factor like Mark says is that the adoption level during a price rise is not seen but what happens during that time is it gains users and followers. The time when the price is stable when the market adoptions are happening. Currently, to compare Ethereum and Ripples’ XRP is unfair, both of them have different fundamentals. The only thing that is probably different for these currencies is the difference in love for them by the community.