Bitcoin can be primed to see the large number of large companies and institutional investors buying or investing in the cryptocurrency. However, if you look at the percentage gain this year, bitcoin is still losing out to ripple (XRP).
During the year to Monday (2/15/2021) XRP skyrocketed almost 150%, even briefly more than 160% on February 13. While bitcoin until yesterday "only" jumped 66%.
Performance Bitcoin Vs Ripple (Xrp)
In terms of performance this year, XRP is more than twice as good as bitcoin. While in terms of price, XRP is very much cheaper.
The price of bitcoin ended Trading Monday at US$ 48,217.97/BTC, while ripple was at US$ 0.5564/XRP. Looking at the price of XRP that is not up to US$ 1 per coin, and the price of bitcoin that is almost US$ 50,000 per coin, it can certainly be likened to heaven and earth.
Although both cryptocurrencies, XRP is slightly different from bitcoin.
Bitcoin was originally created as a decentralized cryptocurrency for the payment of goods and services. Decentralization means it is not controlled by a single person or authority.
Ripple, created by the company Ripple Labs, is an open source protocol designed to create faster, transparent and cheaper payment, transfer and currency exchange processes.
Ripple has a cryptocurrency called XRP, but for the general public ripple and XRP it is the same.
In addition, the striking difference between bitcoin and ripple is the amount, which makes the price of XRP much cheaper.
The number of bitcoins is limited to only 21 million. Currently there are about 18.6 million bitcoins in circulation on the market, while the rest can be obtained by mining. Meanwhile, XRP is un mined, amounting to as much as 100 billion, and currently has a market of about 45 billion, and the rest is kept by Ripple Labs.
Unlike bitcoin, many consider XRP to be a cryptocurrency that is not proprietary, as it is controlled by Ripple Labs. That is, Ripple Labs has the power to control XRP values, similar to central banks that can influence exchange rates by controlling their supply.