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HBAR May Hold More Promise Than XRP, According to Analyst

Published 10/08/2023, 08:49 PM
Updated 10/08/2023, 09:15 PM
HBAR May Hold More Promise Than XRP, According to Analyst
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HBAR/USD
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  • An analyst from Classy Crypto revealed that he favors HBAR over XRP in his latest analysis.
  • In the video, he revealed that HBAR’s potential is still being explored by multiple industries.
  • At press time, CoinMarketCap indicated that both XRP and HBAR suffered slight 24-hour losses.

An analyst from the YouTube channel Classy Crypto believes that Hedera (HBAR) is currently a better value for money than Ripple (XRP). In a recent analysis, he shared that HBAR has a better risk to reward ratio than the popular remittance token.

When comparing the two, the analyst noted that HBAR has a higher network throughput than Ripple. In addition to this, Hedera has fixed transaction fees, while XRP’s network fees are variable depending on network demand at any given time.

Another key point brought forward by the analyst is that HBAR does not have a specific purpose. Meanwhile, XRP is aiming to become a major player in the banking industry. This led the analyst to state that HBAR’s promise may be far greater than that of XRP given the fact that its potential is still being explored by multiple industries.

Although HBAR holds more promise than XRP, there are still …

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