Better Buy: Bitcoin vs. XRP
Which of these popular cryptocurrencies is a better buy right now?
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are very different types of cryptocurrencies. Bitcoin, which has a market cap of $1.7 trillion, is the world's most valuable cryptocurrency. XRP, which has a market cap of $125 billion, is the native token of Ripple's blockchain-powered payment platform.
Bitcoin is mined through the energy-intensive proof-of-work proof-of-work mechanism, and nearly 20 million of its maximum supply of 21 million tokens have already been mined. Every four years, a "halving" takes place, reducing by 50% the amount of new Bitcoin that miners get for each block on the blockchain they validate. Based on the code that underlays the crypto, the last Bitcoin token will be mined in 2140. However, its finite supply makes it more comparable to gold and other commodities.
Image source: Getty Images.
