HBAR and XRP are two high-ranking cryptocurrencies that have secured powerful partners and attracted billions of dollars worth of investments. Both tokens also boast low fees, high speeds, and scalability. This post will compare HBAR vs XRP, their price forecasts, and other crucial characteristics you might want to consider.
What Is HBAR?
HBAR is the native token of the Hedera network. It covers the network’s transaction fees and in-app payments. It also plays a security role, seeing as nodes that secure the network receive payments in HBAR. Moreover, HBAR can be traded with other coins, much like you would convert BTC to USDT.
Hedera’s hashgraph consensus mechanism distinguishes it from other crypto networks. It allows the network to maintain low transaction costs and handle up to 10,000 transactions per second. In comparison, Bitcoin’s blockchain can only achieve about 7 transactions per second.
As for partners, HBAR works with banks, Mastercard, and IBM. Some of its use cases include asset tokenization, payments, and supply chain tracking. It is especially practical for real-time commerce, where customers must process transactions in seconds.
HBAR Price Prediction
HBAR had a market cap of over $1.7 billion, a circulating supply of over 33 billion HBAR, and was going for $0.050549 a piece at the time of writing. The coin’s all-time high value was $0.57 in 2021. Additionally, its max supply is 50 billion units. Here’s what prediction experts think about the future of HBAR:
10 Must-Follow Tips How to Secure Your Small Business?- DigitalCoinPrice thinks HBAR will sell at an average of $0.12 in 2024, $0.17 in 2025, $0.22 in 2026, $0.22 in 2027, and $0.96 by 2032.
- PricePrediction projects HBAR’s price to reach $0.088 in 2024, $0.13 in 2025, $0.19 in 2026, $0.28 in 2027, and $1.93 by 2032.
What Is XRP?
XRP is the token that powers Ripple, a money transfer network targeting the financial services industry. The token consistently features on lists of the top 10 cryptocurrencies by market capitalization.
Like HBAR, XRP differs significantly from other cryptocurrencies because it does not use blockchain technology. It doesn’t rely on proof of work or mining new XRP units. Instead, it uses a proprietary consensus mechanism called HashTree.
HashTree achieves consensus by only comparing a single value obtained by summarizing the ledger’s data, while blockchains compare all the data. HashTree takes less resources.
Innovative Modern Business Techniques that You Can Try in 2020XRP’s use cases include cross-border payments and micropayments, e-commerce, P2P lending, smart contracts, supply chain management, and insurance.
XRP Price Forecast
This coin had a market cap of over $27 billion and a circulating supply of more than 53 billion XRP at the time of writing. Also, it was going for $0.52, while its all-time high was $3.84. Here are some price projections:
- DigitalCoinPrice.com sees XRP selling at $1.24 in 2024, $1.72 in 2025, $2.11 in 2026, $2.11 in 2027, and $9.82 by 2032.
- PricePrediction.net forecasts XRP’s price at $1.10 in 2024, $1.67 in 2025, $2.52 in 2026, $3.66 in 2027, and $22.8 by 2032.
HBAR vs. XRP: Comparing the Crypto
| HBAR | XRP | |
| Technology | Hashgraph | HashTree |
| Consensus Mechanism | Gossip protocol | XRP Ledger Consensus Protocol |
| Use Case | asset tokenization, payments, supply chain tracking | cross-border payments and micropayments, e-commerce, P2P lending, smart contracts, supply chain management, and insurance |
| Token | HBAR | XRP |
| Partnerships | Mastercard | Modulur, Nium, and SBI Remit |
| Market Capitalization | $1,727,959,549 | $27,820,215,796 |
HBAR vs. XRP: What to Choose?
HBAR is Hedera’s native token. It is extremely fast and cost-effective to transact, with potential applications in asset tokenization, payments, and supply chain.
The Advantages of Laravel for Enterprise-Level ApplicationsOn the other hand, Ripple uses its proprietary XRP Ledger consensus protocol. It’s fast, too, and has potential applications in cross-border payments and e-commerce. What’s more, expert predictions suggest XRP will experience a steeper price hike than HBAR, so XRP might provide a more lucrative investment opportunity.
