With OpenAI launching its artificial intelligence (AI) tool ChatGPT, the ensuing hype has given birth to other powerful AI platforms, including Google Bard, which has proven itself useful in cryptocurrency market analysis, including comparisons between assets like Stellar (XLM) and XRP (XRP).
As it happens, Finbold asked Google Bard to provide a comparison table on XRP and Stellar, from both a utility and investment point of view, as well as to pick one of them to invest in and substantiate its choice with meaningful arguments, to which it expressed a preference for Stellar.
Why Bard prefers XLM
Specifically, provided detailed insights on both Stellar and the XRP token but concluded it would rather choose to invest in Stellar, arguing it had “a lot of potential to disrupt the financial industry and provide affordable and accessible financial services to people around the world.”
Furthermore, Bard said it liked the fact that “Stellar is more decentralized,” which makes XRP “more vulnerable to a single point of failure,” as well as that XLM “has a more community-driven approach,” even though “XRP has a larger and more active community.” However, it also said a larger, more active community could be a disadvantage “as it can make XRP more susceptible to price manipulation.”
In terms of specific comparisons, Bard found XRP and Stellar similar in transaction speeds (3-5 seconds), fees (“very low, typically less than a penny”), and technology (distributed ledger), with slight differences in purpose – XRP facilitates “fast, cheap, and secure cross-border payments for banks and financial institutions,” whereas Stellar provides the same, but for “individuals and businesses.”
On top of that, Bard said XRP was more scalable than Stellar, making it “a better choice for high-volume applications, such as cross-border payments between banks.” That said, “XRP is more volatile than Stellar, and it is also facing a lawsuit from the [United States Securities and Exchange Commission (SEC)],” as the AI tool noted. Finally, it observed that “XLM is a newer and more innovative project than XRP.”
Stellar price analysis
Meanwhile, the price of Stellar at press time stood at $0.1423, recording an increase of 2.45% in the last 24 hours, a 4.47% decline across the previous seven days, as well as a 45.01% gain on its monthly chart, according to the latest data retrieved on August 9.
XRP price analysis
At the same time, XRP is changing hands at the price of $0.644, which represents a 4.64% gain on the day, a loss of 7.40% in the last week, and an advance of 37.01% across the previous month, as the most recent charts indicate.
All things considered, both crypto assets have their own advantages (and disadvantages), and one’s ultimate choice for investment will have to depend on individual preferences, goals, and risk tolerance, with detailed research being of critical importance in this process.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
