XLM and ICP tokens are both native to their respective Stellar and Internet Computer blockchains. They both potentially have major opportunities for growth. However, they still have differences that could influence analysts’ choices.
The crypto analyst behind the YouTube channel “Lee the Captain” weighs in on the ICP token and XLM based on substantial room for growth. The YouTuber favors buying Internet Computer over Stellar.
The analyst said that ICP has the capacity to achieve price multiples, asserting that it has a better chance of reaching over a 20x increase compared to the XLM price. He praised the Internet Computer token as the “world’s most productive blockchain,” focusing on its ambitious goal to decentralize the Internet.
He believes that this grand vision, combined with the blockchain’s emphasis on decentralized AI, is an industry projected to reach nearly $2 trillion by 2030. This positions the ICP token well for future growth.
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Internet Computer Token Edges Stellar’s XLM in a Competitive Market
Moreover, Lee the Captain pointed out the advantages of ICP tokens over other blockchains like Solana and Ethereum, criticizing Solana for its reliability issues, including multiple network outages, and mentioned Ethereum’s high gas fees and dependence on layer-2 solutions.
In contrast, the ICP token price boasts an impressive cost per instruction that is over 40 million times less expensive than Ethereum, with its efficiency.
While the analyst acknowledged the strengths of XLM’s price, he expressed skepticism about its growth potential. He believes that while Stellar could see price increases, reaching $5 to $8 or surpassing $20 seems unlikely due to fierce competition in the global trade and finance sector.
He also noted that the payments market, valued at over $2 trillion, presents significant challenges for XLM’s price, making it hard for the cryptocurrency to stand out.
Despite its challenges, he recognized that XLM benefits from a solid community and good exposure, particularly during bull runs. He suggested that XLM price could gain traction alongside other altcoins if Bitcoin reaches new highs, such as the anticipated $200,000 mark.
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The analyst, without dismissing Stellar as a viable investment, firmly positions the ICP token as the more promising option. With its potential for exponential growth, commitment to decentralization, and focus on innovative technologies like AI, Internet Computer captivates investors looking for substantial returns in the ever-evolving cryptocurrency market.
