This one has RGB lighting. That is the only difference I know of.

So the only difference is the RGB lighting of the microphone and of course the price. But if you have the cheaper microphone, it always lights up red and if you buy this version, you can set the colours and have certain colours as well as mixed colours. You can use that for example if you have a certain colour on your gaming setup. My gaming setup is blue so I will set the microphone to blue instead of red all the time. Hope this answer helped you