Xcode 11.3.1 running extremely slow

I have a Macbook Pro 13 inch 2017 (Base Model : 2.3 Ghz Dual-Core i5, 8Gb RAM)

I am a student and I just recently started learning Swift and using Xcode, but it is almost impossible, it mostly happens on the storyboard where it freezes because of anything (shows the pinwheel), even adding a label. Sometimes it works faster and it barely freezes and sometimes (most of the time) it freezes, the curious thing is that my computer doesn't get hot or the fans kick in, it just freezes. I'm leaning towards believing my computer is just underpowered for Xcode since using a simulator makes the fans kick in at max every time and it gets hot, and adding labels freezes everything, but the thing is Xcode is the only thing that freezes, if I go on safari or chrome (while Xcode is frozen) it works fast and perfectly, so it may also be a problem with the latest update? Can I get some recommendations?