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The battle between Ripple and Tron: Who will emerge victoriously?

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Taking a deep look at Tron (TRX) and Ripple (XRP), you will realize that both of them are rivals in the crypto-market today. Recently, Tron (TRX) launched its own MainNet and it got listed in Indonesia’s biggest cryptocurrency exchange platform and as a result of the launch of MainNet, the cryptocurrency is increasingly becoming a threat to other digital currencies including Ethereum.

This is just the icing on the cake, but comparing and taking a bite at each other instead of moving forward might be not in the best interest for the both of them. Nevertheless, if you look at both cryptocurrencies you would discover that they both work to achieve the same goal and that is to get more users to adopt their blockchain technology. For this reason, we are safe to compare these two cryptos and know which of them will attract more investors to their blockchain technology.

Does Ripple (XRP) Have an Edge Over Tron (TRX) Now?

As it stands, Ripple is doing quite well in the market today but it is very difficult to ascertain which of them is better than the other. There haven’t been any public broadcast saying one is better than the other; this is another reason why the comparison of both cryptos need more facts to be added in the study in order to determine which of them, Ripple (XRP) or Tron (TRX) has more hegemony than the other.

To begin with, we are safe to say that Ripple (XRP) is doing very great, due to the fact that it is attaining the goal that has been set by the Ripple Foundation in order to improve the future of their blockchain technology as a well as the main goal of acquiring many users to adopt its blockchain technology.

Furthermore, the Ripple Foundation is more poised in becoming forefront among big financial banks around the world today and this is also the same as Tron. Its major stride this year (so far) is its partnership with Santander, Western Union, and MoneyGram and it is surely a major boost when considering the analysis between these two major cryptos. Indeed, we should not forget that Ripple is the third largest cryptocurrency in the market, too.

Its partnership with Santander paved way for the creation of OpenPay FX which is the first mobile app for cross-border payments. The creation of OpenFX by Santander couldn’t be achieved without the use of Ripple’s blockchain technology. Right now, Santander users in Europe and every part of the world can be able to make cross-border payments to any part of the world much easier. It is essential to know that this application, OpenFX, is secure, fast, and efficient.

And of course, Ripple’s recent alliances with SBI Virtual Currencies exchange and the potential adoption by the Bank of America are worth noting as well.

With these strides, we can easily conclude that Ripple is moving at a faster pace than its counterpart; meanwhile, it constantly surprises the media with exciting news. At the same time, its Ripple Foundation is keeping track in ensuring that it constantly has more user to adopt its technology on a daily basis. Just recently, Brad Garlinghouse, Ripple CEO, hinted many banks would adopt Ripple (XRP) as 2018 ends.

Although there are certain faults on Ripple’s end and that its decentralized system as this is creating more fears among its investors. Besides, there have also been some complaints on Ripple on controlling its currency, XRP, judiciously and the currency is usually being omitted in its protocols such as xCurrent and xVia.

Nevertheless, Ripple Foundation is shrewdly taking care of both Ripple and XRP but it does it in an unusual way employing a different strategy. All in all, we can say Ripple (XRP) stills leads Tron here.

Is Tron Advancing Quicker Than Ripple?

Although Ripple has an edge over Tron in the sense that it was launched much earlier than Tron; but Tron is keeping up with the pace and it is emerging as one of the best digital coins in the world today. Earlier this year, Justin Sun stated his plans (or we can say his dream) to make TRX one of the biggest cryptos in the market, this plan is being actualized daily.

However, the evidence of the plans becoming actualized is in the launch of MainNet, which means that Tron (TRX) doesn’t need the technology of Ethereum to operate anymore. Although, Justin Sun has never come out publically to challenge Ripple or other cryptocurrencies as it seems both Ripple and Tron are working on the goal of introducing as many people as possible to embrace their individual blockchain technology.

Even though Ripple has achieved many strides with major financial institutions all over the world, Tron, on the other hand, has taken much interest In the entertainment industry in making sure that the industry makes use of its blockchain technology for its operations.

Additionally, with the latest achievement in launching its MainNet and a careful thought of designing its cryptocurrency before its initial coin offering has enabled Tron to look like some of Ripple’s features. More than 70 crypto exchanges listing the Tron already is yet another thing that entitles Tron (Tron) for all the fondness.

Nevertheless, with Tron’s strides, it may outdo Ripple in the cryptocurrency market, whereas Coinbase might decide who the leading cryptocurrency is, but they have been many predictions and stakes on who will win. For now, we just need to keep our fingers crossed and see what happens at the end since both cryptocurrencies are achieving great feats every day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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