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Can TRON (TRX) Soon Outshine Ethereum?

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The recent announcement by TRON’s (TRX) founder, Justin Sun, states that TRON MainNet already has over 100K registered accounts. Sun believes that even more of them will come soon due to TRON Virtual Machine.

TRON MainNet hits 100,000 users

There is no denying that TRON (TRX) has made incredible progress this year, even though 2018 so far has been one of the least crypto-friendly years in the last decade. TRON did not allow this to distract it, and has had too many achievements to count, most of which came in the last three months.

Instead, the altcoin is getting stronger and more resistant to negative market development. Not only that, but Justin Sun’s countless Twitter announcements have led to increases in this coin’s popularity as well. More and more people are discovering TRON, learning about it, and joining its already incredibly huge community

https://twitter.com/justinsuntron/status/1024947109617840128.

In fact, even though TRON launched its MainNet only two months ago, Justin Sun claims that it already has over 100,000 registered accounts. The soon-to-come TRON Virtual Machine (TVM) is expected to attract many more users, and Sun seems to be sure that TRON’s new Project Atlas will see that number eventually spike up to 100 million. Additionally, the block height of TRON has reached 1100078, with an official number of online nodes being 368.

With a situation like this, a lot of TRX enthusiasts have started wondering if TRON may be on its way to outshine Ethereum (ETH) like Sun promised.

TRON (TRX) before and after the MainNet launch

As mentioned, this was a big year for TRON, and a lot of changes happened in its ecosystem. Before its MainNet went live on June 25, TRON was still on Ethereum’s network and has used its ERC-20 token standard. Many believed that TRON will turn on Ethereum as soon as it got the opportunity to leave its network and that it would become its main contender.

Even back then, TRON’s dApp users exceeded 100 million, and it was largely believed that TRON will grow even stronger once it gets on its own blockchain.

Then, the MainNet was launched, and it was not followed by a period of stagnation. Instead, Sun’s team continued further development, bringing more and more partners, new products, and of course, TRON kept on its mission to close the gap between it and ETH. Generally speaking, TRON never abandoned the goal of becoming a better platform.

On several occasions, it launched bug bounty programs and rewarded its community for every contribution that they made. Additionally, it made a few steps toward expanding into everyday use by entering partnerships with a garage in the UK, as well as a taxi service in Spain.

One of its largest applications was also seen not too long ago when TRON made headlines for partnering up with Pornhub, which accepted it as a valid payment option. Finally, one of the most recent events was Justin Sun’s purchase of BitTorrent, and the announcement of the secret project. While fans of the coin were left to speculate what the project was about for several weeks at first, the project’s official reveal also arrived only days ago.

Sun stated that the project will involve merging of BitTorrent with TRON, which is expected to bring even more users, and help TRON go up to 80 times faster than ETH. It also allowed TRX to become the largest decentralized ecosystem today, and that is a major success for this crypto, which, despite everything that it already achieved, still doesn’t show any signs of stopping.

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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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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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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