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Altcoins

Dash vs NEM: Which Coin Is A Better Investment?

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Dash vs Nem
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Ever since Bitcoin (BTC) became big, numerous altcoins have appeared, each wishing a part of BTC’s glory for itself. Of course, this is not all that these coins desire and many of them have quite important goals. Some wish to make the entire internet decentralized, while others aim to offer greater privacy when it comes to making transactions. In the end, each coin has its own story, and that is one of the reasons why many new investors often get confused about which one to invest in.

As new investors, newcomers are never experienced enough to go for lesser-known altcoins. However, they also often do not have the skill and funds to handle the top of the crypto list either. Instead, they focus on the coins among the top 20, but below the top 5. Because of this, many have started to ask around about different coins, with a lot of newcomers being interested in Dash vs NEM comparisons.

This is what we will explore today, and try to see which of these two coins is a better choice for would-be cryptocurrency investors.

Dash

Dash is a coin that is pretty different from most other altcoins. Where most other crypto projects are focused on becoming development platforms, Dash has always worked hard to become a dominant form of electronic cash. It aims to become as liquid as real, traditional money. Even so, it is still created upon Bitcoin’s core code, but it brought a lot of its own features to it.

Dash, of course, has its own blockchain, wallet, community, and it is even open-source. However, it differs from BTC by several important aspects, such as low transaction fees, great transaction speed, as well as privacy. In fact, Dash is known for being a privacy coin, which is a coin that allows its users to remain anonymous, and their transactions private.

Since everyone knows how important privacy is on the internet, it should not come as a surprise if we say that Dash will likely always be needed. At the moment, the price of Dash is at $180.21 per coin, which is significantly lower than its all-time high ($1,526), but there are many who believe that the coin will eventually regain its value.

NEM (XEM)

Next, we have NEM, Dash’s mortal enemy in today’s Dash vs NEM comparison. NEM is a project that aims to provide security to crypto assets and to increase the scalability of its algorithm. So far, it had a lot of success in achieving its goals, and it can process hundreds of transactions per second.

NEM has also received a lot more attention as a coin that focuses on security, especially after the recent Tether hack. After a hack like that, users generally tend to start thinking more about the security of their assets. As a safe coin, NEM has experienced more appreciation, as well as a significant increase in value over the last 14 to 16 months.

A lot of analysts believe that a coin like NEM is the future since it provides such high levels of security. They even go as far as to say that NEM might reach the top 5 coins in the near future. It certainly seems like a good investment, with increased scalability, security, and even decent levels of stability. especially when compared to other altcoins. NEM’s current price is $0.104084, and the coin holds the rank of 17 as per CoinMarketCap.

Dash vs NEM: Who wins?

Giving an answer to who would win in a Dash vs NEM fight is not simple. It is probably not even possible. Both coins have their use cases since there is always demand for privacy and security on the internet. Where Dash can provide anonymity, NEM can provide safety. Both coins have their own features, as well as their own communities. Dash has a better price, and it is also ranked higher on the list of largest coins per-market cap.

However, this doesn’t mean that it is a better coin since Dash and NEM do not really offer the same thing. In the end, it all comes down to the investor, and what they are looking for. Both coins have proven to be able to understand their users’ needs, which is why they are among the top 20.

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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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