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The Battle for DApps Between EOS and Ethereum

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EOS
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The EOS Mainnet went live on the 2nd of June amidst a few hiccups here and there. However, this has not prevented the platform from attracting several Decentralized Applications. The total number of DApps on the EOS mainnet currently number 229. Out of these number, 78 are live, 99 in development, 16 in their Beta versions and 18 are in the concept phase. So, we have 229 DApps on a platform that is roughly 3 months old.

This rapid expansion on DApps being built on the EOS platform has prompted one Redditor by the name of Babble9753 to predict that EOS DApps will surpass those on the Ethereum network in number by the first quarter of 2019. His exact comments were as follows:

“There are 1,781 DAPPS on ETH with 10k total daily users. I think there are already over 200 DAPPs being built on EOS and Steem which was built by Daniel Larimer I think often has more daily users than all ETH DAPPs combined and he is building something similar on EOS. When do you think EOS will pass ETH in terms of total active DAPPs and daily users? I think by the end of Q1 next year.”

Analyzing the number of DApps on the Ethereum network, we find that they are 1,781 as stated, and have taken 3 years to get this number – given the fact that the Ethereum network was launched on 30th July 2015. This is an average of 594 new DApps per year.

With EOS having 229 in 3 months, if numbers are to go by, the platform will have approximately 535 DApps by the beginning of January next year. This is without factoring in the exponential rate of growth of the blockchain industry as well as the hype and excitement surrounding the EOS platform. Once we factor this into the equation, it is highly probable that the DApps on the EOS platform will eclipse those of Ethereum by mid next year.

Another factor to consider is the number of DApps migrating from the Ethereum platform to that of EOS. One reason for this migration could be the idea that EOS is a faster more efficient platform to create DApps on as well as a more secure network. There is also the added decentralization evident on the EOS platform that is almost non-existent on that of Ethereum. Only time will tell if the DApps on the EOS platform will surpass those of Ethereum by next year.

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In conclusion, with the EOS platform gaining popularity, it is one more reason to be bullish about the coin in the crypto markets. We even have the Chinese government constantly ranking EOS higher than Ethereum on its monthly blockchain ratings. This is a clear indicator of blockchain superiority.

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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

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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