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Should You Invest in NEO or TRON (TRX)?

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NEO or TRON
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Considering how many believe that cryptocurrencies are the future, a lot of people have developed an interest in them. This interest grew even more since the digital coins gained additional popularity before the bear market hit back in January of this year.

However, even though the prices went down, people still remained intrigued by the concept. As a result, we now have more cryptos, as well as more crypto investors, than ever before. While this is an excellent development for the crypto industry, many are often confused regarding which coin to invest in.

Most decide to go for the coin close to the top, but not the top itself. They also wish to go for a coin that has quality, as well as a vision. This is why people often end up comparing NEO to TRON and trying to figure out which one has more potential.

NEO or TRON — which one to choose?

Both NEO or TRON have a similar ultimate goal, which is to make the future a better place. They are both doing it in their own way. Both coins have previously been within the top 10 cryptos on CoinMarketCap, but have since dropped a bit lower on the list. Currently, TRX is leading by occupying the 13th spot, while NEO is following on the 14th place.

Their shared ultimate goal, as mentioned, is to change the world with their product, and make it better for everyone in it. Their smaller goals, on the other hand, are quite different. TRON wishes to start by dominating and revolutionizing the entertainment industry. NEO, on the other hand, wishes to do the same in the area of smart contract and dApp development. In this regard, NEO is similar to EOS, which is often seen as its biggest competitor.

Currently, NEO has over 66 dApps created on its blockchain. While the current leader in the number of dApps is undoubtedly Ethereum, the fact is that the quality of NEO’s dApps is far greater. This is due to the larger costs of dApp creation, which is why only the best and most confident projects choose NEO. Ethereum, on the other hand, is much cheaper to use, and that is why more projects end up there.

As for TRON, this coin has made an astonishing amount of progress throughout the year. It launched a MainNet, it held several token burns, it launched TRON Virtual Machine among other projects, and it even purchased BitTorrent for the purpose of a new Project Atlas. Even so, its price remains pretty low and is currently valued at only $0.020549 per coin. NEO, on the other hand, is considerably more valuable, with a price of $18.65 per coin.

While NEO obviously has more value per token right now, TRON has grown and expanded more than any other crypto. One of its biggest problems is large circulating supply and even larger total supply. Apart from that, this is a great project that is definitely worthy of investing in.

This doesn’t mean that NEO is bad. On the contrary, both of them are excellent projects, which are simply doing their thing in a different way from one another. This is also the reason why it is difficult to compare them and pick the better coin. Investing in either of them will require patience since investments in these coins are a long-term thing. As for which one to go for, that depends on the investors themselves. It all comes down to your own view of the project, and your own decision of their goal’s value.

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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

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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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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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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