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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…