Should You Invest in NEO or TRON (TRX)? - Global Coin Report
Connect with us

Altcoins

Should You Invest in NEO or TRON (TRX)?

Published

on

NEO or TRON

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.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Press Release