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NEO Overtakes Tron (TRX) On CoinMarketCap

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The last several days have finally seen some positive development for many cryptocurrencies, with their prices spiking up seriously for the first time in weeks, or even months. Such a change has had various effects on the market and has even managed to change places that some cryptos are having on the ranking lists – mainly TRON (TRX) and NEO.

NEO and TRON

As many of you already know, NEO is a cryptocurrency that has been around for a while now. It was created on a blockchain that was designed to build a scalable network for smart contracts, dApps, and similar projects. Originally, it was called AntShares but has changed its name to NEO in 2017, with the intention to have a new beginning.

This is a cryptocurrency with a lot of potentials, and even China recognizes its might. This is important to note, considering that China is not really crypto-friendly most of the time. Still, they support NEO, which gives NEO an opportunity to take the lead in this country’s market and establishes dominance.

TRON (TRX), on the other hand, is crypto dedicated to improving the digital entertainment. as well as to serve as a content distribution platform. It is really young crypto, founded by Justin Sun in September 2017. Ever since its creation, it seems that TRON has been making one win after another. It entered countless partnerships, launched a TestNet, entered more partnerships, and then even launched its MainNet just a little over than a month ago.

After a successful launch, it started the token migration from Ethereum’s ERC-20 tokens to its own TRX coins. As part of the Independence Day celebration, TRON even decided to burn 50 billion TRX tokens that are still on Ethereum’s blockchain.

NEO takes over the 10th position

Despite what seems like an endless stream of good decisions, constant marketing by Justin Sun, and even the purchase of BitTorrent, TRON’s value is still pretty low, and the crypto has even slipped on the 12th spot as per CoinMarketCap.

The interesting thing is that NEO has managed to rise above it on the list, and it currently sits at the 10th position. This has come as a surprise to many, despite the fact that most crypto enthusiasts often claim that they would go for NEO before TRON.

TRON and NEO do not really share a lot of similarities. Their goals are completely different, and both cryptos are in their own supposed rivalries with other coins. Their prices are largely different, with NEO being valued at $41.76 by the CoinMarketCap, and TRON’s price being $0.039089 per coin.

Their market caps are about the same, with $2.5 billion for TRX, and $2.7 billion for NEO. Obviously, according to these stats at least, the coins are at the similar place. However, it would seem that NEO has started gaining unexpected popularity. Its already enormous community has started rising even more, and which means more exposure when it comes to the new investors.

When it comes to TRON, many believe that its numerous partnerships are failing to help this crypto benefit as much as it could. They also say that nothing is really happening with TRX, outside of the partnership tweets, and the current development might be an indication that there is something to it. After all, TRON should be in a much better place right now, with everything it achieved in the latest period. Instead, it keeps slipping.

Right now, it is not certain what will happen with either TRON or NEO. The prices of both the coins have seen a lot of improvement in the last few days, and it would seem that the crypto market is in the right mood, at least for the time being. Whether this will continue or not, remains to be seen. Also, if the prices drop again, will NEO do so as well? Maybe it will, which would allow TRON to reclaim its old position. We can only speculate at this point, but one thing is certain – in the right conditions, NEO is definitely thriving and exceeding TRX with ease, despite its numerous recent wins.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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