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We’ve reasons to believe Tron (TRX) is way better than EOS, here they’re

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Tron TRX EOS

With the many existing cryptos in the market (more than 1,600), it is quite often that we find ourselves comparing certain coins only to realize that they’re pretty much the same thing. Now, that’s actually something not to be alarmed for. Why? Because, considering the fact that many of the cryptos out there have been conceived as a crypto that will attack somehow the niche of other but in a better way, or in other words, these days many cryptos are created by deploying forks, an incredibly popular activity in the cryptosphere.

In this sense, two of the coins that have been compared a lot are Tron (TRX) and EOS, and this is mainly because, as it seems, both cryptos try to attack the same issue, the decentralization of the internet; and to do this, they use as well strategies and tools that look very similar one to another.

However, are these coins really related at the end of the day? Let’s see the main facts that can help us differentiate both cryptocurrencies and figure out which might be the better option among two for investment.

Tron vs EOS

  • Platforms: In terms of friendliness, Tron’s platform is way better than the one of EOS (Tron’s Main Net didn’t disappoint like EOS either). In fact, creating an account, picking a username, and starting trading are one of the easiest things for a Tron user to do, it would only take minutes, and to say the least, the reality of EOS in this is completely different. The main issue in the EOS platform is the technicality, the platform uses a lot of technical names and processes that for sure are unknown for a regular enthusiast of the crypto world. So a way to go, Tron, you scored.
  • Earning possibilities: We all love to obtain a profit from our investments in crypto, and this is something Tron is very aware of. Through the Super Representatives voting users have the chance to vote and obtain a profit, and the conditions are quite simple, the more you vote, the more you get, the more TRX you have, the more you obtain… Simple.
  • Community: One of the things that have collaborated the most with the stability of the TRX token is that Tron has managed to build a community that fully believes in and supports the crypto. In this sense, the CEO of the company, Justin Sun, has played a major role in this while constantly interacting with the community through its Twitter account, a place where he normally shares all of the updates, partnerships, and developments that the company manages to accomplish. In hard times such as the ones experienced these days with the market going up and down, Tron’s community has played a crucial role, and that’s not precisely the case of EOS.

Conclusion

Despite the similarities, it is clear that out of the two Tron (TRX) is the one that has the biggest advantages. In fact, the crypto presents itself as the one with probably the largest community, the greatest strategies, and the more polished platform. So a way to go, Tron, and EOS, you have to do a number of things in a better way.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Hermes Rivera on Unsplash

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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