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Reasons Why TRON (TRX) Can Rival, and Potentially Surpass Ripple (XRP)

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Rivalry in business has never been that much of a bad thing. Most of the time, it pushes the rivals to their limits, with each of them trying to become better and come out on top. The same goes for the world of cryptos, and this time, we will take a look at how TRON (TRX) rivals with Ripple (XRP).

TRON vs Ripple

For most of its “life” TRON was mostly compared to Ethereum (ETH), due to the underlying tech of the currencies. Lately, however, a new rivalry has been hinted at, and this one puts TRON against Ripple.

The two are not exactly traditional rivals, which is obvious once you take a look at what they are trying to achieve. Ripple’s aim was always at financial institutions and major banks, and its goal was to become the crypto of choice for entities belonging to this category. TRON, on the other hand, has been focusing on doing the same, but in the sphere of the digital entertainment industry.

However, even with their focuses being in entirely different fields, these cryptos seem to be a lot alike when it comes to certain sets of features. Since Ripple’s development came first, it is more than obvious that TRON’s team has done things in a similar way on purpose, by being inspired by Ripple’s methods.

Some of these similarities include low-to-nonexistent transaction fees, great transfer speed, significant liquidity, as well as scalability. Because of this, many are expecting TRON to go as far as to replacing Ripple.

Why do we expect so much of TRON?

With TRON’s successful launch of TestNet, as well as its launch of MainNet only a few days ago, it is obvious that TRON is advancing. Its current price is at $0.060717, and it has yet to rise following the launch of the MainNet. However, there are several other reasons why this currency is expected to succeed Ripple, and become an even bigger name in the world of cryptos.

The first reason for this is its market utility. Ripple has been known as an industry leader when it comes to offering utility and has managed to hold its own, while many other cryptos have not been able to come anywhere near its heights. Its transaction fees were only a fraction of a penny, which has made Ripple very popular crypto for making transactions.

However, TRON has managed to come very close to matching this achievement, and it will only continue to improve, now that the MainNet is live. Other than that, it is important to remember that TRON is created so that it can scale. It offers over 1000 transactions per second, which will become one of the most important features after the prices finally stabilize, and we are able to go beyond that issue. Add to that the fact that transactions are basically free, and TRON will easily become one of the best methods of sending money.

The second reason for TRON’s rise is the fact that it has found its own industry where it can dominate. While XRP has been concentrating on banks, TRON went for digital entertainment. This was a smart decision, considering the popularity of gaming around the world, which has been on the rise for decades, now. Another smart thing that TRON did is choosing an industry and sticking to it, instead of trying to tackle as many as it could at the same time.

The third reason includes the confidence that the crypto is getting from its parent company. For XRP, that is the company Ripple. It owns and controls the crypto, and it doesn’t allow anyone else to mine it. Due to its reputation and business strength, the price of XRP has been a bit more stable than those of other cryptos. At the same time, the banks decided that it is worthy of their trust.

TRON, however, can use the same method of verification thanks to Justin Sun, and the TRON Foundation. Sun has been more than just TRX’s creator. He has proven to be an invaluable asset to TRON and was directly responsible for its growth. He has managed to capture the interest of investors and focus it into his crypto. It is safe to say that TRON would not have been nearly as close to its current position if not for Sun and his marketing skills.

Coinbase might go for TRON over Ripple

Coinbase has been one of the biggest names when it comes to crypto exchanges, and for quite some time, too. Its preference of cryptos has not changed that much over that time, and it has been very picky regarding which coins it will support and offer.

Lately, however, there were speculations that it might give a chance to several other coins, and it is largely believed that TRON might be the one that will join, rather than Ripple.

There are several reasons for this potential decision as well. For example, Coinbase’s goal is to generate more trading. By accepting TRON, it can easily do this due to its popularity. Also, getting TRON is much cheaper than getting XRP, and the coin still has very high volume. Also, TRON was rumored to be going to a new base in San Francisco, which would make it much closer to Coinbase, which is based in the same city.

Not to mention the rumor that was later confirmed, and that states that Feng Li, who is an investor in both TRON and Coinbase might have more than enough power to influence this decision. So yes, if TRON gets the opportunity to join Coinbase, it will definitely not waste it, and many believe that this might happen before the year’s end.

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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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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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