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Reasons Why TRON (TRX) is Expected to Shine

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TRON
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Despite a large amount of turbulence that has been hitting the crypto market ever since the beginning of the year, a lot of coins seem to have been experiencing a rise in value. One crypto that seems to be trying whatever it can to ensure its way to success is definitely TRON (TRX). This crypto has a lot going on, and many believe that it will steal the spotlight by the end of this year.

Is TRX better than ETH?

TRON’s price is nowhere near the value that it has a potential to achieve, but a lot of its supporters are convinced that it is only a matter of time before this crypto shines. It’s CEO, Justin Sun, constantly reminds TRX’s community that big things are coming, and is sure that TRON’s rank on the crypto market will drastically improve.

Sun has even gone as far as to claim that TRON is better than Ethereum (ETH). He said so in a tweet where he lists seven reasons why this is true. His reasons include comparing TRON’s 10,000 transactions per second, where ETH can only handle 25. He also pointed out that TRX does not charge additional fees, while ETH has some pretty high ones. The list goes on, and it has actually enraged many who saw the tweet.

A lot of users felt like TRON’s CEO is degrading ETH, which provided a lot of support for this crypto ever since it first came to be. Others have accused TRON of having a copied whitepaper, and that Sun’s analysis of the two cryptos is extremely one-sided.

Can TRON really stand above other cryptos?

The answer here is probably yes. Or, at the very least, TRON has a potential to do so.

There are multiple aspects that build up that potential, and TRON’s soon-to-be-launched MainNet is definitely the biggest one. The launch is expected to be in a little more than a week, scheduled for May 31. Once the MainNet is up and running, all of TRON’s tokens will migrate from ERC20 to TRX, which is expected to be done by June 21.

TRON has already tested this concept by recently launching a TestNet. The test was made mostly to confirm the soon launch of MainNet, and all seems to be going well for this crypto. There were doubts regarding the MainNet, and a lot of them came from Ethereum’s very own founder, Vitalik Buterin. He even stated that TRON’s project has no soul, but many in TRON’s community believe that he said so because ETH has a lot to lose if TRON’s project turns out to be successful.

One thing is certain, and that is the fact that MainNet’s launch will make it the biggest dApp platform on a global scale. All of TRON’s previously built dApps will also migrate from Ethereum, and TRON will become its serious competition. It is no secret that Sun wishes to create an ecosystem larger than the one Ethereum has. And it will probably manage to do so with ease since it already has 100 million dApp users.

TRON’s team and popularity are growing

Another reason why TRON has a lot of potential is its development team. The team started small, of course, but it managed to grow to a hundred people over time. Also, these are no ordinary developers, and many of them came from Tencent, Alibaba, and Amazon, which are all very reputable and prestigious companies. They are among those who rule the Internet these days, and if their developers have joined TRON, then that is proof enough that the team knows what it is doing.

TRON’s popularity is also a very big part of why it can achieve even more success. It is accepted by 37 exchanges and has managed to enter 7 fiat trading pairs. Most of the mainstream exchanges are expected to list TRX as well, probably as soon as the MainNet proves its worth.

However, there is also the issue of marketing, and Justin Sun has proved to be pretty cunning when it comes to this. One of TRON’s innovations is the announcement of an airdrop consisting of 30 million TRX tokens that TRON is planning to release to ETH’s community. TRON has stated that this is to be done in order for the crypto to show its gratitude for ETH’s support during the ERC20 phase. However, many believe that this act has an alternative goal, which is to give ETH’s community a taste of what TRX has to offer.

If they experience the new form of decentralization that TRON is offering, and become convinced of TRON’s superiority, ETH will quickly start losing its support.

So, yes, TRON definitely has a potential to achieve greatness once the MainNet is launched. Many believe that it will stand above all other cryptos someday, or at the very least, become ETH’s equal.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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