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Tron (TRX) vs. NEO: A neck to neck battle to become the top 10 crypto

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Whether you are a crypto investor or just an enthusiast, one of the most common things to observe in the cryptosphere is how certain coins move up and down on the lists. Also, how they continually seek to get the remarkable status of being a top crypto, a denomination because of which many coins fight closely with the deployment of different strategies to improve their performance, and with it, their market value.

We can all agree in this matter, that the market is definitely ruled by Bitcoin (BTC) and Ethereum (ETH), but still, there are a few spots available for other coins to occupy, and that is precisely what many tokens intend to do. Among them, we can count for sure Tron (TRX) and NEO, two relatively new cryptocurrencies that seem to be relentless when it comes to strategically designing a plan that may guarantee the traction they need to escalate a little upper in the charts. Let’s see how it goes.

NEO and TRX ambitions

It results clear that the main intentions of these two cryptos are to design a better option than the one that Ethereum provides when it comes to the creation of DApps, a field in which developers are with tied hands somehow. In this sense, although Ethereum definitely has the lead with almost 2000 decentralized applications on its platform, still both of them are making great progress in the development of specific applications of this kind.

So far NEO has 60 decentralized applications in the oven, including Red Pulse, THEKEY, and AdEx. For its part, Tron has a minimum of 9 in development and a bounty program to call for the attention of developers.

NEO and Tron projects

One of the things that these two cryptos have in common is that they have been very outspoken when it comes to announcing their projects. In this sense, NEO recently announced on its Twitter account that the company is currently working on the 3.0 version of their platform.

Tron (TRX) on the other side has announced the strategic partnership with China’s smart toilet giant, MOSHROOM. Tron launched its Virtual Machine on July 31st too, in addition to the revelation of its secret project, Project Atlas. So, clearly, more things are happening for Tron (TRX) compared to NEO.

Current performances of NEO and Tron

At the time of writing, NEO is the crypto number 15th (was on the 11th spot not too long ago) in the market with a value of $21.17 per token, a trading volume of $53,587,145, and a decrease of 4% in price within the last 24 hours. Tron (TRX), on the other hand, now holds three positions above NEO with a price of $0.024, a trading volume of $134,959,748, and a lower decrease of 0.12% in the last 24 hours.

Both Tron and NEO are looking forward to becoming the next top 10 of the market, and truth be told, both have great chances of making this a reality with the exciting projects on development and the expansion of DApps opportunities. Tron is leading the way currently, no doubt, but this was the case with NEO just a couple of weeks ago (was ahead of the Tronix). It is just a matter of time before any of them manage to make it to the top. So stay tuned!

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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.

Image courtesy of Pixabay.com

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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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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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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