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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

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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