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

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Tron NEO
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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.

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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