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Tron (TRX) or Ethereum (ETH) which one should you invest in?

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Tron TRX Ethereum ETH

Choosing a particular currency to invest in has very little to do with how well we consider a project or what we believe it stands for. It’s all about trying to figure out if the coin will grow in value as the platform associated with it will be adopted and achieve new partnerships and, as a consequence, the coin’s price will rise. So the main point to consider, if you want to become an investor in the crypto world, is to determine which asset has better chances to be profitable.

Ethereum (ETH) is the world’s most crucial cryptocurrency after Bitcoin in terms of market capitalization, and it’s had several successes recently. Tron (TRX) is not even a full-year-old yet (the crypto will turn one year old this July 1st), but it’s about to launch its very own platform, and has a very respected leader Justin Sun who is hugely admired and respected in the business world, not just among cryptocurrency fans.

Tron’s rise has been so impressive and so quick that it’s now being lauded as a candidate that soon will be playing with all the market’s bigger boys (Ethereum and Bitcoin included).

Ethereum (ETH) is the second most recognizable cryptocurrency, thanks to its recent successes and ranks behind Bitcoin only in market capitalization. TRON (TRX) is an emerging platform, soon to launch its Mainnet and lauded as a potential top contender in the market. Which one makes for a better investment?

Why TRON (TRX)?

TRON is becoming a star cryptocurrency very quickly. It’s been up and down, but behind its fluctuations, Tron’s founder and CEO Justin Sun’s resolution, to make it work and create a web that is decentralized and democratic remains rock solid. 

TRON’s coin is called Tronix (TRX). It has seriously tanked before, mainly due to the speculative influence that sometimes a massive influx of inexpert investors brings to the market.

There are two things about TRON that could make it the superior investment choice: it’s new Main Net’s potential, and Mr. Justin Sun’s proficiency at marketing and leadership

Tron’s new Main Net

The new Main Net, which is scheduled to come online this next May 31st will impart TRX and the network with a set of advantages that Mr. Sun has hailed as much better than Ethereum’s. 

While Ethereum fans were less than thrilled to hear that (not to say hostile), Mr. Sun usually delivers on promises and those new features could allow Tron to be adopted in mass very quickly.

The transaction fees will be 0.00001TRX per transaction (you don’t get any closer to zero than that). The network scalability will grow dramatically (delivering as many as ten thousand transactions per second). 

These features will be critical as Tron attempts to take over and decentralize the whole world’s entertainment industry which is one of the foundation’s core aims and values. If the gaming industry takes TRX seriously, it will become valuable sooner or later.

Effective marketing

Last April Tron did a thirty million dollar airdrop to the Ethereum community. This brought TRX into many new user’s awareness, and all these new users are now paying attention to the Main Net launch. 

The launch includes an incentive package for users and community members worth two billion dollars, no less. This will pull users and developers into the new infrastructure, create a broader community that will be very committed to the project and that will work hard to bring Tron into the mainstream through adoption.

Being a little speculative, there is a chance that TRON’s rise could make some of the world’s big tech companies pledge their support through adoption and other means. 

Alibaba is often cited as the leading candidate because Mr. Justin Sun is Mr. Jack Ma’s (Alibaba’s founder) protegé and former student. This would be delightful news for Tron.

Ethereum (ETH)

Ethereum is the crypto world’s darling right now. It’s more influential, known, and has both the market’s momentum and inertia going for it. Some observers even think it could leave Bitcoin behind at some point in terms of market capitalization. Some projections put ETH’s value at its peak by this year’s end.

DeVere Group’s CEO, Mr. Nigel Green, is quoted as saying,

“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020.”

While Ethereum remains the platform of choice for developing decentralized applications and launching ICOs, that’s because it’s been virtually unchallenged so far on that. 

But as five new cryptocurrencies will be releasing their own Main Nets this very year, Ethereum’s dominance in this regard could be short-lived or, at least, seriously challenged very soon.

But for the time being, new projects appear all the time on the platform. Gas, weather, space exploration, just to name a few. The new apps developed in the platform (and that end up working) will add value to its underlying currency.

Ethereum improves through upgrades

Ethereum’s dominance will stay around for a while yet. But it presents some scalability limitations and problems, and the relatively high fees it charges make developers feel attracted to other platforms. 

Mr. Vitalik Butrin and his team have perceived this problem and are working hard to improve the platform by releasing relevant upgrades. Sharding and Casper are some good examples. It’s possible that the new proof of stake algorithm will send Ethereum through the roof.

However, there is a very serious potential problem. Ethereum could be legally classified as a security, and that would make its value drop. While could only be a hiccup that will allow it to recover value in time, it would not play well in terms of investor confidence.

Last thoughts

Tron (TRX) position as one of the most successful (if not the most) emerging platforms and Mr. Justing Sun has been playing his cards very well, so it’s making it stand out and deliver on short-term goals. 

There’s a chance it will catapult this year, so this would be the right time to join. Ethereum is in a different situation; it just needs to come up with the correct upgrades to continue it’s unstoppable path to the top.

So this is something of a David vs. Goliath situation. If what you want is a cheap coin that holds lots of potentials, then TRON is the way to go. Its current price is cheap enough that buying TRX in bulk will not set you back significantly. If, on the other hand, you have enough money to get into Ethereum, the returns will be nothing to sneer at.

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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 Pxhere.com

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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