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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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