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TRON (TRX) gets ahead of EOS in registered accounts race

Published

6 years ago

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Tron EOS

Ever since TRON launched its main net, all we always heard was that the platform would be a Concerning success in the coming days, and this is, for a fact, a thing we are experiencing right now.

As for September 4th, the crypto verse woke up to the hottest news finding out TRON (TRX) surpassed EOS platform in the number of accounts created in the system with 301,765 accounts on TRON’s platform versus the 299,820 accounts that EOS have to the moment. Let’s find out all of the details behind the positive move for TRON.

1,945 regarding ahead

TRON has managed to surpass the EOS platform by 1,945 accounts in a notably short period of time. In fact, the to net has been live only for 71 days today, so we can all agree that this is a great success for the company founded and directed by Justin Sun, one of the brightest minds in China and the whole world.

Sun has characterized for being nothing but a very optimistic person, even being labeled as delusional in some occasions because of his forecasts regarding TRON (TRX) and the heights that the cryptocurrency will reach as per him.

However, letting the facts be facts, TRON has actually accomplished some of the most remarkable performances in the industry, and this has been made with the effort of Sun and his team. Not so long ago, Sun forecasted that TRON would surpass EOS in account numbers by the end of the third quarter, and to say the least, this has actually happened before that.

The CEO published a message on his Twitter account referring to this matter as he said:

So now that this milestone has been double checked, Sun has his vision on overthrowing Ethereum with its Virtual Machine, a fact that is not surprising considering that TRON was conceived as an ‘Ethereum killer’ in a manner of speaking.

In this sense, the TRON VM (Virtual Machine) is one of the most ambitious projects of the current 13th largest cryptocurrency; it is actually compatible with the Ethereum Virtual Machine but with all the necessary updates as to offer a better solution.

In the last days Sun has been sharing updates on his Twitter account expressing the most prominent differences that TRON has over Ethereum’s Virtual Machine and Network, and of course, he has assured to mention the latest card under the sleeve that TRON is preparing, which includes a project with BitTorrent, the biggest Torrent platform in the world.

Let’s recall that recently Sun acquired BitTorrent as a new move to accomplish his goal of ‘decentralizing the internet’. Like this, both the TRON Virtual Machine and the Atlas project will merge to defeat Ethereum and gain more recognition across the cryptosphere.

With respect to the Atlas Project, both TRON and BitTorrent will connect their platforms by using BitTorrent protocols. This way, the platforms will collaborate to increase the lifespan of Torrent swarms with the intention of improving the speed. Further, they will use custom and inclined tokens to resolve any limitations that the platform may have.

Conclusion

Without any doubt, TRON (TRX) has been garnering the best strategies to continue its growth and climb to the top. However, even though the latest results have been impressive in terms of development and solutions offered to the market when it comes to the performance of the price of the token, TRON has actually not received the best feedback.

At the moment of writing the TRX price is $0.0257 according to Coinmarketcap, and despite having an increase of 2.24 percent in the last 24 hours, the crypto places at the 13th position of the market. This has been particularly disappointing for many in the TRX community, as everyone has been actually been waiting for the price to increase, and instead of that, the token has continued its way beneath the top ten.

In lights of this, many consider that before working on quantity TRON should work on quality, and that’s precisely what the company has been doing, but on the other hand, there are those who believe these great results should be transferred as well to the price. So what do you think? Is TRON (TRX) doing a good job or should we center more in price?

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

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Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

Published

4 months ago

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December 29, 2023

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

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December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

on

December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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