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TRON vs EOS: Which is the better choice for you?

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TRON VS EOS
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As the value in cryptocurrencies goes up and down every day there are a few coins that are steadily rising. Those are EOS, Cardano’s ADA, Stellar Lumen’s XLM and Tron’s TRX.

The last seven days have been pretty good for Tron with an 11.8% increase while EOS grew by 6.3%. Both coins are having a very good run right now, but their performance begs two questions. Why are they doing so well? Can they keep performing in the future?

The Platforms

Right now both crypto coins are based on ERC-20 technology, but they are both trying to shake it off to become blockchains in their own right. The situation and the objectives are different for each, let’s see how.

EOS just wants to become a real blockchain product (by real we mean decentralized) because it’s had a lot of criticism about authenticity. It has performed well, but doubts still remain about its technology’s reliability and safety. EOS’ main aim is to make it easier and cheaper to trade crypto assets, but for that, they need to become a real coin everybody trusts.

TRON’s idea is different. They want to decentralize the web and transform the gaming industry. They want to ultimately become a platform for content creation and not a financial service or asset only.

Tron’s and EOS Main Net Launch: A step forward in tech and performance

One of the reasons for both coins to have performed so well recently is that they are both launching their own Main Net soon. Tron‘s launch will be on May 31st and EOS‘ will launch its Main Net on June 2. Both events have been providing excitement and expectations for investors and enthusiasts alike.

What does each launch mean? It’s all about both projects dropping the ERC-20 tech and become full-fledged projects on their own, using their very own blockchains. It’s about authenticity and autonomy. From that point in time on, the blockchain they produce will be their own and that is attracting some big names to them such as Bittrex, Huobi, and Antpool, the mining giant.

Tron’s Main Net launch, next May 31st will surely boost TRX’s value even further. Investors already know what to expect and how to prepare so they’ll be ready when the move happens.

EOS is preparing a similar move but it seems that it’s Tron who holds the upper hand on this, with some big players already supporting it.

EOS vs. TRON: Market performance

CoinMarketCap currently ranks EOS as the fifth cryptocurrency at $17.19 per token. Tron is eleventh at $0.083. Over the last day, EOS has lost 4.7% of its value while Tron has lost about 4.6% (they are going neck to neck here, too – wow).

Even with those recent losses taken into account, Tron remains the most profitable coin for the last week, as it’s increased more than 11% while EOS has grown by about 6% only. That being said, the fact remains that EOS’ trading volume is much higher than Tron’s; it’s at 3.5 billion as we write this. This is two billion higher than Tron.

The fact that both projects have reached volumes surpassing a billion dollars is astonishing in itself. It puts them in the world’s top four in terms of trading which is quite meaningful. The world’s first is, of course, Bitcoin at $8.4 billion, then comes EOS. Third is Ethereum and then it’s Tron. So both coins are up there, playing with the bigger boys and giving them a run for their money.

Final remarks

So which one should you choose? Both are great blockchain projects that hold a lot of promise for investors, enthusiasts, partners and the public in general. EOS looks better right now but as things develop, Tron could surprise everybody. We don’t think you should choose among them. On the contrary, a good cryptocurrency portfolio should include both currencies.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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