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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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