TRX vs ADA: TRX Overtook ADA for 8th Place - Global Coin Report
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TRX vs ADA: TRX Overtook ADA for 8th Place

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TRX vs ADA

For years now, ever since altcoins started popping up in order to provide an alternative to Bitcoin (BTC), the rivalry between the coins has been one of the most talked-about aspects of the crypto world. Websites such as CoinMarketCap started appearing, tracking the coins’ value, market cap, trading volume, and other details that would help investors and traders determine which coins to go for.

Before long, hundreds of altcoins emerged, and that number has grown to over two thousand in the last few years. However, as always, the most attention is being directed towards the top 10 coins, which are constantly overtaking one another.

In recent months, following some of the largest events of 2018, the top 10 cryptos have seen numerous rank shifts. XRP overtook Ethereum’s place for several times, Stellar, Bitcoin Cash, Bitcoin SV, and EOS were overtaking one another in December 2018, and coins’ ranks were known to change several times per day.

Now, in early January, the situation has seemingly quieted down a bit, and most coins are back to their usual spots. However, two very successful coins are expected to have their own battle. In which TRX overtook the 8th position.

TRX vs. ADA

The first thing to note when it comes to TRX vs ADA is that they are not a direct competition to one another. These are two very different coins, with different purposes and different goals in mind. The only thing that really connects the two is the desire to grow bigger, gain more exposure, and be more dominant.

TRX is a native cryptocurrency to the TRON blockchain, and it was created by Justin Sun. It aims to revolutionize the entertainment industry, as well as decentralize the web. In the last year, TRON has gained massive amounts of support from its constantly-growing community, and the project managed to hit some very important milestones.

In a matter of months, TRON launched a TestNet, a MainNet, it transferred its tokens from Ethereum network (where it was actually created), and it entered more partnerships than we can count. It also announced several big projects, it purchased BitTorrent, and it managed to break Ethereum’s record regarding the number of daily transactions, mostly due to several of its increasingly popular dApps.

ADA, on the other hand, is a coin that is more Ethereum-like. The project is currently focusing on solving scalability issues, creating dApps, and growing bigger through high-quality technology. Cardano was created by Charles Hoskinson, who previously worked on both, Ethereum and Ethereum Classic. He eventually left both projects, but not without gaining a deep understanding of how a good quality cryptocurrency should look like, and how it should function.

Using this knowledge, he created Cardano, and the coin always preferred to take its time and do things the right way, instead of rushing and providing poor-quality features and services.

In recent months, TRX was ranked the 10th largest coin by market cap, which is a position that is currently occupied by Bitcoin SV, after TRX overtook its 9th spot on the list. Meanwhile, ADA holds the 11th position, with a goal of entering the top 10 in the near future.

After that, TRX will be its main competitor for the 8th rank, currently being held by Tether (USDT). The difference between the market cap of projects ranked between the 8th and 11th spot is not that large, and it mostly comes down to a few hundreds of millions of dollars. While still enormous amounts, these are known to come and go in a matter of days, or even hours in some situations. Because of this, experts are predicting a lot more rank overtaking in the following weeks.

After reaching the rank of 8th, it is believed that these two coins will be stopped from advancing further, as the big milestone of $2+ billion will stand in their way. While it is not impossible that they will simply continue to grow in time and overtake the higher ranks as well, it might take months, or even years of steady growth for this to happen. So far, it appears that the bearish market of 2018 has loosened its grip in early 2019, and most coins are experiencing gains right now. However, analysts agree that this is a fragile balance that can go either way and that coins are not out of danger quite yet.

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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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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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