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TRX vs ADA: TRX Overtook ADA for 8th Place

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TRX vs ADA
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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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Altcoins

Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Altcoins

Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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Lite.IM
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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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Altcoins

Will 2019 be the Year of TRON (TRX)?

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Tron (TRX)
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While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.

Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.

TRON in 2018

2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.

The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.

The project was quickly…

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