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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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