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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 Binance Could Become The First Centralized Company To Achieve Total Decentralization

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Binance DEX
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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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Altcoins

Secret Behind Binance Coin: Why is BNB Outperforming Other Coins

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Binance Coin
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The crypto market has seen quite a lot of volatility in 2019, although not all of the price changes were bad, as they were in 2018. In fact, many coins saw significant growth. Bitcoin (BTC), for example, recently managed to breach one of its major resistance at $4,000. Many have predicted that breaching this roadblock will mark the next stage in Bitcoin’s growth, and potentially its return to higher levels.

However, while most of the market has been seeing significant gains in the past several days, one coin still outperforms them all — Binance Coin (BNB).

So far, in 2019, Binance Coin has shown a strong will of its own, often seemingly being immune to the market trends. While the coin did see a significant loss in 2018, it spent most of 2019 in recovery, even while the last remnants of the crypto winter still tortured the rest of the market.

Back in the early days of January 2019, the coin’s price was barely above $5. Now, however, only a bit over two months later, BNB price is at $15.86, and still seeing growth. The coin never suddenly spiked, but instead, its growth was steady and stable. Whenever it approached new resistance level, BNB would slowly carve its way through it, turning it into support, and continuing on.

But, what is allowing it to break free from…

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Altcoins

Cryptocurrency Analysis: Tron (TRX), Ethereum (ETH) and Bitcoin Cash (BCH)

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The cryptocurrency market has entered another turbulent period, with shifts between price recoveries and corrections happening as often as several times per day. It is clear that the coins are still nowhere near to being stable, and most of them are impatient for something to happen, and that extends to investors and traders as well.

However, while most eyes are on Bitcoin, many are also curious about other top coins as well, particularly those within the list of the top ten largest cryptocurrencies by market cap.

Ethereum (ETH)

Ethereum is the second largest cryptocurrency by market cap, and likely the second most important coin ever to be made. It is the coin that helped the attention shift from crypto towards blockchain, acting more as a development platform than an actual currency. As a result, Ethereum has started the blockchain revolution, and it became the go-to project for developing dApps, smart contracts, as well as new coins.

It is still the leading project when it comes to the number of other projects developed on its platform, and while it has its own issues — as well as a lot of competition — Ethereum manages to hold its ground. Meanwhile, its coin, Ether, is currently seeing growth, aiming to once again reach the price of $150, although it has several large resistance levels to beat. However, it already breached the…

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