It really can be hard work to try and find a currency to invest in, and the whole thing is a lot more to do how you consider a project to be doing rather than what it stands for. It’s really about trying to find a coin that is going to grow and it’s also about finding out who is associated with it as well. After all, this will have a huge impact on the partnerships that happen to team up with them in the fast and it could also have a huge impact on how it is going to be adopted as well. So the main things that you really have to consider are listed above, and if you want to become an investor then you need to know the ins and outs of the currencies that are available, starting with Tron and Ethereum.
Ethereum is one of the world’s most popular currencies, next to Bitcoin. When you look at the market potential and capitalisation, it is very easy to see how successful it has been lately. The problem is that Tron isn’t even one year old yet, but it is already about to launch its own platform. It also has a leader who is very respected, Justin Sun. He has admitted and even respected in the world of business and this is incredible to see. Tron’s own rise has been incredibly impressive and this is so big that it is now being considered as a candidate. It is going to be playing among the big boys in the market sooner than it thinks and this is impressive to say the least. Ethereum is the second biggest cryptocurrency in the world and this is especially the case when you look at the success that it has to offer. The only area that it is lacking is in its market capitalisation, but Tron is quickly emerging and when it reaches its MainNet, things could take a massive turn.
So how do you know which one you should be investing in?
Let’s start with Tron. Tron is becoming the star of the show and it has been up and down quite a lot over the last few months. When you look at the resolution that Justin Sun has put down to make everything work, it’s safe to say that it’s an interesting concept to say the least. Tron has its own coin and it is known as being Tronix, or TRX. It has been tanked in the past and this is due to the fact that it has a very speculative influence. This means that sometimes you have a ton of inexpert investors who try and bring it to market. There are two things that could help to bring Tron into the limelight. One of them is its own potential and the fact that Justin Sun is working the helm.
The Main Net is set to come online and this will impact TRX into the network. Justin Sun has continually stated that this is way better than Ethereum. Ethereum has been somewhat hostile in the past and some of the fans were not pleased to hear this, because Sun usually delivers on the promises that he makes. The transactions will be 0.00001 TRX for every payment made and it is nearly impossible to get closer to zero than that. On top of this, the scalability of the network can change and grow dramatically as well.
It can deliver tens of thousands of transactions every single second and this is crucial as Tron starts to take over the world entertainment industry. The gaming industry is already taking Tron very seriously and this is a main point that you need to be considering. Last month, Tron did an airdrop of over 30 million to the ETH community. This raised TRX and the level of awareness that it has and now a lot of people are paying attention to the new Main Net. The launch is basically an incentive package and it is designed for users and even the community members to try and take part. It is going to pull new users into the infrastructure and it will create a border group as well. This will help to make sure that everyone is committed to the project and it will also go a long way in making sure that the whole thing is adopted on a mainstream level.
So now we have covered Tron, it’s time to move on to Ethereum. The market for Ethereum is really golden right now. It is way more influential than what people are used to and it has the momentum of the market going behind it as well. in fact, a lot of observers even think that it could leave Bitcoin behind and a lot of people believe that the value is going to peak by the end of the year as well. Ethereum might be the platform of choice when it comes to decentralisation but that is because it is yet to be challenged. Five new currencies will be launching their very own Main Nets this year and Ethereum’s own level of dominance could be short-lived to say the least. For the time-being however, new projects are appearing all the time and this will certainly add value to the currency.
Ethereum is going to carry on improving through upgrades. ETH may stay dominant for quite some time but it does come with its fair share of scalability issues. It even comes with high fees and this could lead developers to choosing other platforms. Vitalik Butrin has worked diligently to try and improve the platform that is present at the moment and Casper and even Sharding are some of the few examples. There is a problem however, and that is the fact that ETH could be classed as being a security on a legal basis. This would mean that the value would then drop and it would not do very well for those who want to stay confident in the currency.
So Tron is one of the most successful and emerging platforms on the market at the moment and with Justin Sun making all of the calls, it’s safe to say that it is one to watch out for. There is a good chance that it will rocket this year and right now could be a good time for you to join. Ethereum is in a completely different situation however, and it needs to come up with all of the right upgrades if it ever wants to become unstoppable. So if you want a cheap coin that is able to hold on to its value then Tron is the way to go.