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For years now, since the altcoins have started popping up to provide an alternative to Bitcoin (BTC), rivalry between the coins has been one of the most talked-about aspects of the cryptic world. Websites such as CoinMarketCap began to appear, monitoring the value of coins, market capitalization, trading volume and other details that would help investors and traders determine which currency to bet.
In a short time hundreds of altcoins emerged and the number has grown to over two thousand in recent years. However, as always, the greatest attention is paid to the 10 best coins, which are constantly surpassed one with the other.
In the last few months, following some of the biggest events of 2018, the first 10 scrambled have seen numerous grade turns. XRP surpassed Ethereum's post several times, Stellar, Bitcoin Cash, Bitcoin SV and EOS overtook each other in December 2018, and it was known that the ranks of the coins change several times a day.
Now, at the beginning of January, the situation seems to have calmed down a little and most of the coins have returned to their usual points. However, two very successful coins should have their battle. In which TRX has passed the eighth position.
TRX vs. ADA
The first thing to note when it comes to TRX vs. ADA is that they are not a direct competition between them. These are two very different coins, with different objectives and different objectives in mind. The only thing that really connects the two is the desire to grow, get more visibility and be more dominant.
TRX is a cryptocurrency native to the TRON blockchain and was created by Justin Sun. It aims to revolutionize the entertainment industry and to decentralize the web. In the last year, TRON has achieved tremendous amounts of support from its growing community and the project has managed to achieve important milestones.
Within a few months, TRON launched a TestNet, a MainNet, transferred its tokens from the Ethereum network (where it was actually created) and entered more partnerships than we can count. He also announced several major projects, bought BitTorrent and surpassed the Ethereum record on the number of daily transactions, mainly due to many of its increasingly popular dApps.
ADA, on the other hand, is a currency that is more like Ethereum. The project is currently focusing on solving scalability problems, creating dApps and increasing growth through high quality technology. Cardano was created by Charles Hoskinson, who previously worked on both, Ethereum and Ethereum Classic. In the end he abandoned both projects, but not without having acquired a deep understanding of what a good quality cryptocurrency should look like and how it should work.
Using this knowledge, he created Cardano, and the currency has always preferred to take time and do things the right way, instead of running and providing poor quality features and services.
In recent months, TRX has been ranked as the tenth largest market capitalization currency, which is currently occupied by Bitcoin SV, after TRX has exceeded its ninth place on the list. Meanwhile, ADA holds the eleventh position, with the goal of entering the top 10 in the near future.
Subsequently, TRX will be its main competitor for the eighth position currently held by Tether (USDT). The difference between the market capitalization of projects ranked between the eighth and the eleventh place is not so large, and generally reduces to a few hundred million dollars. While they are still huge quantities, these are known to come and go within a few days, or even hours in some situations. For this reason, experts expect a much higher overtaking in the coming weeks.
After reaching grade 8, it is believed that these two coins will be stopped from proceeding further, as the big $ 2 billion milestone will be on their way. Although it is not impossible that they will simply continue to grow over time and even exceed the highest ranks, it may take months or even years of steady growth for this to happen. So far, the bearish market of 2018 seems to have eased its hold at the start of 2019, and most of the coins are recording gains at the moment. However, analysts agree that this is a fragile balance that can go either way and that the coins are not out of danger 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 in-depth research before investing in any cryptocurrency and read our full disclaimer.
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