Will TRX exceed XLM in 2019? Justin Sun thinks so

Jed McCaleb, the co-founder and CTO of Stellar (XLM), has recently been interviewed by Yahoo Finance where he made degrading comments, referring to the TRON (TRX) project as "trash".

He made these comments when he was asked to crypto industry as a whole and what he would like to see changed. McCaleb criticized projects that raised huge amounts of capital during their ICO, saying they had no technical merit to support those funds and were not worthy of it.

As stated in the interview with Yahoo Finance, McCaleb He said:

90% of these projects are B.S. I can not wait to change. Things like Tron are just trash. But people throw in tons of money, these things that simply do not work technically. In many cases, it must just be a sort of digital payment and you could also use Stellar or bitcoin. You do not need a separate payment type …

TRON supporters are upset

McCaleb's negative comments on the TRON project and on the cryptocurrency market as a whole have caused waves in the TRON community.

Misha Lederman, an important member of the TRON community, defended TRON with very difficult facts. He took his response to Twitter, providing transaction statistics, along with charts for everyone to see which project is actually being used the most.

#Stellar& # 39; S @JedMcCaleb: "Things like Tron are just rubbish, but people throw in tons of money, these things that simply do not work technically"#TRON December 31 transactions
2803372

Stellar Txs December 31st
8793#TRX has 318 times more tx vs XLM

The numbers speak louder than "trash" 🖖🏽 pic.twitter.com/YUWxJ95okC

– Misha Lederman (@mishalederman) January 1, 2019

Justin Sun Returns Fire

Justin Sun replied to the tweet above saying that TRON is not a competitor of Stellar due to the significantly lower volume of transactions than XLM and stating that the 2 projects simply do not compete.

He also noted that the Stellar network is centralized and has zero decentralized applications (dapps) running on the network.

Sun took its retaliation a step further by stating that TRON (TRX) will exceed Stellar's market capitalization (XLM) in 2019. Currently, Tron is sitting in 10th place with a market capitalization of $ 1.335 billion and Stellar is the number 6 with a market capitalization of $ 2,186 billion.

Sun's proclamation of overcoming Stellar's market capitalization is not far behind. If TRX were to reach a price of only $ 0.033, which is just over $ 0.01 compared to the current price of $ 0.02, Tron would outstrip Stellar for the sixth position.

Sun's answer to Lederman's tweet can be seen below:

We do not think @StellarLumens it is our competitor since they have an extremely low transaction volume, a centralized and undemocratic system and 0 Dapp. #TRON will take their place by 2019 anyway. #TRX $ TRX #XLM https://t.co/kPuTIwiI0r

– Justin Sun (@justinsuntron) January 1, 2019

TRON (TRX) vs Stellar (XLM)

TRON and Stellar are 2 cryptocurrencies with very similar market capitalisations and have fought each other in terms of market cap throughout 2017 and 2018. While both projects are competing for popularity and investment allocation, their cases are 39; use vary greatly.

TRON is a decentralized blockchain platform that aims to build a free content entertainment system worldwide. It wants to provide users with the opportunity to publish, store and hold data securely without the need for intermediaries.

On the other hand, Stellar It is an open source cryptocurrency that offers a platform for distributed cross-border payments. Stellar can be more easily compared to Ripple (XRP) since they are both facing the same case of use.

Stellar is more focused on integrating their blockchain technology into the traditional banking system rather than creating a decentralized open market like Tron.

Therefore, the two cryptocurrencies have very different use cases and are facing different areas where blockchain technology can be used to improve our existing systems and infrastructures.

All in all, there is room for both of these projects to grow exponentially. It will be exciting to see how well they are in 2019.

Do you think that Stellar (XLM) is a competitor of Tron (TRX)? Is TRIN's proclamation of Justin Sun that exceeds XLM in 2019 come true? Let us know what you think in the comments section below.