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Tron Price Predicted to Rise as It Overtakes Ethereum in Interest and Other Key Areas

  • Jack Thomas
    🤷 Opinions

    Ethereum has long been the top of the altcoins, but Tron is starting to beat it in key areas, such as interest, transactions, accounts and price movement


Tron Price Predicted to Rise as It Overtakes Ethereum in Interest and Other Key Areas
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Other than Bitcoin, Ethereum has always been one of the most popular and well known cryptocurrencies. However, the smart contract original has had a rough year or so and has started to drop off in some key metrics.

It has come to be that Tron, ranked eighth in terms of market cap, is beating Ethereum, up in third, when it comes to interest, transactions, accounts and price movement. This is important data for the price prediction of both coins as no doubt higher interest and use of Tron is good for its growth.


What is more interesting to note is that Tron is, in many respects, a direct competitor of Ethereum as they both operate as a platform for dApps. However, even in the dApp ecosystem, Tron is performing better than Ethereum.

Trending

Tron has, according to Google Trends, been outperforming Ethereum for some time now. In the last year, it has not only overtaken Ethereum in regards to Google searches, but also maintained its interest while Ethereum has started to dip.

Trending

As a metric of growth, and by extension, price increase, Google Trends is massive. A side-by-side comparison of the Bitcoin price and the Google trend data for that coin shows an almost direct correlation.

Tron has been seeing some stability in the bear market and is now going on an ascent. This move in the opposite direction has created a gap between both of the cryptocurrencies’ trend lines on Google and seems to be growing.

Winning where it counts

For blockchains like Ethereum and Tron, dApp development is incredibly important as they are mostly operating as a platform for a decentralised system. A look at the top 50 dApps by active users, Tron is again leading the way.

Changing times

Much like when Bitcoin first appeared, there was very little competition from other blockchains, especially in terms of pure cryptocurrency. However, that is starting to change as the ecosystem evolves and grows.

The same is happening for smart contract blockchains. Ethereum was the original, but the blockchain itself has stagnated while others around it have advanced with the changing times.

Tron showing growth over Ethereum in these key metrics spells potentially good growth for the value of the coin based on more than pure speculation. They are starting to show deliverables on their promises and are reaching a stage of maturation.

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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

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