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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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XRP Price Surging in Bullish Trend: Did Forbes 50 List Boost Ripple to Be Taken Seriously?

  • Jack Thomas
    🤷 Opinions

    XRP is seeing some good gains, but could it be because Forbes has listed it among other major billion dollar companies in blockchain?


XRP Price Surging in Bullish Trend: Did Forbes 50 List Boost Ripple to Be Taken Seriously?
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Contents

Ripple, and its XRP token, have always had a hard time being taken seriously by the Bitcoin maximalists and other ‘true’ crypto aficionados. The company has been focused on partnering with banks, which has been for a long time the scourge of the crypto market.

However, there has been a change in the sentiment around cryptocurrency and blockchain, with media houses like Forbes calling 2019 the year of enterprise blockchain, and one of rebuilding after the speculative boom and bust in 2017/2018.


Forbes has now produced a prestigious list of 50 enterprise business valued over $1 billion that are doing good things with blockchain and crypto, and Ripple is one of the few startups that are on the list. Ripple finds itself in the company of businesses like Microsoft, IBM, BP, Amazon and other multinational conglomerates.

A reputation boost?

So, while XRP and Ripple have been mostly viewed with suspicion within the cryptocurrency community, it could be that their appearance to the mainstream through the lense of Forbes is a lot better and brighter.

The blockchain list by Forbes is intended to inform about how much enterprise use of blockchain is actually going on from major companies, and some companies many would never have thought were involved in the technology.

There is no doubt that it is a boost for the technology underpinning cryptocurrency, but it would seem that even the XRP token is receiving a boost from this unearthing of institutionalised interest.

Price prediction?

This legitimizing boost has been reflected in XRP’s increase in value of over six percent, but looking ahead, it appears as though there is chance for a bigger boom.

This upwards move firmly established XRP’s support level around $0.32, so one analyst believes that it may continue surging towards $0.48 in the near-future.

Ryan W, a popular cryptocurrency analyst, spoke about this possibility in a recent tweet, noting that XRP does face resistance levels at $0.38, $0.44, and $0.50, but also explaining that he expects the crypto to garner enough upwards momentum to break above at least two of these resistance levels with a price target set at $0.48.

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