Can Tron (TRX) Surpass Ripple (XRP) Anytime Soon?

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The potential of Tron (TRX) to stand as a rivalry to Ripple (XRP) is not much of an issue. Standing as a rivalry enables rivals to only push themselves to their limit, developing themselves each time in other to stay above the other. In this writing, we will pay close attention to what gives Tron (TRX) the capacity to stand as a rivalry to XRP third most famous crypto after Bitcoin (BTC) and Ethereum (ETH).

Tron (TRX) vs Ripple (XRP)

For most of its days, Tron (TRX) has most often been compared to Ethereum (ETH) due to its new features, technology, and currency. However, a new rivalry has been hinted at, and this one pits Tron (TRX) against Ripple (XRP). The two are not exactly traditional rivals, which is obvious once you take a look at what they are trying to achieve.

Differences Between the Two

Ripple's aims at financial institutions, particularly banks, and its goal is to become the crypto of high-quality for entities belonging to its category (banks and other institutions). TRX, on the other hand, has focused on doing the same, but in the domain of the digital entertainment industry. However, even with their focuses being in entirely different fields, these two cryptos seem to be a lot alike when it comes to certain sets of features. Since Ripple's development came first and it is evident that Tron's team has followed a similar way on purpose, by being inspired by Ripple's methods. Ripple (XRP) as at writing has a market cap of $25 billion and sold at a price of $0.660841.

Some of these similarities include low-to-nonexistent transaction fees, great transfer speed, significant liquidity, and scalability. As a result, buffs speculating are of much expectation that TRON can go as far as to replacing Ripple or stay above it.

hat Makes TRX Promising?

Tron (TRX) has been successful in the launching of TestNet and recently launched MainNet a few days ago. With these new features added to the TRX, one can see that the coin is on the verge of advancing and breaking through to the top just like others. As at writing, the coin is 10th on the crypto market with a current price of $0.0585298 and a market cap of $3,848 billion, and it has yet to rise following the launch of the MainNet. However, there are several other reasons why this currency is anticipated to succeed Ripple, and even become bigger in the world of cryptos. The following makes Tron (TRX) promising;

Market Utility 

Ripple (XRP) is known as an industry leader when it comes to offering utility and has managed to hold its own, while many other cryptos have not been able to reach such heights. XRP's transaction fees are close to just a fraction of a penny and have made Ripple  (XRP) a popular crypto for making transactions in the crypto world. Tron (TRX) on the other hand has managed to come close to matching Ripple's achievement and will continue to improve in no time as the new features are added (MainNet). It is also key to remember that Tron (TRX) is created to scale. The ability to offers over 1000 transactions per second which is yet to become one of the most important features after prices finally stabilize. To add to this, Tron's transactions are basically free and hence will easily become one of the best methods of sending money.

Its Own Industry

Tron (TRX) looks promising with the fact that it has its own industry where it can dominate, thus, digital entertainment while Ripple (XRP) concentrated on banks. Though banks look dominative, Tron likewise has made another smart decision, considering the reputation of gaming around the world, which has been on the rise for more than a decade. What makes TRX decision a smart one is the decision to stick to a single industry rather than trying to grab as many fields as it could at the same time.

Confidence

Tron (TRX) uses the method of verification thanks to Justin Sun and Tron Foundation. Sun is playing a role which is more than just been TRX's creator. He has proven to be an invaluable asset to TRON and directly responsible for the crypto's growth. Sun has managed to capture the interest of investors and focus them into his crypto. It is safe to say that Tron (TRX) would not have been nearly as close to its current position if not for the CEO and his skills in marketing.

Unlike Tron (TRX), who has the confidence of its parent company, XRP has its company, Ripple (XRP). Ripple (XRP) owns and controls the crypto and it doesn't allow anyone to mine it, apart from the company itself. Due to this kind of reputation and business strength, the price of XRP has been more stable than other. At the same time, various banks have decided to back it up by calling it worthy of their trust.

Conclusion 

When it comes to which coin to invest, both cryptos are good enough and one can have both in his portfolio. Coinbase preference according to speculation might consider Tron (TRX) over Ripple (XRP).

There are several reasons for this possible decision as well. Coinbase's goal is to generate more trading and by accepting Tron (TRX), it's likely that it can easily achieve this due to its popularity. Also, getting Tron (TRX) is much cheaper than getting Ripple (XRP), and the coin has a very high volume. Tron (TRX) was rumored to be going to a new base in San Francisco and this is going to get the crypto much closer to Coinbase, which is based in the same city. This will give TRX the opportunity to also rise to the top just like the three (BTC, ETH & XRP).


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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content


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