TRON (TRX) Listed Among Cryptos with Most Potential
According to a recent analysis by the finance website Investing.com, TRON (TRX) is among the top three cryptocurrencies with the most potential to rise in the future.
The analysis said:
“TRON (TRX) deserves a position among the cryptocurrencies with the most potential because of its practical application for the Internet and in the entertainment industry. TRON, which is simply a blockchain-powered operating system has differentiated itself with a focus on increasing its transaction speeds and ensuring scalability and currently boasts of more than 20,000 transactions per second.”
Adding to it:
“TRON is also forging ahead in its bid to build the infrastructure to become a truly decentralized Internet, having recently acquired the famous Torrenting client, BitTorrent and currently incorporating TRX payments within the network to incentivize users. This effort to connect Torrenting and Blockchain is a promising step towards web decentralization and mass adoption.”
It then briefs the users about the cryptocurrency’s current position in the market:
“Currently, TRON is the 11th largest cryptocurrency by market cap and its TRONbet DApp has recently caused it daily transaction volume to surpass Ethereum’s volume of more than 500,000 individual transactions between October 19 and October 22.
The Tron Foundation has also revealed that it is planning to release a whole suite of DApps over the next several weeks. The launch of the Tron Virtual Machine (TVM) has allayed fears about Tron’s scalability and the growth of smart contracts on its network suggests that it is on the fast-track to mass-market adoption.”
The other two cryptocurrencies which made it into the list were Ripple (XRP) and Cardano (ADA).
Also Read: TronWallet Becomes TRON Super Representative
About Ripple, the analysis said:
“Ripple (XRP) is an interesting cryptocurrency with huge promise, but its price has suffered steep losses in line with the general market this year. Ripple is fundamentally both a blockchain protocol and a cryptocurrency (XRP) with the sole aim of replacing traditional financial institutions such as SWIFT, PayPal and credit card processing firms. Ripple believes that cross-border transactions could be facilitated in near-instant speed and at negligible cost through Blockchain technology.”
About Cardano, the analysis said:
“Cardano (ADA), a third-generation smart contract platform developed by a former Ethereum executive as a fully open-source project for the sending and receiving of cryptocurrency. Cardano differentiates itself from other protocols because i is based on scientific philosophy and peer-reviewed academic research. Cardano has recently been in the news because of the strength of its interoperability and its scalability. Its Daedalus wallet for instance, is on track to become compliant with Bitcoin and Ethereum tokens. Apart from this, Cardano also has strong fundamentals; which include a strong governance system that has displayed a willingness to manage constantly changing regulations with their soft fork capabilities.”
Recently, the TRON-based digital currency wallet, TronWallet became a Super Representative. As per the team’s announcement:
“TronWallet is a secure peer-to-peer crypto wallet and exchange for TRON. Send, receive, pay, request payments, vote and participate in a new decentralized world. On TronWallet, users are able to securely store and exchange crypto directly on the blockchain.”
Thanking supporters for their support, the team said:
“Becoming SR wouldn’t be possible without a strong community around to help, particularly without the help of the great people and our SR friends at CryptoChain, CryptoGuyInZA, TeamTronics and Sesameseed. Thank you for your support, let’s make history together!”
This wasn’t the first time that the team tried for Super Representative. It first ran for SR back in September since when the team has been learning a lot. The team already has more than 20,000 users on the app.