The cryptocurrency market has entered a new turbulent period, with shifts between price recovery and corrections happening as often as several times a day. Obviously, the coins are far from stable, and most are impatient when something happens, and so are investors and traders.
While most eyes are on Bitcoin, many are also curious about other top coins, particularly those in the list of the top ten cryptocurrencies by market cap.
Ethereum is the second largest cryptocurrency by market cap and probably the second most important coin ever created. It is the currency that crypto is moving towards blockchain, which acts more like a development platform than a real currency. As a result, Ethereum has started the blockchain revolution and became the go-to project for developing dApps, smart contracts and new coins.
It’s still the lead project when it comes to the number of other projects developed on its platform, and while it has its own issues – as well as a lot of competition – Ethereum manages to hold its own. Meanwhile, his coin, Ether, is currently experiencing growth, with the goal of reaching the $ 150 price again, although it has several major resistance levels to beat. However, it already surpassed the major at $ 140. The price at the time of writing is $ 140.51.
Bitcoin Cash (BCH)
Bitcoin Cash is a member of the Bitcoin family, a coin that originated as a fork of Bitcoin itself. It emerged after the community split into two groups, one who wanted Bitcoin to stay true to the vision of its creator, Satoshi Nakamoto, and the other who wanted to take the coin elsewhere and make changes.
Those loyal to Satoshi’s original plan developed Bitcoin Cash, although this project itself saw a similar split, and recently, in November 2018. History repeated itself and BCH began to change course from the ‘Satoshi Vision’, which is a part of its community to create a new fork and name it Bitcoin SV (BSV), which is short for ‘Bitcoin Satoshi’s Vision’. In the meantime, BCH went its own way and is currently making a profit, with a price of $ 160,840 per coin. It is currently the 6th largest coin by market cap.
Finally, there is TRON, a project that aims to decentralize the web and revolutionize the entertainment industry. Under Justin Sun’s leadership, TRON started out as an ERC-20 token, which means it was developed on Ethereum’s network. However, it launched its own blockchain in early summer last year and has seen great success ever since.
The project became a similar development platform Ethereum, with some of the crypto world’s most popular dApps being developed within the ecosystem. In addition, TRON continued to form one partnership after another with various stock exchanges and companies. It even bought BitTorrent in 2018 and launched BitTorrent token (BTT) on January 28, 2019. The coin also received support from the largest crypto exchange in the world, Binance. It managed to break several records, including the one for the highest number of transactions within 24 hours, previously held by Ethereum.
Overall, TRON appears to have the greatest potential to earn the title of ‘Ethereum Killer’, if the amount of activity within its ecosystem is anything to go by. However, the price is still relatively low and is currently over $ 0.022962.
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Disclaimer: This article should not be construed as and is not intended to be investment advice. Global Coin Report and / or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and may or may not have a portion of the coins or tokens they cover from time to time. Please do your own thorough research before investing in any cryptocurrency and read us in full disclaimer.