XRP, TRX And ADA: A look at the “Next Big Thing” In Crypto
Recently, at least in terms of adoption three altcoins, namely XRP, Tron, and Cardano have been pulling ahead of the pack. Let us now see what each of these coins has to offer, and what is it that makes them a good investment.
It would be safe to say that Tron has had the busiest 2018 among all the Altcoins. That started with the Test Net launch, a move that was followed but the later migration of the tokens from Ethereum’s protocols to its very own Blockchain. Shortly after, it continued with the launch of Test net of Tron Virtual Machine, the announcement of the Super Representative elections, and the most recent acquisition of BitTorrent, an initiative that is currently assisting the creation of a project called Atlas.
Most recently TRON includes the coin being listed on LINE’s exchange, BITBOX, as well as on Bitcoin Superstore, which allowed its holders to purchase goods from over 200,000 online shops.
The CEO of the company, Justin Sun, seems to play a very active role in the deployment of strategies and the communication with the community. The company’s ultimate goal is to lead to the decentralization of the internet and to revolutionize the entertainment industry.
XRP is a cryptocurrency that was developed by a San Francisco based company called Ripple Labs. Ever since its launch, XRP has been making headlines almost every day. Its goal was to enter partnerships with as many banks and financial institutions as possible, and it got to it very enthusiastically. These days, the number of banks and financial institutions that entered a partnership with this coin exceeds 70.
Most of the partnerships have been deployed using xCurrent, and xVia, but it’s actually xRapid the one solution that carries with it the XRP token, so technically the approach to crypto haven’t been made concerning alliances. Nevertheless, the company is allegedly working on the integration of their three solutions to give overcome this issue.
However, the XRP token has been criticized and even labeled as a security by many (four lawsuits of security until now), but the company has already taken actions to resolve the doubts and made an incredible effort to separate XRP from Ripple Labs, which is the company.
Cardano was created by Charles Hoskinson, who is also a founder of IOHK. Hoskinson is also known to be one of the co-founders of Ethereum. Recently, in one of his interviews, he explained that he joined Ethereum Classic after a hard fork due to disagreement with the rest of Ethereum’s team.
What makes Cardano (ADA) unique is that the group behind the token is a multi-disciplinary team with an extensive background in the area, so every decision is well-calculated and executed. Cardano is one of the most stable and trustworthy coins around. It is also decentralized, and the team is bringing new updates all the time.