Although Bitcoin is the world’s most significant cryptocurrency, crypto proponents can’t afford to miss the other leading market players. While Bitcoin holds 70 percent dominance as of now, altcoins such as Ripple (XRP), Tron, and Litecoin are now considered as the most effective source of payment adoption, donations, and cross-border transactions.
Which cryptocurrencies will succeed?
At present, the crypto market counts over 2000 cryptocurrencies but which coin is worth to invest in, is the question that hits every crypto trader’s mind. So, which are the ones holding the key to success in long-run? At the time of reporting, Coinmarketcap witnessed the list of top 10 cryptocurrencies as follows; Bitcoin, Ethereum, Ripple’s XRP, Bitcoin Cash, Litecoin, Tether, Binance Coin, EOS, Bitcoin SV and Monero.
While cryptocurrency is becoming the wealthiest trend in recent times, a newbie needs to understand which cryptocurrency is best to invest in. With the crash of the ICO market in late 2017, quite a few projects are considered as the trusted assets to invest and trade-in.
While cryptocurrency is completely decentralized in nature, the development of few trusted projects are backed by a talented and experienced team that spreads across the various regions of the world. Few of these projects are Ripple’s XRP, Litecoin, and Tron.
Tron vs. Ripple vs. Litecoin
While Ripple’s XRP stands on the third-largest spot in term of market capitalization, Litecoin (LTC) is the fifth-largest coin and Tron (TRX) is spotted on the thirteen most significant spot. Currently, XRP stands with $11.29 Billion market cap while Litecoin’s market cap stands at $4.4 Billion. Subsequently, Tron captures $1.06 Billion market capitalization.
XRP is backed by a San-Francisco based company Ripple, which offers blockchain-based remittance services. The firm has been in the crypto-blockchain market since 2012 and backs up various financial entities alongside banks that provide cross-border services at affordable and quickest way. Ripple encourages banks to employ cryptocurrency XRP by smartly enabling it with its remittance-oriented products such as xRapid.
Litecoin, the fifth-largest cryptocurrency has been around the news for its growing popularity of adoption and acceptance as a means of payment. As per the latest report, the coin has been announced as the official cryptocurrency of the Miami Dolphins. Subsequently, fans at Hard Rock Stadium in Miami can directly pay for the tickets using LTC.
— TRX Colony (@TronColony) September 8, 2019
Tron, which currently stands as the thirteenth most significant cryptocurrency in terms of market cap – is aiming to revolutionize the digital content entertainment system. The Tron network is backed by dynamic entrepreneur Justin Sun, who has recently launched a scalability solution called as Sun network.
Although these cryptocurrencies are yet to hit their highest graph of market capitalization, the teams behind these tokens are working relentlessly to outpace in the escalating crypto market. So, it is worth noting that each crypto-coin in question here has its respective use-cases and these cryptocurrencies are here to stay.
But yes, no matter whether you’re holding Ripple, Tron, Litecoin, or any other cryptocurrency that’s here to stay, you should know one thing: patience is the key.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.