Today it’s one year since Bitcoin reached that $17,000 price. It was the height of the cryptocurrency market in ten years, and then, it all went down from there. We’ve spent a full year seeing how all coins lose value and the market going down the drain.
Yet, we also know that a bull run will happen sooner or later. We don’t know when, but it’s just unavoidable. Crytpo has sunk to the ground four times already, and it’s recovered each time and surpassed expectations every time.
The next bull run will come for sure. But all sheep are not equal. When the bulls rid us of the bears, some coins will perform very well, and some others will remain irrelevant. This is going to happen because in these times of hardship some projects are using the bear market to be prepared and create value for their coins, and some are not.
Several coins are working along these lines. And they’re doing it so well that they’ve gained a bit of ground even as the market is receding. Which are those, I hear you ask? Well, let’s talk about two of those: Tron’s TRX and Ripple’s XRP. They’ve performed well in very adverse conditions, and they should be on everybody’s eye as things keep developing.
Ripple’s XRP keeps moving on
So you want to know about a digital currency that has an obvious use case? Ripple is the one for that. The Ripple blockchain has been trying for years to become the future in international payments, using their native cryptocurrency (XRP) as the tool that will allow for that.
Ripple’s platforms (xCurrent, xRapid) are being deployed by financial institutions the world over. In most cases, Ripple’s partnership is at a pilot program stage, but some crucial banks in the world (think Santander) already have deployed it at the production stage. So XRP has been moving forward, and that’s allowed it to be solid in a market that’s sinking everybody else.
Even in the currently calamitous market, XRP managed to become the world’s second largest cryptocurrency by market capitalization, toppling Ethereum in the way.
Tron’s TRX: The way of the future
If you check Coinmarketcap’s data for Tron, you’ll find 159 trading pairs. That two more than Stellar Lumen’s XLM which is at 157. It’s listed in more than 100 exchanges, and some of them allow for crypto/fiat pairs as well. Justin Sun, Tron’s CEO and founder, referred to this as Justin Sun gas.
And that’s not all. Tron is now the 10th currency by market capitalization. For that, it had to beat both Cardano’s Ada and Monero which are very respected and had been performing relatively well.
The project has been partnering up with big firms in the technology world and is always looking for ways in which it can expand the ecosystem.
Tron bought BitTorrent recently which just comes to show it’s ready to push the boundaries in crypto in ways nobody else can even imagine for the time being. Tron wants for the whole world to become decentralized and work on blockchain tech. It’s very own blockchain tech, if possible. And it’s getting there.
Image courtesy of Pixabay.