As NEO is dubbed “Chinese Ethereum” or even “Ethereum Killer” and TRON is openly challenging Ethereum through its CEO, Justin Sun, ever since the currency acquired its independence back in June with the mainnet launch, comparing these two assets makes up for a perfectly logical case.
NEO is looking into enabling smart contract operations and Dapp development on its network previously rebranded from AntShares, which is said to have been launched back in 2014 with the final rebranding taking place in 2017 when NEO also managed to touch the top ten list of all coins.
Having TRX ranked as the 11th largest crypto and NEO taking the spot of the 15th best token, these two currencies can pose a really thick competition one to another, so which of these cryptocurrencies is more likely to spike up by the end of 2018?
NEO (NEO) or TRON (TRX): Which Currency is More Dominant?
When it comes to the market ranking, TRON has been ahead of NEO for quite some time now with the market cap of over 1,6 billion dollars, however, NEO also weighs a billion running up as the 15th largest currency in the market.
However, as TRX has a “slightly” larger market cap, NEO’s price per one unit is far up from the value of 0.024$ that TRON is currently being traded at. Regardless of their all-time highs and the difference in value per one unit, TRON still seems to be more dominant than NEO, especially in the terms of sharing new updates.
TRON foundation released TRON Virtual Machine that would enable easy and simple Dapp development, alongside with allowing for translating Dapps from Ethereum network for easy transition to TRON mainnet, also announcing Project Atlas that should finally showcase the potential that BitTorrent holds for the future of the foundation, which of course, adds some value to the coin, preparing it for a potential bull run.
Tron (TRX) All time Chart
As with the last year bull run, many crypto enthusiasts are expecting to see a serious spike against the fiat during the last month of Q4 and the first month of 2019, which means that in this case scenario NEO and TRON would have the same chances of spiking up.
NEO (NEO) All time chart
In the meanwhile, NEO project has just turned two, in the meanwhile having over 10,000 registered users for NEO domain names, which are actual domains ending in “.neo”, while the domain name registration will get support from the Japanese O3 Labs, which means that their mobile and desktop wallets are supporting domain names as of October 15th.
Although NEO has reached an all-time high of 161$ back in January of 2018, the currency is now being traded at the price of 16$. However, TRX also dropped from its record value of 0.25$ to its current price of 0.024$, making both cryptos lose over -90% since reaching their record prices.
Since NEO is said to be supported by the Chinese government that is otherwise pretty harsh on cryptos as it is posing regulations and TRX is heading to releasing some amazing projects that would increase the mass adoption of TRX, the silent race between the two might be suspense till the end. However, while NEO has an advantage in the terms of having a higher price per one unit, TRON has an advantage in its latest projects as well as in its market cap.
Image credits: Photo by Zoltan Tasi on Unsplash
