The revolution of cryptocurrency is one of the most talked-about innovations of the 21st century. Several digital coins are available in the crypto market with some of the significant names, including Bitcoin, Ethereum, XRP, etc. Among these cryptocurrencies, Ethereum has carved a special place for itself. The reason behind its popularity is the wide range of decentralized applications that can be developed and enabled through this platform. Ethereum is also the preferred choice for implementing smart contracts, which further enhances its practicality among the users. It won’t be an exaggeration to say that Ethereum is the most versatile and well established decentralized platform that has opened up new possibilities for the blockchain domain. Ether (ETH) is the cryptocurrency of the Ethereum network, and after Bitcoin, it is the second most popular cryptocurrency available in the world of digital coins.
Another interesting example of a vibrant blockchain platform is Tron. It is a decentralized platform that caters to the needs of the entertainment industry. Here, users can create and share their content with others with the help of peer-to-peer technology. One of the easiest methods to understand Tron is to consider it the next generation of a social media platform. The native currency of Tron is Tronix, i.e., TRX. You can check out in-depth details on its official website.
Despite their differences, the objectives and aim of both Ethereum and Tron are somewhat similar in nature. The Ethereum network is older than Tron in terms of its inception and wider in its scope comparatively. It offers a wider range of services related to decentralized applications, and the most popular facet of the network is its smart contract services. It harbors the aim of becoming the world’s computer, and its services covering decentralized finance, decentralized applications, and smart contracts are directed towards achieving this aim. The Tron’s objective is no different, although it wants to gain dominance in the media and entertainment industry. This makes the Tron network more focused in its approach as the objective here is to offer world-class services to content creators and consumers.
Understanding TRX & ETH Coin
The native currency of both Ethereum and Tron networks belongs to the stablecoin category. The distinct advantage with stablecoins is their price stability, guarding investors against otherwise the highly turbulent nature of the cryptocurrency. ETH can be used for various purposes, although the primary application of the TRX is in the content domain, where creators are paid in terms of TRX.
Regarding the ETH and TRX supply differences, the number of ETH coins on the Ethereum blockchain is considerably higher than the TRX on the Tron network. This certainly provides more heft to the Ethereum network and points towards the higher popularity of the ETH among investors. On the usage, too, the Ethereum blockchain has quite an edge over The Tron. This is because several other stablecoins such as TUSD, USDC, and PAX use the blockchain network of Ethereum, thereby making it a more preferred network in the blockchain space.
How to Convert TRON (TRX ) to Ethereum (ETH)?
The conversion of TRX into ETH is not difficult, thanks to the advanced technology and data access available worldwide. The conversion of TRX into ETH can be easily done with the help of the currency calculator of Markets Insider. The tool can be used by investors worldwide to convert the cryptocurrency at the present exchange rate. Investors also get the facility of TRX conversion into ETH at the historical rate, and to do that, one has to select the specific previous date on the currency converter tool. This convenience is quite amazing, and its ability to provide current as well as historical rates for the conversion of Tron to Ethereum is extremely useful.
Prediction for the Future of TRX & ETH Coin
The future price predictions for both Ethereum and Tron are positive and upbeat. The positive sentiments attached to both blockchain networks have solid baking of the facts and figures. Ethereum has already established its utility among investors and a wide variety of blockchain stakeholders. It is the preferred destination for companies that want to enlarge their target market in the fields of decentralized finance and apps. The altcoin has already broken above the level of $280 in the mid-2020 and now looking forward to scaling new heights in the coming years. One of the most conducive situations for the growth of ETH is the overall attractiveness of Ethereum as a platform to empower a new crop of decentralized applications and smart contracts. This means ETH not only offers an attractive investment scenario for investors but also provides sufficient exposure to the third-party applications developed on its native platform.
There are different predictions that vary over the possible price of ETH in the coming years. According to the present scenario, ETH can position itself between $1000 to $10,000 in the next four to five years, provided policies of central banks across the globe remain conducive.
The price outlook for the Tron is also positive, and according to the DigitalCoinPrice, the value of the digital currency will be $0.07 in April next year, while towards the end of 2021, this value could be somewhere around $0.06. On the other hand, WalletInvestor has given a slightly less optimistic Tron Price Prediction while claiming that the TRX value will be around $0.04 at the start of 2021 before dropping to the level of $0.03, which will continue throughout the year.
Conclusion
Both Ethereum and Tron are well-poised to take their growth story to the next level. Both platforms are unique in their applications, and their focused approach towards investors helps them stand apart from their contemporaries. It would be interesting to witness the future trajectory of these altcoins and hope that investors will be able to make money from their investment in these platforms in 2021 and many more years to come.
