The crypto market is facing tough times. As Bitcoin — the most expensive cryptocurrency on a market — reduces in price, other currencies follow its path. So, it may be a good time now to look for a better investment option.
In this article, we will compare Tron vs Ripple. Here, you will discover the investment potential of both cryptocurrencies, decide which one is a better option, and decide whether you should convert your TRX to BTC.
Investment Potential Comparison Criteria
To decide which cryptocurrency is more beneficial, it is important to compare the assets. Here are some major factors that you need to consider:
- Consensus algorithm
Tron uses a Delegated-Proof-of-Stake (DPOS) consensus model. Thus, its blockchain is fast and highly scalable, and the coin doesn’t require powerful mining rigs. On the other hand, Ripple’s consensus model entails confirming transactions by conducting a poll for nodes-participants. The transactions are confirmed in a matter of seconds.
- Circulation supply and maximum supply
Tron doesn’t have a max supply, and 100% of its total supply is already in circulation. As for XRP, it does have a limited max supply of 100 billion coins, and almost 50% are already used. The scarcer the coin is, the pricier it will be.
- Market capitalization
Market cap shows the popularity and the community trust of the crypto. Tron has an almost $6 billion market cap, while XRP — has $16,6 billion.
Tron: Investment Analysis
Tron was founded by the Tron Foundation in early 2017. It was based on the Ethereum network at first but then switched to its own network.
The highest price was $0.2206 per coin in January 2018, not long after its launch. In July 2022, the average price is $0.06. Talking about the future of this coin, here are some price forecasts:
- According to PricePrediction, Tron will reach $0.09 by the end of 2022. By the end of 2023, it will cost $0.15, and $0.35 by 2026.
- DigitalCoinPrice experts predict that by the end of 2022, Tron will cost $0.087. In 2024, its price will be $0.1 and will reach $0.13 by the end of 2025.
As a result, we can say that Tron may be a pretty good investment. However, it has no maximum supply which may affect a further increase in its price.
Ripple: Investment Analysis
Launched in 2012, Ripple was created as a faster and less energy-consuming alternative to Bitcoin. Its peak price was recorded at $3.37 in January 2018. In July 2022, it is trading at $0.34.
Talking about the future price of Ripple, there are also several predictions from experts:
- PricePrediction thinks that Ripple will cost $0.5 by the end of 2022. It will reach $0.73 by the end of 2023, and $1.53 by the end of 2025.
- DigitalCoinPrice expects XRP to climb to $0.48 in 2023. It will also cost $0.54 in 2024 and $0.69 in 2026.
Summarizing all information, we can say that Ripple is a solid investment opportunity, as it has a steady price increase. However, Ripple has had some lawsuit issues, which might have scared many investors away.
All in all, we would consider Ripple a better investment than Tron in 2022. There are several reasons for that. Firstly, Ripple seems to be less volatile, and secondly, it has a maximum supply, while Tron doesn’t. The fact that the supply of this coin may run out will make it more expensive in the future.
When you make your decision, you will need to choose a reliable exchange platform. Make sure to find the one with low transaction fees to be able to swap XRP to TRX and vice versa hassle-free.