Are you confused with the endless choices available in the crypto market? Stay calm because we have a comprehensive side-by-side comparison of the most well-known cryptocurrencies in the crypto sphere. Let's explore which one is better and which one to boot!

Ripple XRP Vs. Tron TRX

1.   The Back Stories

Launched in June 2012, the functionality of Ripple is linked with it being a global e-payment protocol. It allows for fast transactions between parties on an international level without the added stress of paying various taxes. Its currency is XRP, and it is also aimed at facilitating banks via blockchain transactions.

On the flip side, Tron is linked to being a global entertainment platform, with its native currency being TRX. It was created by Justin Sun and launched in August 2017. It aims to provide cheap entertainment options for consumers to watch and share. The platform is designed with the capabilities to host content and various decentralized applications.

2.   The Trading Volume

The 24-hour trading volume rate of each coin is quite different. Although having a high trading volume is not necessarily good since it can mean the currency is volatile, sometimes a high trading volume indicates prosperity, like with Bitcoin. The volume of XRP is 46K, and TRX is 17K.

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3.   The Current Price

The current value of XRP is 189 PKR with a 2.53% rise in the past 5 days, while the price of TRX is 30 PKR with an 11.95% rise in the past 5 days. This shows that TRX, although lesser in value, has more potential to grow than XRP.

4.   The ROI

The return on investment in both coins can be predicted by looking at past trends. If you invest in XRP right now, you can get a 33.4% ROI when you sell in December 2023. Conversely, if you invest in TRX right now, you can get a 28.6% ROI when you trade in December 2023.

5.   The Max Supply

The max supply of both coins is similar, as XRP stands at 99.9 million while TRX has 99.2 million.

6.   The Circulating Supply

The supply circulating in the market is 99.9 million and 89.1 million for XRP and TRX, respectively.

7.   The Transaction Speed

A significant difference can be seen when we compare the transaction speed of both cryptocurrencies, with XRPs being 1500 and TRXs being 2000. The transaction speed indicates how efficient each coin is in transferring data from one party to another.

8.   The Advantages

The significant advantages of Ripple XRPs are:

●      It is an affordable alternative to international banking.

●      It solves the need for an international payment transfer without extra charges.

●      It creates more opportunities to scale up for businesses.

●      It makes Central Bank Digital Currency accessible to everyone.

While the advantages of Tron TRX are:

●      It has a fast network.

●      The coin fees are low by design.

●      The TRX coin runs on the original blockchain.

●      Tron TRX is the more economical of the two digital currencies.

9.   The Disadvantages

The significant disadvantages of Ripple XRPs are:

●      It is not centralized.

●      It uses a pre-mining protocol.

While the disadvantages of Tron TRX are:

●    Tron TRX is still in the early stages of development.

10.                      The Predictions

The forecast of XRP in 2024 is as follows:

●      The predicted minimum price is around 114 PKR.

●      Both the expected maximum and average trading price are around 218 PKR.

While the forecast of TRX in 2024 is as follows:

●      The predicted minimum price is around 15 PKR.

●      The expected maximum price is around 24 PKR.

●      The predicted average trading price is approximately 33 PKR.

Final Words

Both Ripple XRP and Tron TRX have their own unique advantages and disadvantages. While Ripple XRP is more established and offers an e-payment service for businesses and individuals alike, Tron TRX is more economical and has a very high potential for growth.

Ultimately, the final decision of which cryptocurrency to invest in depends solely on your personal preferences and investment goals. Happy investing!