So many Problems and EOS at $10, No problems and TRX at $0.04 Really ? Look at the news and its unbelievable ...
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I have been hearing all this FUD about TRX especially coming from the beginning stages of the Token and angry people (maybe they lost money when they bought at 0.25 IDK. )They all say TRX is a "shit coin" etc.
All started with the so called plagiarized white paper. Hmm. All this FUD for that ?
Have you seen what they have done so far ?
Eos on the other hand has been getting all this attention. This is a great coin, invest, growing to over $10 compared to TRX now at $0.04.
But look at what has happened with the Main Net launches for both. Have you seen the news ?
EOS for example.
The Main Net Launch was late first of all. They were not ready on time. The news of the EOS Main Net freezing and transactions at a standstill. So many technical issues affecting the EOC Blockchain. Voting problems, just crazy.
A tweet from EOS Authority:
@EOSauthority
Jun 16
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At 09:56 UTC (1 hour ago) we had an alert with transactions frozen on the EOS network globally. All the BPs are aware. We are all on a call with the other BPs to identify and resolve this issue. No timelines yet. #eosio #mainnet
After the information of the Blockchain problem broke, the EOS tokens dropped in price by 5%.
One person earned a nice $120 k for identifying software bugs on the platform.
All this stuff points out serious flaws with the software and it makes it seem like EOS has been massively overpriced at about $10 now and have many more issues in the future.
TRX main net launch went on without a problem. Its at about 2000 transactions per second now.
Justin Sun has even raised the bounty for hackers trying to hack the network to $10 million dollars because he feels so sure of the project. Tron also employs some excellent people. Ex IBM guys, Ex Alibaba employees etc.
The main net has been out for some time now and not one development of any failures and or hacks has come out yet but the price is at $0.04.
All this points to out that all TRX woes are with its image. To say the least people not believing in the project have no basis in their distrust except the beginning FUD about the white paper and so on. TRX has performed very well. Main net launched without a hitch. They are so sure in the software that they keep raising the bounty which has still not been touched.
On the 25th of June its Independence day for TRX and its no more token, It's going to be TRX the COIN and separated from Ethereum.
Its crazy sometimes how the Crypto world works and with real FUD from one side the token price rises but with Only good news from the other side people are so crazy and listen to stupid gossip the price is so low.
That's Crypto world for you guys. Amazing to think of it but very hard to understand.
Hmmm... but there's another factor here. EOS managed to raise $4 Billion in their ICO. If they decide to, they can just buy all of TRON's coins and make sure that project fails.
Heck, they can do that to a lot of ICOs before going bankrupt.
I find it incredible how people are willing to give that much money to a single project... and no one seems to care that no Software Project in the world will ever justify a budget that obscene!
It's like we're living in loony town.
You understand that if they buy them that would be good for tron right ?
Also 60% of them are held by the Tron foundation. Not for sale so another failed project by EOS ;)
It's a total madness.
To all the EOS buyers: I'm also a software developer. Any of you interested in giving me a couple of Billion Dollars? I promise I'll make the best Project ever. Or I'll retire and sail around the world. You like gambilng, anyway, don't you? :-P
It's easy to understand really... Their market caps are comparable, but when one coin has a significantly larger supply, the price is going to be low. For instance, look at the column at far right in the below picture...
That is the circulating supply shown at CoinMarketCap.com. When you have a market cap of 3 billion, but have nearly 66 billion coins, then you're at about 4 cents per coin by that division. However, EOS has a market cap of nearly 10 billion with not quite 1 billion coins which means that each coin is going to be worth about $10 USD.
The greater the supply, the worse a coin is in terms of SOV (store of value). This means that there has to be much greater market cap than EOS just to stay equal. So for TRX to have the same returns, buying in at $0.04 USD, for it to be eventually worth about $10 USD, Tron would have to have a market cap about 65 times higher than EOS. That's not very likely unless it becomes #1.
But lets say that Tron becomes the standard smart contract platform. You buy in at 0.04 and buy $1000 USD worth, that will give you 25,000 TRX tokens. Lets say you do the same with EOS and buy $1000 USD worth of EOS; that will give you somewhere in the neighborhood of about 94 EOS tokens.
Now lets say that the one that wins the dApp race will at some point be be worth 1 trillion USD. Which investment will do better? Well we take the market cap and divide it by the total supply of coins.
In Tron the total supply will be at least 66 billion. In EOS, due to inflation, this will likely be somewhere around 1.5 billion supply. TRX may also have inflation, so lets say that it's somewhere around the same rate as EOS and it turns out to have 90 billion coins. So here's the math...
TRX = 1 trillion market cap / 90 billion = 11.11 USD = 277,750 USD
EOS = 1 trillion market cap / 1.5 billion = 666.66 USD = 62666 USD
Tron did better because we bought in so low compared to the parabolic curve of its rise. However, if you were able to do the same with EOS and also buy when it was 10x that price, say at 40 cents last fall, then you would have done much better with EOS because you would have had 2500 EOS = x 666 = 1.665 million.
One trick I use is the order of magnitude difference between circulating supplies. If one coin has 10 times the supply, then it has to have 10 times the market cap to match. This should help you sort out in the parabolic curve which CAN give the greatest returns.
That I get but comparing supply TRX should still not be at 4 cents ...
Which means that it's potentially heavily undervalued.
Any good exchanges you know where to buy? This one looks pretty good.