Ethereum is King; ETH is A Preferred Buy-Hodl Over Tron (TRX) and EOS
Tron and EOS have been impressive
over the past few months, offering great challenges to Ethereum as the fight to
attract dApp developers continue. Despite that, ETH remains the preferred
cryptocurrency to buy and hodl over TRX and EOS.
Ethereum (ETH) Is Preferred by Investors
Ether is the cryptocurrency of choice
for many investors despite impressive achievements recorded by both EOS and
Tron (TRX) over the past couple of months. In a recent poll, Ethereum (ETH),
which is the second largest cryptocurrency behind Bitcoin, was chosen by most
investors as the digital asset they would likely buy and hodl in the long term.
Omar Boham, a cryptocurrency news
writer, created a poll on “which smart
contract platform token would you rather hodl for five years?” ETH got 48
percent of the vote while EOS and Tron (TRX) got 14 and 13 percent
respectively. The remaining cryptocurrencies such as Tezos, Cardano (ADA) and
others got the remaining 25 percent.
This latest development is an
indication that Ethereum (ETH) is better as an investment compared to the other
smart contract platforms or shows that crypto investors believe in the
long-term future of Ethereum over the other cryptocurrencies.
These insights come despite EOS and Tron recording impressive gains in terms of technology and adoption. Last month, China’s Center for Information and Industry Development (CCID) released its cryptocurrency ranking for the month and EOS was the leading crypto. It was closely followed by Tron in second place with Ethereum closing the top three as the top coins leveraging technology and leading in adoption.
The ranking by the CCID looked into improvements made on a blockchain and Tron, and EOS have
been impressive over the past few months maintaining to wade off competition in
Tron, Ethereum and even Waves.
Justin Sun Claims Ethereum Is Gone
Even so, Justin Sun, the CEO of Tron,
contents that Ethereum as a smart contract platform is a relic, a thing of the
past. Last month, Sun tweeted that he is convinced Tron would overtake Ethereum as the
second largest cryptocurrency and when that happens, he will erect a monument
in honor of the crypto and the contributions made by Vitalik Buterin to the
The jibe by Sun came a few days after
the CCID rankings which placed Tron above Ethereum. Buterin on his part
commented that he would lose hope in humanity if Tron were to overcome Ethereum
in terms of classification. EOS meanwhile has been leading the rankings over
the past few months, and the impressive stats by the blockchain could see it
continue its dominance though it faces competition from Tron and Ethereum.
But that was not the first time Sun
is launching javelins at Ethereum. In 2018, Sun claimed that “TRON is 80 times faster than Ethereum. With
14 years of experience, @BitTorrent is providing world-class service to 100
million users in 138 countries. Add the two together, and you get the largest
and most advanced peer-to-peer network in the world! #TRONBT $TRX”
“Even this year you will see TRON (TRX) officially collaborating with Ethereum (ETH) to do something good for the industry.”
Despite the attacks on Ethereum, Tron
is still less preferred as investors would rather bet on the long-term future
of ETH over that of TRX and EOS.
And while Ethereum is king, scalability
is a primary problem plaguing the Ethereum blockchain, and if it could solve
that, then it would become the dominant smart contract platform attracting
gamers. For now, the Ethereum community should take comfort that the
cryptocurrency is preferred by investors across the globe over new entrants
like Tron (TRX) and EOS.