Some crypto coins seem to find more favor in the sight of the bulls in the crypto-sphere. It does not come as a surprise that VeChain (VET), Bitcoin (BTC), and Tron (TRX) still have their heads high despite instabilities recorded in the market. It is important to consider the factors that make them tick and their chances to hit it big in the later months of 2019.
Tron (TRX): More dApps on the Way
The bearish trend seems not be hitting the Tron (TRX) token badly. The coin’s Foundation is keen on developing more projects that will drive its adoption and use cases. The gloomy days sweetened with the successful launch of the Tron Main Network (mainnet), which opened the way for development of Decentralized Applications (dApps).
This is coming at a time when investors are looking for projects with real-world use cases. It is worth mentioning that these applications (dApps) are fast becoming a trend that holds great prospects for cryptocurrencies. The scalability of Tron (TRX)’s dApps is another factor that makes it a coin to watch out for in the remaining months of 2019.
Also Read: After Tokenization Benefit, Tron (TRX) Goes Live On 3,000+ Stores In France, Courtesy Of Bitnovo
In the DApp sector, Tron network remains the champion. Developers building on the network are focusing on gameplay, and this has been reckoned as a great propeller for DApps in the space.
However, the blockchain network has announced the imminent launch of SunNetwork to better its efficiency. SunNetwork is designed to enhance the scalability, speed and security, among other of Tron DApp network.
Vechain (VET)’S Traceability solution Romancing Prospective Partners
Since the trend of crypto-to-fiat partnerships began, VeChain (VET) has been among crypto coins that take the lead. Its collaborations with relevant partners are a move that will change its fortunes later in the year. Of particular interest is the partnership with BYD, China’s largest electric vehicle manufacturer.
The collaboration is set to launch the coin into the carbon emission market, where it will help in the regulation of carbon emission imbalances. The focus on China, which is a region that is bullish on blockchain technology, could mean more collaborations coming VeChain (VET)’s way.
The traceability solution of the technology has gone far and wide, especially at the time industries need immutable technology to track and ensure the originality of their products. Norwegians, Italians, Cyprus among other are lauding Vechain – DNV GL MyStory co-developed solution.
Bitcoin (BTC)’s Stability as a Bullish Factor
Bitcoin (BTC)’s stability over the years is one factor to trigger investors’ interest on the coin. After successfully holding the forth as the first crypto coin by market capitalization, it seems the trend may not go off anytime soon. Despite the market slumps that dipped the coin’s fortunes, Bitcoin (BTC) is still pressing forward.
2019 is the Year of the Bulls
The first quarter has ended. Even though the fortunes of some coins are yet to get massive improvements, hopes are high that crypto coins will bounce back anytime soon, more importantly as Bitcoin holds firm above $5,000 support. While investors keep hopes alive, VeChain (VET), Bitcoin (BTC), and Tron (TRX) will get favors when the bull returns fully for cryptocurrency.