The Fate of Tron and Near: Will They Suffer the Same Fate as UST? 2022

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Think of UST as the older brother, who had it all – looks, brains, and charm – but then fell from grace in an unfortunate accident that got him banned from college and broke up with his girlfriend. TRON and NEAR are the younger brothers who looked up to UST and were eager to follow in his footsteps (a little too eager), eventually falling into the same pitfalls he did.

In this article, we take a closer look at what happened to UST, what happened to TRON and NEAR, and whether they’ll suffer the same fate as their elder brother.

What is TRON?

TRON is a blockchain-based, open-source protocol that allows users to publish, store, and own data. The TRON Protocol enables creators to release their content on decentralized applications (dApps), without being hindered by third parties. Decentralized apps built on top of TRON run thanks to network nodes rather than centralized servers.

Unlike most blockchains in existence today, TRON uses an adapted version of delegated proof-of-stake (DPoS) consensus where token holders vote for delegates who are responsible for validating transactions and maintaining network integrity in exchange for rewards.

What is NEAR?

Another project that’s tackling micropayments for content is called NEAR. It wants to provide a better way for publishers to monetize their content. Instead of using ads, which can be annoying to users, it uses its own cryptocurrency (called NEAR) so that readers can choose whether or not they want to support their favorite sites. It’s a novel idea, but will it work? We don’t know yet because there aren’t any working products yet; it’s just another ICO right now with nothing backing it up besides promises.

The Fate of Tron and Near

Will They Suffer The Same Fate As UselessToken? In recent weeks, there has been an influx of small cryptocurrencies launched on platforms such as Ethereum, NEO, Stellar, and Cardano. Each one promises to solve a particular problem that they believe is either overlooked or wrongfully implemented by previous cryptocurrencies.

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Top Cryptocurrency Myths in 2022: You Should Know To Stay Safe

Although some have accused these new coins of being useless clones, others have argued that each coin brings something new to the table. However, it seems like many projects are doomed from their inception with poor marketing plans and low-quality code. Will TRON (TRX) and NEAR (NRC20) suffer from similar fates? Let’s take a look at what makes each project unique in order to determine whether or not they will succeed where other coins may fail.

The Fate of Tron and Near Will They Suffer the Same Fate as UST?

Both TRON (TRX) and NEAR have had stellar performances in 2018. But will they continue, or will we see them suffer a similar fate to one that’s already being seen in usdt?: Both TRON (TRX) and NEAR have had stellar performances in 2018. However, what happens from here on out is anyone’s guess. Here are two things to look for when trying to predict their futures.

Did UST Make It?

At first glance, it seems possible that both TRON and NEAR will fail to realize their potential. After all, a number of other large cryptocurrencies have seen their market caps sink below their initial ICO price points. That said, there’s a big difference between these projects—and in many ways, they offer different value propositions than UST did at its height.

The outcome isn’t clear yet, but we do know one thing for sure: there are no guarantees in cryptocurrency. Even for projects with proven teams, useful tech, and unique ideas…nothing is certain (yet). And so far – neither project has disappointed.

Will They Suffer the Same Fate as UST?

While Bitcoin is by far and away from the most popular cryptocurrency in existence, it isn’t going to be forever. There are several other crypto coins being developed right now, including Ripple (XRP), EOS, Stellar (XLM), Cardano (ADA), TRON (TRX), and others.

Given how crowded crypto is getting – there are well over 1,000 different cryptocurrencies available today – there may come a time when investors will want to diversify their holdings across multiple coins. If a catastrophic event were to occur that caused one coin or group of coins to lose its worth—like what happened with UST—then investors will want an alternative option they can turn to immediately.

Why Did These Projects Fail?

A large number of virtual currencies launch every year, but most fail to gain traction. Here’s why some cryptocurrencies are destined for failure. This has been a repeating pattern throughout cryptocurrency history.

SEE ALSO:
How To Invest In Crypto Full Beginners Guide in 2022

New projects will spring up, developers will express grand ideas about what they hope to accomplish with their blockchain, and then time will go by (sometimes years) without any new information from that project. Sometimes it turns out that a project was abandoned completely; other times it turns out that things were delayed for one reason or another.

Where are We Now with these Two Projects?

In a previous analysis, we talked about how almost all cryptocurrency projects have seen their value either rise or fall considerably. We asked Where are we now with these two [USDT] projects? If you aren’t familiar with those articles, check them out here.

Since then, both TRON (TRX) and near (NAR) saw their values drop. As TRX’s valuation dropped around 50%, NAR fell over 70%. Are these coins going to die as UST did? Let’s find out!

Final Thoughts on Tron and Near

The fate of these two digital assets will depend on whether or not they can survive long enough to reach liquidity and critical mass. Will TRON be able to handle transaction volumes at critical mass? Will Near handle high-frequency trading at critical mass? Both TRON and NEAR have a lot of promise, but it’s yet to be seen if either network can hold up in high-volume, high-frequency trading scenarios. Time will tell.

Frequently Asked Questions – (FAQ’s)

Does TRON have a good future?

Nonetheless, TRON’s worth for 2023 and the past is barely extra optimistic as costs could attain as excessive as $0.1400. This spells nice information for buyers trying to get in on TRON, seeing as they’ve additionally predicted over a 300% improvement in worth by 2027. 2022 – 2023 Tron worth prediction.

What’s occurring?

The cryptocurrency market is in turmoil, exacerbated by the collapse of luna and the UST stablecoin, each tied to the terra blockchain.

Why does it an issue?

Over $15 billion in crypto worth has been worn out, and the collapse has raised questions on stablecoins on the whole. The crash has caught the attention of politicians and regulators.

What’s subsequent?

Terraform Labs CEO Do Kwon has a plan to revive luna, which might contain forking the terra blockchain.

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