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Alibaba (NYSE:BABA) to partner up with Tron (TRX) soon?

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It’s not a ‘done’ deal but only a weeny possibility so far, one that would definitely change the game for TRON (TRX). No official announcements have been made yet, but one can sense it by paying attention to both company’s activities, and contacts points at both being part of each other’s big picture. Justin Sun’s (the man behind TRON) link with Alibaba keeps getting stronger as each day passes, which suggests a deal is on the horizon.

The most relevant piece of info about this comes from none other than Jack Ma. Mr. Ma is not only Alibaba’s co-founder and CEO, but he’s also always avid to go into new businesses, and he prefers to do that by supporting projects started by his former students and collaborators. This is not speculative; there are plenty of precedents.

Hints pointing towards Tron/Alibaba partnership

Just think about Weixing Chen, who founded Kuadi which is an app-based service similar to Uber that’s taken off in Asia over the last few years. Alibaba (or Mr. Ma) supported this initiative very intensely, and now it’s already doing better than Uber (or at least just as good). Alibaba’s involvement in this was no coincidence. Mr. Chen is a TRON team member and is a close friend of Mr. Jack Ma’s, as are the main people behind TRON. And that could make all the difference. The personal link is there.

Let’s just do a little math here. Mr. Sun is one of the best apprentices Mr. Ma ever had. He graduated from Hupan University (Mr. Ma happens to be the university’s principal). This is a highly competitive university, and TRON’s Justin Sun graduated as the first millennial student ever. That could only bring him closer to Mr. Ma. TRON is one of the fastest growing blockchain projects in the world. Chen has the talent, the commitment, and the connections so it would be no shock at all if he announces a partnership with Alibaba before Q2 ends.

Please don’t get me wrong. There is no official information so far and the last thing the cryptocurrency industry needs are ambiguous reports. Nothing has happened yet, all we have are clues and precedents.

Mr. Justin Sun has been cogent and forceful about TRON’s future prospects. He is optimistic, persuasive, and competent. The cryptocurrency community pays attention to the way he speaks and performs, and they’ve not been disappointed so far.

Buy this does not compare with what partnering with a global company like Alibaba would do for TRON, which is still a fledgling cryptocurrency firm, even if Mr. Ma is willing to invest in them and protect them. TRON will be not alone in this. Ofo, Bikeshare are riding along, and Kuadi could be next.

One more thing. The man called Marcus (Zhao Hong) used to be Alibaba’s data mining chief. He’s good; he’s close to Mr. Ma. And he now has joined the TRON team as well.

And then there is Lucien Chen, who previously worked for both Tencent and Alibaba and now holds a technical lead position at TRONSo just keep an eye open in this situation. You might just be surprised as a global company puts its money on a cryptocurrency firm.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Felipe Spina via Flickr

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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