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All Systems are GO for a Tron (TRX) Bull Run in August

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As the rest of the crypto-verse concentrates on the possibility of a Bitcoin (BTC) bull run, it is also wise to also explore the endless opportunities of other cryptocurrencies to flourish during such periods of a strong BTC. Looking at the crypto-markets, BTC bottomed out on June 29th when it was valued at $5,800. Since then, it has reached and surpassed $8,000: a gain of more than 38% in a period of less than a month. When we have a healthy Bitcoin, TRX will have a chance to prosper. August also is when the Bitcoin ETF by the CBOE is meant to be ruled upon by the SEC bringing us to the first reason why TRX will be ready for a Bull Run in August.

The Tron (TRX) project has gone through an eventful last 2 months that begun with the launch of the Mainnet on May 31st. A key event to the Tron project was the token migration that started on the 21st of June and is yet to be complete in some exchanges. This then brings us to the second reason why TRX is readying for a bull run.

Up until now, many TRX HODLers had their new coins locked up in the over 50 exchanges that took part in the Token migration process. Out of these, around 38 have completed the process. Therefore, the liquidity of TRX has increased with deposits and withdrawals being available. The TRX owners can now either store their newly minted coins for safekeeping or use them as was the case with the Taxi in Spain a few days ago. In the case of the latter, TRX adoption means an increase in demand further boosting the value of TRX.

Also, as exchanges complete the token migration, this means that TRX HODLers can stake their coins for voting on Tronscan bringing us to the third reason why TRX will Run with the Bulls in August. Once new accounts are opened on Tronscan and voting via staking TRX increases, there will be less TRX in circulation. With a decrease in circulating supply, the only way is up for TRX.

Another reason why TRX is readying for a Bull Run is the general psychology of TRX HODLers who expect great things from the coin and project. With the Tron Foundation acquiring BitTorrent and planning to integrate it into the Tron Ecosystem using the secret project (ATLAS), the TRX HODLers will do everything in their power to popularize the result of this project. This will involve convincing family and friends to test drive the integrated platform. More users mean more publicity for the coin and project. This will, in turn, lead individual investors to buy more TRX.

Summing it all up, all the signs and signals are pointing towards a prosperous August for the TRX coin. With the bear market showing signs of easing, August sets the stage for a Bull Run for not only TRX but the entire Crypto markets.

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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.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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