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

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Tron

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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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