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Best Time to Buy TRON (TRX) – Here is Why

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Tron
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TRON (TRX) has been one of the cryptos that the entire Internet has been talking about for months now. Still, it remains extremely undervalued, even with all of the success that it has experienced recently, especially in June of this year. This might change soon, and now might actually be the best time to buy TRX. Here is why.

About TRON

Before we get into why buying TRX is the best thing to do now, let’s first quickly reflect on the coin itself.

TRON is a cryptocurrency belonging to TRON ecosystem, with a strong focus on decentralization of the internet. Its goal is to create a free system that would concentrate on online entertainment, and it plans to do so through the use of blockchain technology. Basically, through the use of TRON, users would be free to store, publish, as well as own data without difficulties.

So, TRON applies blockchain technology to improve the current content creation environment that is available through the internet system, which is currently centralized. However, instead of the content going through various centralized information distributors, it would be decentralized, and thus free for creators to organize it and use it as they see fit.

TRON’s concept is pretty similar to that of Ethereum, and it provides its users to create dApps and smart contracts on top of it. TRX’s role in this would be to serve as a gas-type asset, which would emphasize on the functionality of these applications.

With that in mind, let’s see why TRON has a bright future ahead of it, and more importantly – a soon-to-come increase in price.

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Why TRON’s price might soon go high

Currently, TRON is extremely undervalued, with its price being at $0.036550 as per CoinMarketCap. Its price went down at the beginning of the year, just like that of pretty much every other crypto. However, there are three reasons why TRON is bound to reach greatness once again, which is not something that every digital coin may expect.

The first one includes the team behind it, and more importantly, the man behind it all – Justin Sun. Sun has proven to be one of the most capable people in the crypto world and has even been profiled in Asia’s 30 Under 30. As part of his studies, he learned under Jack Ma, the chairman of Alibaba, and has even been suggested as one of the handful of future billionaires by Forbes.

His influence is extremely large, and he even has over 446,000 Twitter followers which are following his every update on a daily basis.

This leads us to the second reason why TRON is a safe investment, which is its community. TRON is one of the most popular coins today. It is held by over 426,000 people, which made this coin reach over 60 countries around the world.

Its community is enormous, and not that many cryptos can claim to have as much support as TRX has. With a community like that, TRON is definitely getting the much-needed attention that allows cryptocurrency to not only survive the difficult times but to also prosper as soon as the conditions are right.

Finally, there is the third reason why TRON can be trusted, and that is its operational development. TRON is one of the most updated coins around today. The team behind it consists of over 80 individuals, and it continues to grow.

The list of companies that have entered some sort of partnership with this cryptocurrency continues to grow on a daily basis. Not to mention that TRX has finally launched its MainNet, and has even started the process of token migration. Through this process, TRX coins are finally leaving Ethereum’s network, and are going to their native blockchain.

Finally, TRON has recently purchased BitTorrent, which was not done on a whim, but instead, the coin plans to implement BitTorrent’s technology and improve its own.

TRON has also been listed by numerous exchanges even before the launch of its MainNet. However, the real increase came before the token migration, with many new exchanges offering their support and entering a partnership with this crypto.

Obviously, TRON has done a lot recently. Because of all this progress, it is very unlikely that its price won’t soon start to change for the better. Similarly to what has happened to early Bitcoin and Ethereum holders, those who purchase TRX while it is still cheap might make quite a profit once this crypto finally gets to the price that it deserves. Of course, the crypto market is anything but reliable, and large changes for better or for worse are a part of its daily routine. However, all this information indicates that TRON has a very bright future ahead of it, and such an opportunity should definitely not be missed.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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