Connect with us

Blogs

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

Published

on

unifox-ad
Tron
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

3 Coins Coinbase Will Adopt Next

Published

on

Coinbase
READ LATER - DOWNLOAD THIS POST AS PDF

Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

Continue Reading

Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

Continue Reading

Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

Continue Reading

Elite