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

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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.

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

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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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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