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Binance TRX/USDT trading pair means gold to Tron TRX

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The independence of Tron (TRX) has been one of the most awaited events in the crypto sector, but as the day comes closer, there are more and more holders that are not feeling that positive about the token. In the recent days, Tron (TRX) has been in a notable dip, trading in red for the most part and showing significant bearish moves that left the community a little confused.

After the launch of the Main Net, each one of the TRX holders were expecting an incredible boost in the token as it was very much predicted. However, this has not been the case for the current number 10th coin of the market which has been fluctuating but not in a positive way.

So what’s exactly going on? Is it just Tron (TRX) or the market as a whole?  What’s exactly the coming future of the coin? Is there any good news related to the crypto? The answers to all of these questions are answered below. Let’s see how it goes!

The positive thing in the current TRX panorama

In general terms, the market of cryptocurrencies has been suffering an outstanding dip, and this is a fact each crypto of the sector has been showing on its numbers. Tron (TRX) is not the exception, in fact, it is one of the coins that have been more affected by the dip of the market, showing an 8.39% decrease in just last 24 hours and currently trading at a price of $0.0436 according to Coinmarketcap.

However, despite the red numbers, Tron is actually one of the most active coins in the sector. It all appears, that as the CEO himself, Justin Sun, says, the company “Never sleeps,” and this is something that has been specifically notable even during the last few days as Tron has managed to engage in several partnerships and listings across the globe.

Besides that, the token has a history itself of being not in the best terms and out of nowhere just get back on track performing in green again, which is definitely a possibility after the many news related to the coin with the coming independence and its well-deployed strategic alliances.

The most recent advancement – Binance will support TRX on its independence

Justin Sun has started a countdown on its Twitter account for the moment of the long-awaited independence of the TRX token. In fact, today he published a tweet in which he writes:

In the same line of announcements, just a couple of days ago, Tron founder as well reported important news for the token swap of the company. He said:

Concerning the Binance endorsement, it was known that the popular exchange platform would be in charge of completing the token swap for TRX users that want to deposit ERC-20 TRX tokens into the platform as the MainNet, Odyssey 2.0, goes live.

In addition, a new trading pair was added to the net (TRX/USDT), a fact that will inject the token with a boost of liquidity. You should avoid panicking over the current market stats of Tron TRX, be a horse of long-race. Think long-term.

If you go and ask any seasoned investor out there, he will attest that current position of any stock or company isn’t what determines whether it’s a good bet or not. The skillset and passion of management and service or product being offered are the key factors one needs to take into account.

And, in case of Tron, both stand true; Justin Sun alone has a massive following, and he’s serious about making all his project’s believers succeed (the Tron Beijing office team alone has reached 108 members, that’s impressive and yet another reason to believe he’s rushing towards the Tron goals), and Tron blockchain is a real-world solution as it aims to revolutionalized the content industry. Now, this Binance support for Tron clearly hints towards the fact that the giant crypto exchange believes in Tron a great deal too, this is nothing less than the gold for TRX. Wait and see it going through the roof soon.

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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.

Image courtesy of Pxhere.com

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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Blogs

3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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