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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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