Connect with us

Blogs

Binance TRX/USDT trading pair means gold to Tron TRX

Published

on

Tron TRX Binance
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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 Pxhere.com

Altcoins

Analyzing The Best-Performing Cryptos

Published

on

cryptos
READ LATER - DOWNLOAD THIS POST AS PDF

Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

Continue Reading

Blogs

Is Tether (USDT) really a stable coin?

Published

on

Tether
READ LATER - DOWNLOAD THIS POST AS PDF

Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

Continue Reading

Blogs

TRON Partnership Involves Cloud Computing

Published

on

TRON partnership
READ LATER - DOWNLOAD THIS POST AS PDF

It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

Continue Reading

Elite