In recent days, Tron (TRX) has been experiencing one of the biggest tractions of the market, a fact that without a doubt is helping the token to appear strongly in the crypto environment. However, when it comes to crypto enthusiasts, many are kind of obsessed with the coin, and on the other hand, many are just not that excited or don’t see the future of it that bright.
In this sense, much has been said regarding would it be or not a possibility for Tron to surpass the top 10 mark and obtain a better performance in the coming months of the year. Regarding this, there are solid reasons to believe that if everything continues the way that is going as of now, Tron (TRX) will become a top 5 crypto this year, and will regain momentum in the months to come. Let’s see how it goes.
What was Tron (TRX) created for?
Starting from scratch, Tron (TRX) is a blockchain platform created by Justin Sun with the intention of providing a fully decentralized space for the entertainment industry. In this matter, what Tron envisions is to become a more accessible platform where the content moves freely, which means that artist and content creators are given a chance to publish their content without the need of a third-party network such as Youtube, Facebook, and such.
The coin is harshly one of the youngest in the sector, and in just a short period of time, it has managed to become the 9th largest cryptocurrency in existence, with a trading volume at the moment of writing of $168,396,000. In addition, Tron (TRX) has achieved to appear listed in more than 30 crypto exchanges in the world, and more than 100 trading pairs are offered for the token holders.
Advantages that Tron brings to the table
Tron (TRX) uses one of the most advanced technologies in the cryptosphere, and this is something that has granted the crypto with a variety of advantages against other coins in the market.
For starters, the TPOS algorithm makes possible for Tron (TRX) to perform transactions faster than many other tokens in the sector, including Ethereum (ETH). The same way, because of the bandwidth system that is applied to transactions, TRX is almost free of fee charges, which is an incredible advantage compared to others.
Furthermore, the token has recently launched its own virtual machine on May 25th (the testing phase and migration are just about to get done) and is a pioneer in the industry with respect to reward programs and features.
An influential founder
One of the masterpieces of the TRX token is undoubtedly its founder, the businessman, Justin Sun. The entrepreneur is one of the most influential figures in the financial industry, who is even expected to beat his old mentor, the CEO and founder of the giant retailer, Alibaba.
— Justin Sun (@justinsuntron) June 25, 2018
Sun has managed to make his own name in the industry, and besides being the head behind the TRX token, he has collaborated with other companies of the sector and owns its own version of a social network in China. He was formerly the Chief Representative of the third largest cryptocurrency, Ripple (XRP), and parallel to that runs his own social network, Peiwo.
MainNet Launch and TRX migration
Tron (TRX) was initially based on the ERC-20 protocol of Ethereum. However, this year the token has started its migration to its own blockchain, a movement that began back on March 31st when the Testnet was launched. The results with this launch were highly astonishing; in fact, the crypto started to climb in the charts by gaining a remarkable momentum.
A little later, specifically in April, the coin started a bearish move, which was mainly originated by the banning activity in the social network, Facebook. It was expected that after the Mainnet launch at the end of May this event would be overpassed, but unfortunately, it also matched with the general dip of the sector.
But now, the migration of the TRX tokens based on Ethereum is just about to finish, and as the users settle on its MainNet, Odyssey, without reporting any issues in coming few days, the token is expected to regain its momentum.
Fiat pairs and listings
One of the strategies TRX has deployed in order to overcome the recent bearish performances is working on different relationships with influential organizations of the sector. Like this, it has managed to partner with at least 30 different exchanges including OKEx, Bithumb, Binance, Upbit, Coinegg, Bit-Z, Coinflip, and the most recent one, Coindelta.
In addition, the coin has added liquidity to its token by offering fiat trading options such as TRX/USDT, an initiative that seeks to decouple Tron (TRX) from BTC while trading with the coin.
Tron is giving the most solid steps in order to continue its climbing in the industry. With all the partnering activity, the liquidity injected to the coin, and the developments the company is doing, one of the most certain things to happen in the short term is that the token reaches its ambitioned top 5 status.
— Justin Sun (@justinsuntron) June 26, 2018
And Tron’s Super Representatives’ move is worth noting too. But, as of now, nothing guarantees that the coin will join top 5 cryptos list, it will majorly depend on how the new MainNet of Tron works out and how well the company keeps pushing forward. So stay tuned!
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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
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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