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Can Tron (TRX) become one of the top 5 cryptos in the market now?

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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.

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.

Conclusion

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.

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

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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