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Can Tron (TRX) maintain its momentum ahead of MainNet launch?

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Tron TRX momentum

Tron (TRX) is currently sold at $0.064 handle off the Asian low which is sold marginally at $0.5813. However, the coin is seen as one of the top ten cryptos in the world today, but it is down to about 21% from its original status that it attained on April 30. Indeed, purchasing it around $0.06 can be considered as a step forward.

Furthermore, even though the current situation of Tron (TRX) has improved marginally, TRX/USD needs an upsurge above the sloping trendline, which is at $0.0817, to repudiate the recent ‘positive’ momentum.

Nevertheless, it necessary to know that Tron (TRX) is set to launch its MainNet in just one day and currently, the coin is set to release its javascript program. But one question that has raised a little bit of concern is that will Tron (TRX) maintain its momentum throughout this year and the years to come by acquiring further profits in the market?

Tron’s MainNet launch into the market means that it will definitely experience a variable increase in price movements before and after the MainNet gets launched. Moreover, the price has shifted into a triangular form which implies that a breakthrough might occur in both directions in the future.

In the time of the TestNet launch, which was the last vital activity that was performed by Tron on March 31st 2018, there were sharp drops in price. On March 29th, Tron’s (TRX) was priced at $0.048, but by April, the coin was priced at $0.033 (which presented a significant price drop).

Furthermore, the decrease in the price of Tron (TRX) comes in a time when there were turbulences in the crypto-market, and during that period, the price of bitcoin was valued at $6,570 against its initial value at $8,000. The same inclination might occur with Tron’s (TRX) as its MainNet is about to be launched after 30 hours or so. Nevertheless, in the coming days, the digital currency has planned its activities to put TRX in an excellent state (well, at least, they are trying their best) in the crypto-market.

Firstly, the digital currency, Tron (TRX), has lined up strategies to migrate its token in June. Additionally, Tron (TRX) has also passed a TRX Airdrop to make its MainNet popular and help in the migration of its token. With these plans, Tron (TRX) is also set to launch the Genesis block on the 25th of June.

With all these events coming up in the next few days, we could safely say that Tron (TRX) is not ready to take any chances for a drop in its price that occurred a few months back immediately once MainNet is launched. This further implies that the token will continue to maintain its momentum and even increase its value in the coming days and years.

With the variable challenges facing big cryptos like Bitcoin (BTC), Etherium (ETH), Ripple (XRP), it is seen that these major ‘crypto-market players’ are in the red. It is for this reason that the U.S Department of Justice is aiming to manipulate Bitcoin (BTC).

So, it seems Tron has put together all the things ‘correctly’ to maintain its momentum strongly even after the Main Net launches. But, things could go the other side for Tron’s TRX too if the market keeps going down due to legal issues (the alleged US manipulations).

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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

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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