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Can TRON (TRX) Soon Outshine Ethereum?

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The recent announcement by TRON’s (TRX) founder, Justin Sun, states that TRON MainNet already has over 100K registered accounts. Sun believes that even more of them will come soon due to TRON Virtual Machine.

TRON MainNet hits 100,000 users

There is no denying that TRON (TRX) has made incredible progress this year, even though 2018 so far has been one of the least crypto-friendly years in the last decade. TRON did not allow this to distract it, and has had too many achievements to count, most of which came in the last three months.

Instead, the altcoin is getting stronger and more resistant to negative market development. Not only that, but Justin Sun’s countless Twitter announcements have led to increases in this coin’s popularity as well. More and more people are discovering TRON, learning about it, and joining its already incredibly huge community

https://twitter.com/justinsuntron/status/1024947109617840128.

In fact, even though TRON launched its MainNet only two months ago, Justin Sun claims that it already has over 100,000 registered accounts. The soon-to-come TRON Virtual Machine (TVM) is expected to attract many more users, and Sun seems to be sure that TRON’s new Project Atlas will see that number eventually spike up to 100 million. Additionally, the block height of TRON has reached 1100078, with an official number of online nodes being 368.

With a situation like this, a lot of TRX enthusiasts have started wondering if TRON may be on its way to outshine Ethereum (ETH) like Sun promised.

TRON (TRX) before and after the MainNet launch

As mentioned, this was a big year for TRON, and a lot of changes happened in its ecosystem. Before its MainNet went live on June 25, TRON was still on Ethereum’s network and has used its ERC-20 token standard. Many believed that TRON will turn on Ethereum as soon as it got the opportunity to leave its network and that it would become its main contender.

Even back then, TRON’s dApp users exceeded 100 million, and it was largely believed that TRON will grow even stronger once it gets on its own blockchain.

Then, the MainNet was launched, and it was not followed by a period of stagnation. Instead, Sun’s team continued further development, bringing more and more partners, new products, and of course, TRON kept on its mission to close the gap between it and ETH. Generally speaking, TRON never abandoned the goal of becoming a better platform.

On several occasions, it launched bug bounty programs and rewarded its community for every contribution that they made. Additionally, it made a few steps toward expanding into everyday use by entering partnerships with a garage in the UK, as well as a taxi service in Spain.

One of its largest applications was also seen not too long ago when TRON made headlines for partnering up with Pornhub, which accepted it as a valid payment option. Finally, one of the most recent events was Justin Sun’s purchase of BitTorrent, and the announcement of the secret project. While fans of the coin were left to speculate what the project was about for several weeks at first, the project’s official reveal also arrived only days ago.

Sun stated that the project will involve merging of BitTorrent with TRON, which is expected to bring even more users, and help TRON go up to 80 times faster than ETH. It also allowed TRX to become the largest decentralized ecosystem today, and that is a major success for this crypto, which, despite everything that it already achieved, still doesn’t show any signs of stopping.

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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.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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