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The Cheaper TRON (TRX) Gets The More Attractive It Becomes: Here’s Why.

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Tron image

On January 5, 2018, TRON (TRX) commanded a price of $0.26 a piece and a market cap of a little over $17 billion. Right now, the same coins go for just $0.03 a piece and the company’s market capitalization has fallen to $2.15 billion.

Sure, this decline has come against a backdrop of wider market collapse. Prices across pretty much every coin or token on the market are a fraction of what they were just a few weeks ago and the industry is currently undergoing one of the all-time steepest corrections since its inception less than a decade ago.

With Tron, however, a few other inputs have served to push down the company’s tokens slightly further than might otherwise have been the case if the company had simply fallen on a collateral impact principal.

TRX Daily Chart

TRX Daily Chart

The company’s white paper was shown to have been plagiarized (to a degree) and despite Tron’s efforts to explain it away as a translation problem, markets are far from convinced. The somewhat omni-presence of (and, in turn, potential overreliance on) Tron’s founder, Justin Sun, has also spooked markets a little, compounding the just mentioned white paper concerns and adding weight to the wider market decline.

As many of our regular readers will know, we’ve been on the lookout for some of the top recovery picks in the cryptocurrency space.

And while we’ve highlighted a couple of the things that are weighing on Tron and TRX right now, this coin is one we’re flagging up as a top pick.

Why?

Well, Tron has a grand vision of solving the problems that are currently caused by a centralized internet. The company bills itself as a blockchain-based open-source global digital entertainment protocol and, for all intents and purposes, that’s what it is. But there’s more to it than that.

It’s set up as a decentralized network through which anyone can freely create content, websites, and applications, without relying on centralized services. If the company can execute on this goal (and all signs so far suggest that it can, at least from a technical perspective), it’s not going to have to achieve much by way of penetration into the sector it’s targeting to command a large presence in the tech space.

Tron has scored a range of big-name partnerships, including with Peiwo (which has more than $10 million registered users), UPLive (20 million users), Bitmain (needs no introduction) and Gifto, a blockchain based virtual gift exchange established by Asia Innovations Group.

We’ve said it about Ripple (XRP) before – the ability to score enterprise level partnerships is a really great indicator of a company’s position in the market. Any company can tell you its technology is going to be a game changer; not all companies can convince existing market incumbents that this is the case and, in turn, get said incumbents to sign off on a partnership.

Ripple has been able to do just that, as has Tron.

And it’s probably in a large way due to the above-mentioned Sun spearheading growth. Sure, a company that’s overly reliant on its founder isn’t great, but if the founder is a real growth catalyst, it’s also not a bad thing.

And Sun really is a catalyst here. He acts as a link between the global Tron community and the company’s development efforts and, in this space, an open access line to what’s going on behind the scenes, especially at a time when markets are down and sentient is weak, is invaluable.

Bottom line: the market is down and Tron is down more than most. The lower it gets, however, the deeper the discount that’s available to anyone that wants to pick up cheap coins ahead of a recovery.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.


Image courtesy of Tron.

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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 do cross-chain transaction networks work?

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cross-chain transactions

Blockchain technology was initially thought to be an all-in-one solution, where all the transactions would take place on a single chain. However, this idea was deemed impractical with time due to certain limitations and constraints arising within the system scalability area.

If blockchains are to live up to the expectations, then the blockchain technology should allow atomic transactions over various blockchains that are interconnected. A single blockchain may even be split into multiple chains that cooperate.

The concept of cross chains is understood as the ability of two operating blockchains to exchange information with each other in order to form a network to process transactions. Cross-chain transaction networks allow multiple blockchains to pass over information to one another.

The use of blockchain platforms like Bitcoin, Ethereum, and Ripple has highlighted scalability issues over time. These limitations in the present blockchain technology have hindered its full potentials and benefits. Exactly where cross-chain technology comes in to resolve such scalability constraints faced by blockchain technology.

Cross blockchain compatibility

The cross-blockchain compatibility issue arises whenever we talk about multiple blockchains. Incompatibility is because not all of the blockchains use similar protocols. Each blockchain system communicates according to its standards.

The lack of a standardized protocol of intercommunication between the blockchain networks cripples the blockchain technology’s scalability, here comes in cross-blockchain compatibility. The concept allows blockchains to communicate without any…

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