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

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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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Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch

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The creator and CEO of a cryptocurrency/decentralised project TRON, Justin Sun, has finally managed to meet with Warren Buffett over a charity lunch. The billionaire and chairman of Berkshire Hathaway has been in constant negotiations with Sun over a possible lunch but the two executives were constantly busy, which has resulted in numerous postponements.

According to Cointelegraph, the two of them decided to meet on January 23 in Nebraska. They were attending a private country club there, but it seems that they weren’t the only ones who made it to the gathering. Some of the other guests who joined Sun and Buffett were Charlie Lee, the founder of Litecoin Foundation, Chris Lee, the CFO of Huobi, Helen Hai, the head of Binance Charity Foundation, and Yoni Assia, the CEO of eToro. 

Sun was rather excited about the event, claiming that it was ‘really an honor’ to meet Warren Buffett in person. Moreover, Sun stated that he was grateful for Buffett’s vision, wisdom, and dinner. Finally, he said he would always remember pieces of advice Buffett provided him with when it comes to making a better ecosystem for Tron and doing business with partners in the world of blockchain.

Why Was This Luncheon Organised in the First Place?

Those who are not from the crypto…

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Should You Invest in TRON in 2020?

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Although the idea of using cryptocurrencies and incorporating them into the modern world is not that new anymore, some people still don’t have a clue about the many options cryptocurrencies offer. The majority of people probably know about Bitcoin, but there are many other cryptos that have evolved in recent years. One of them is TRON, founded in 2017 by Justin Sun, who managed to make it quite famous in one year’s time.

If you are only getting started with Tron, you probably don’t know much about this promising cryptocurrency. That’s why we have done some digging for you and found all the predictions for TRON in 2020. 

In this text, we will list all the facts brought up by cryptocurrency experts, so that you can see for yourself if TRON is something you would like to invest in.

Advantages

Let’s start with the positive aspects of TRON. There are several good things that indicate how successful this cryptocurrency could be in the future, as well as how much its users could benefit from it.

Great Team

As mentioned before, TRON was founded by Justin Sun, one of the most talented young people who got listed in the Forbes ‘30 Under 30’ section. Continue Reading

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5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

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It is considered that the best place to buy cryptocurrencies exchanges. But this is a mistake. Let’s think about why we don’t buy fiat currencies on stock and currency exchanges or on the interbank market. Because it takes a lot of time, you need to have quite large amounts, and trading licenses are also a problem.

The situation is similar in the cryptocurrency market. Exchanges require a lengthy KYC verification process. the process of withdrawing funds through a merchant can take up to 5 banking days. It should also be remembered that before withdrawing funds, you must conduct trading operations. 

What are the advantages of the brokerage service 365Cash.co?

You don’t need to go through a lengthy KYC verification process. This is a crucial aspect for those who worry about their anonymity. 

Low limits and fast execution of the exchange order. If you need a small amount quickly – 365Cash.co is the best choice.

The ability to use payment systems like Perfect Money, Payeer, AdvCash to buy cryptocurrencies at the market rate. Exchanges do not provide this opportunity.

Low commission. We do not charge customers a fixed fee for the exchange. We work at the market rate and are completely dependent on the spread.

Quick…

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