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China: The key to Tron’s (TRX) long-term growth

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Cryptocurrencies had been losing value just about a couple of weeks ago. Some of them even lost more than half their worth. A bit of panic had been going on. As news of Tether’s trouble with the authorities became public things became worse.

Is there an alt-coin that has been doing well in this hostile environment constantly? Yes. It’s called Tron (TRX). Even though China hasn’t popped up as the significant advocate of cryptocurrencies (they plan to create their very own, on the other side), but Tron’s usefulness probably has turned the country to add some ‘exception’ filters regarding cryptos. Tron has this connection with China, that’s probably what makes it a stable coin that could be a good bet in the long term. I’ll tell you why.

Tron’s CEO and Jack Ma

You should know by now that Jack Ma is the man behind Alibaba. He’s been known to support his former collaborators and/or former students. Here’s the kicker: Tron’s CEO, Justin Sun, is a former Jack Ma’s student and co-worker. It means that Alibaba’s power could soon support Tron’s efforts.

This piece of info is not that meaningful in terms of objective data. But if Mr. Ma decides to support Tron with all of Alibaba’s might, that could change the game for everybody. Just keep an observing eye on the market. That won’t just be about money, it will be about being viable in China. How do you beat that? Neo and Vechain seem to be also doing well under China’s government. But Tron could do just better. Keep watching.

Tron’s services are a great match for the Chinese market

Tron is not your standard cryptocurrency. They aim to become a means to decentralize web content. They believe every content creator should be in control of their own content.

Yes, the creators, not the corporations. This means that Tron’s users will not just be coin enthusiasts but content creators in the 18-35 demographic. You should keep in mind that Tron is playing the crypto game, but they are going after a different market as well (and they’re getting it). They want a free web.

China alone has 400 million users who have this profile. Which is why it’s a huge market for Tron and also why China could make Tron go all the way to the moon. In fact, if you consider the Chinese market alone, you could argue that Tron is undervalued at the present time. Which is a good reason to just go for it.

What’s good for Tron is good for China

No, we’re not exaggerating. China is one of the world’s biggest markets and Tron is intimately linked to China (and this connection will be even bigger if Mr. Jack Ma comes in support of Tron, as it’s expected). Tron’s interests are aligned with China’s.

If you do a bit of research you’ll find that China prefers to support those firms that give power to the Chinese people instead of multinationals. The crypto world has a name for that. It’s called Tron

Tron will essentially get the content market away from Apple and Google and make it independent. This is in China’s interests and it will make the Tron’s coin a reliable and stable digital asset. It will make it work in the long-term.

Tron is good for China and vice-versa. This connection alone could make Tron explode this year, and way beyond. Keep an eye on it. Buy some Tron tokens while they’re cheap.

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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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