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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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