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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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