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 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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