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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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