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Could Tron (TRX) maintain bull run all the way to its independence day?

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Tron TRX

Tron (TRX) has managed to be in the spotlight for a few months now, and this is something that is mainly attributed to the well-deployed strategies that the company has been executing to become a fully independent cryptocurrency. Just a few days away from finally making this a reality, the token has started a consistent climbing in the market that has made a lot of their holders feel thrilled. However, the question that remains is whether or not the Tron (TRX) will be able to maintain this kind of performance before their milestones are completed.

Tron’s independence journey started in the first quarter of the year with the launch of the TestNet on March 31st, an event that was supposed to be followed by the MainNet launch on the early days of July, but that was moved earlier to May 31st because of strategic decisions of the company CEO, Justin Sun. Ever since that date, the token has been working endlessly on their migration which is finally around the corner (it started yesterday and going to last until 24th of this month), and as the day comes closer, everything seems to look brighter for the coin.

As a matter of fact, the TRX token has been trading in the green for a couple of days now, and this is something that has a large part of the community feeling lucky. Would it be possible for the token to continue its climbing while its independence and Super Representative Elections occur? Let’s see find out.

Tron (TRX) behavior in the market

We are only three days from one of the most awaited events in the cryptosphere, the independence of Tron, and as if it wasn’t enough, just two days later (on 26th) the company will have its Super Representative Elections, a celebration in which an autonomous community will be selected for the TRX token.

It all seems like Tron is going through its best times as of now, but as the days pass by what the enthusiasts are more eager to know is how likely the coin is to continue such performance.

At the moment of writing, Tron (TRX) is valued at $0.04768 per coin, and it has increased in value by 5.13% in the last seven days according to Coinmarketcap. In this sense, it results evident that not just a day or two, the last seven days have been very positive for the token. In fact, only three days ago the crypto had a momentum of 21% in a period of 22 hours.

Justin Sun, CEO of the company, has been a crucial piece during the whole migration process, and only 48 hours away from this moment, the businessman published a message that has the power to continue with the positive sentiment. On his Twitter account, he wrote a note announcing that the coin was: “Back to No.9”, a fact that responds to the token replacing IOTA in the charts of Coinmarketcap.

Although it may be a momentaneous thing, we have solid reasons to believe the coin may not only keep the number 9th position but also, it could continue advancing towards achieving its goal of being a top 6 crypto.

Tron (TRX) has everything set to compete with the strongest cryptos of the market, so beware, a new era is coming soon for Sun’s cryptocurrency. Stay tuned!

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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.

Image courtesy of David Ohmer via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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