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

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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

Blogs

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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