Connect with us

Blogs

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

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

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!

For the latest cryptocurrency news, join our Telegram!

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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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.

Mission Statement

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

eToro