Do not sell your Bitcoin or Tron anytime soon! Here is why - Global Coin Report
Connect with us

Bitcoin

Do not sell your Bitcoin or Tron anytime soon! Here is why

Published

on

Bitcoin Tron

Over the past few months, the market has been bearish, and cryptos have been red. Bitcoin has been at low but lately; it has risen above the $6,500 resistance level. On the other hand, despite the increase in the value of Bitcoin, other altcoins such as Tron (TRX) haven’t really surged like Bitcoin, due to the fact that most investors are beginning to take profits as a result of the bullish outlook in the market.

Right now, Tron is busy partnering with big companies, and most crypto exchanges have resumed the withdrawal and deposit of Tron (TRX). We are at the start of a giant crypto bull run, but it is difficult to say what will happen in the future for both Tron (TRX) and Bitcoin (BTC). However, there still are reasons to hold on to Tron and Bitcoin and not sell them anytime soon, because things are beginning to take a bullish outlook. Let me explain why.

Why you should have faith that Tron and Bitcoin will fly high before the year closes

We do know that the Q2 of 2018 has been tough, not just for Tron or Bitcoin alone, but other cryptocurrencies too. The recovery of Bitcoin at the beginning of July has changed everything in the crypto market, and at the moment, the buying volume is currently on a high side, and things are beginning to look good (very good).

It is also important to know that the bears have been pushed aside and the TRX is gaining its value gradually. Additionally, Tron has proved it is one of the most promising digital coins in the crypto sphere, and soon, it will become one of the top cryptos once the bullish sentiment entirely takes over.

Mastercard’s patent to link cryptos with fiat accounts – A new turn around for cryptocurrencies like Tron and Bitcoin

Banks don’t want to sit down there and just watch the world advancing with new technologies; instead, they want to be part of it too. Mastercard has just been given a patent that it has the right to manage fractional reserves of blockchain currency.

Indeed, MasterCard’s patent is a U-turn for the crypto sphere, and it also implies that we will be using our cryptos credit to buy goods very soon. This will also enable a user to have two linked accounts in a bank – one for fiat, and the other for the cryptocurrency. Cryptocurrencies, which are the bank’s coin will be featured on Mastercard’s patent – Tron and Bitcoin will undoubtedly get featured.

Tron’s improved presence and demand

The increased presence and demand for TRX is a big reason why you should hold on to Tron. It is essential to know, right now, TRX is one of the most traded cryptocurrencies in the crypto market with trading average volumes of about $190 million every day.

Final words

Tron is the 11th largest cryptocurrency by market cap, and it is priced at $0.034; while Bitcoin still holds the top position and priced at $7,730 at the time of writing. Both cryptos, Tron (TRX) and Bitcoin) have massive potential to go to the moon soon now (maybe even beyond that, mars?), and are wearing green – do not be surprised if Bitcoin surges further to about $8000 this week.

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 Maxpixel.net

Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

Published

on

AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

Continue Reading

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Bitcoin

The Pros And Cons Of Cryptocurrency

Published

on

cryptocurrency

Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

Continue Reading

Press Release