Feng Li is one of the crypto-coin world main players and investors. He played a crucial role in funding Ripple‘s start in 2013 (and has a seat on the board of directors) by investing $32.9 million. But even before that, he was the very first investor to put money into Coinbase.
Now, according to recent rumors going on Reddit and Twitter, it could be the case that Mr. Li also is involved with Tron.
While this has not been confirmed at all yet, the mere possibility, given Mr. Li’s connections and experience in the alt-coin environment would make Tron’s credibility surge as it could get listed on Coinbase.
One among many Tron investors thrilled by the idea is Reddit user with the username Mlrtist, who wrote:
Twitter users are excited as well about the prospect:
#Rumor is that coinbase can list #TRX It should be noted that one of Tron’s key investors is Feng Li. Why is this important? Well.. in 2011, as a partner with venture capital firm IDG, Li became the very first investor in Coinbase with $100,000 in seed funding.
— Virtual Crypto Traders (@VCTAdmin) April 5, 2018
The Coinbase Element
Coinbase is a digital currency exchange based in San Francisco, California. It boasts over thirteen million users. It trades all the big digital currencies in the market, and it’s earned a reputation for being the factor that can either make or break an alt-coin.
Litecon, for instance, went up by 57% just five days after Coinbase adopted it on May 3rd last year. It was even more spectacular for Bitcoin Cash, which surged by 300% in a single day. That’s exactly what Coinbase could do for Tron’s performance if it decides to include it which is why Mr. Feng Li’s ties to Tron (if they turn out to be real) could put it right there, playing with the big boys.
Tron is about to leave the Ethereum network by releasing their own TRX proprietary technology called Main Net. This is scheduled to happen by this month’s end. This event has been rising expectations and increasing the rumors for inclusion in Coinbase as Tron TRX becomes an autonomous currency.
Is there any actual evidence?
Well, not really. At least not right now. Mr. Li’s name is not listed anymore on the Tron website, and there is no information on the amount of money he came up with for Tron. Only his picture is still around, and it is on an address that’s linked to Tron.
Mr. Li’s information on social media sites like Linkedin or Crunchbase is also silent on the subject. But this lack of information only fuels further expectations and makes the rumor even more tantalizing.
Let’s be clear on something. This could all be hearsay in the end. But you should pay attention to the buzz because, if it’s true, it would surely make Tron one of the most successful coins available.
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 Simmonite via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
How Online Casinos Can Adapt to the Growth of Cryptocurrency
Reasons Why 2019 May Be A Great Year For Crypto
Altcoins2 weeks ago
TRON (TRX) Expectations for 2019
Blogs2 weeks ago
Will 2019 be the Year of XRP?
Bitcoin2 weeks ago
What Will Happen First: BTC 2k or 5k?
Don't Miss1 week ago
Wirex adds WAVES to its Platform
Bitcoin1 week ago
Bitcoin Grows Beyond $4,000
Blogs3 days ago
3 Cryptos To Blow Up In The Next Bull Run
Altcoins1 week ago
TRX vs ADA: TRX Overtook ADA for 8th Place
Altcoins1 week ago
TRON (TRX) Surges by 20%