Connect with us

Blogs

The foundations for Tron (TRX) to hit $1 mark are already set

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

Tron (TRX) has been having a hard time over the course of the last weeks. The coin appears to be going down the hill with a decreasing behavior that has lead the value of the token to the current price of $0.04239. In general terms, currently, the panorama for cryptocurrencies is not good at all, in fact, Bitcoin has not managed either to resist the drops in the market and this as a consequence has affected several coins that somehow relate to the token for exchange purposes.

In this sense, Tron (TRX) is one of those altcoins that because of being related to Bitcoin has suffered in a more significant measure – the consequences of the fluctuations of the leader of the sector. However, it is to be noted that even when the circumstances are not the best, the TRX token has managed to stay afloat with an average value of between $0.04 and $0.035, which if interpreted correctly, shows how resilient the coin actually is.

In spite of this, the current position of a great part of the community is falling into despair, which is actually not that crazy after seeing how the crypto has been performing in the last couple of days. However, there are multiple reasons to believe the coin will skyrocket during this year, even being able to reach the mark of the 1 dollar. Let’s see what the main reasons behind this potential growth of Tron are.

BitTorrent purchase

The CEO of Tron, Justin Sun, is characterized as being one of the brightest minds in Asia and the whole world. Sun seems to be calculating the moves very well that are to be made to launch the token to another level, and this time, the businessman has decided to personally acquire BitTorrent, a leading enterprise of the torrent sector. Although the acquisition was made under personal terms, it is not hard to see the intentions of the CEO to integrate this with the Tron’s platform later, a goal that is even mentioned on the token’s whitepaper now.

Furthermore, to make it even more exciting news, the time of acquisition is definitely right, as Rainberry Inc, the company behind BitTorrent, acquired a patent for peer-to-peer live streaming just before passing to be Sun’s property. As it can be expected, this results in amazing possibilities for the TRX token, that after a very likely integration of BitTorrent to the Tron’s platform may get a huge boost.

This way, we could be seeing a 1 dollar mark set on Tron (TRX) over the course of this year, and this is something that may be supported by the fact that the coin is now unlinking from BTC with USD purchase options being more available in the market chronologically.

In fact, Binance recently added the TRX/USDT pair to its listings, and even when the results have not been immediate, this is expected to contribute with the skyrocket of the token value later this year.

Conclusion

Inevitably, as like other cryptocurrencies, the TRX token is going through a rough time as of now. However, all the foundations for a remarkable upturn are set out there, and as it seems the coin may surpass the $1 mark any soon. So the recommendation is to remain calm, better days are surely coming for Tron (TRX)!

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 Cocoparisienne via Pixabay

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite