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

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Tron TRX
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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)!

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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 Cocoparisienne via Pixabay

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

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

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Aluna.Social
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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,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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