Tron went over the $0.10 barrier last week and could not sustain it. That is not going to be a problem. Tron has been successful enough that it will go beyond the $0.10, sooner or later. Just according to today’s charts it’s grown by 5.69% over the last 24 hours, and today it’s at $0.085 while it was trading low yesterday (following the market trend that was till yesterday, all is turning green again). Tron’s coin is showing strength and resilience so it will take on the market’s fluctuations. It’s even getting near the 1 billion USD trading limit.
If things keep going as they do right now, you really should not bet against TRX. Tron’s value will go up for sure; this is why:
Tron will launch its Main Net platform shortly. This has been understood since last March 31st. On top of that, Tron announced (and delivered) an Ethereum airdrop worth of 30 million for its community to show gratitude for their continued support.
Tron also launched the TRON-loan initiative so that developers use the Tron ecosystem and platform for developing Tron apps for finance payments, gaming, currencies, IoT, social media, energy management, and communications. Tron’s scope is so broad that it can only be better and bigger, and it will go into Ethereum’s league sooner than you can imagine.
The foundation behind Tron has also started a contest that could be compared to Tronloan. But it could work better as it offers a whopping $280,000 for the winners. The Tron foundation had this to say to have people join the contest “Enter our contest, develop apps on our public blockchain and get the chance to be rewarded with up to $280,000”.
— TRON Foundation (@Tronfoundation) May 4, 2018
As a developer, you don’t get that many chances to do well in the crypto industry (or any other, for that matter). Tron is being aggressive because it can afford to be. It is excellent news for investors: if you get in early and stay in for long enough, you will win for sure.
Additional Exchanges for TRX
Last April saw the TRX coin added into Bitfinex and Bittrex, two of the most-crowded trading sites. That makes TRX more accessible, available and valuable. Bittrex brings TRX to an enormous investor and enthusiast base. People are buying it, especially now that the Main Net release is about to happen.
It’s been rumored that Tron’s TRX could become the latest digital coin to be included in the US-based exchange, Coinbase. While this could be either true or false, the project’s success is keeping it growing and increasing its value. There is increased demand for the TRX as people learn the advantages it has over other alt-coins.
Tron’s been planning to migrate from Ethereum, and it’s done it very well. Just last April, Tron’s team declared that they would elect super representatives next June as the coin’s migration from the Ether blockchain is completed.
In their roadmap, Tron will be launching TVM (that’s how they have chosen to call their own Tron virtual machine) prior to the release of their Main Net. TVM goes live coming May 25th (this month), the Main Net will be released on May 31st, and then, on June 21st, the migration of token will happen.
June 26 will be the day in which Tron will organize elections to choose 27 ‘super representatives’. These developments will bring them even more attention and value. By then TRX could already be as high as $0.2.
Let’s get some perspective. TRX was on the list of three best coins for performance during the last April. It was at 0.03 USD on 5 April, and it’s now looking to reach $0.09. That’s 200% increase in value over a single month.
Only EOS has done better in last month, but EOS has been facing some skepticism about its authenticity lately. Tron’s TRX apparently not be the coin that performs best right now but enthusiasts and people in the know understand that TRX is the real thing. They have no doubts, they’re going for it.
Tron holds an amazing potential, it could dominate the cryptocurrency market, and it’s not using its potential as much as it could.
But it is still performing, and the market fluctuations have not given it any dent at all.
One more thing: Tron’s founder is Justin Sun, who is Jack Ma’s protegé (yes, that Jack Ma, the man behind Alibaba). Tron has not needed Mr. Ma’s help so far, but they could get it if it comes to that, and of course, there is a robust Tron TRX China connection, anyway. Look at Tron’s performance and connections. This is a cryptocurrency you need to keep watching.
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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 Douglas Earl via Flickr
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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