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Tron’s TRX currency: Go for it. Lose otherwise.

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Go for Tron TRX
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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 contestEnter our contest, develop apps on our public blockchain and get the chance to be rewarded with up to $280,000”.

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.

Plans

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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