Connect with us

Blogs

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

Published

on

Go for Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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 Douglas Earl via Flickr

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