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
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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