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
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
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