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Here Is How Tron (TRX) Will Rally Like Ripple (XRP) Did in 2017

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Tron
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The token (or should we say coin) of Tron (TRX) is currently valued at $0.038 at the moment of writing this. Looking at the price chart of Ripple (XRP) in 2017 before it exploded in value in December and later in January 2018, we find that the current level of TRX was the level of XRP in late April 28th, 2017. On this date, XRP was valued at $0.040 as seen in the price chart below.

XRP value in late April 2017. Source, coinmarketcap.com

What then proceeded, was that XRP was valued at $3.82 by January 4th. This is a time period of a little over 8 months. The reasons for the propulsion of XRP to new levels was mostly attributed to the Holiday season in December as well as more media coverage of the coin. This coverage reached its peak when XRP was rumored to be added to Coinbase in January.

So how will TRX follow in the footsteps of XRP?

Firstly, there is a working product in the form of the MainNet. Token migration is slowly but surely commencing with Binance and Game.io offering permanent token migration till the last TRX is converted to the MainNet. There is also the additional exchange of Bitmex that will start offering TRX Futures contracts.

Secondly, and as noted in the first observation, the current value of TRX is similar to that of XRP back in mid last year. We are soon to reach the Holiday season in less than 5 months as Thanksgiving is in November. This means once again, the talk about cryptocurrency will most likely be rife around this time as was the case last year. This will also be because the crypto-markets have also predicted to bounce back anytime from now with Tron expected to lead the pack with the recent announcement by Pornhub to start accepting TRX.

Thirdly, there has been talk of institutional investors buying into cryptocurrency once Bitcoin bottoms out at around $5,800. In the last two weeks, Bitcoin has touched these levels twice. This means that it is highly possible that BTC has bottomed out completely and it is time for another price rally.

That said, it is hard to forget the Tron community of over 1.2 Million HODLers who love the project dearly. This means that whenever a new DApp is launched on the MainNet, they will surely go ahead and try it out. Currently, there are 100 Million users being migrated from the DApps in the old Ethereum platform to the new Tron Mainnet. There are a large number of users who will utilize TRX for their daily activities.

In conclusion, the future looks bright for TRX. The uncanny similarity of its price chart to that of XRP makes it probable for there to be a price rally as we head into the third quarter of 2018. What then might happen, is that TRX will claim a spot in the top 5 coins.

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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.

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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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