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.
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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3 Coins Coinbase Will Adopt Next
Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.
Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.
Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.
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What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.
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What does Bitcoin need in order to have another bull run?
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The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.
The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:
“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.
By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”
Just $25 value of XLM each
To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore, there will be a first- come and the first-served clause in this airdrop which says:
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