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

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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