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Here Is Why A Market Decline Does Not Worry Tron (TRX) and Its HODLers

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The Tron (TRX) Independence day is within reach. We have less than a week to go before the Genesis Block is launched. This event will mark the migration from Ethereum’s platform to Tron’s MainNet that is known as Odyssey v.2.0.

One of the topics of concern amongst the TRON community is that the recent market decline has caused the value of TRX to plummet in a period when it should be soaring like an eagle that is inching closer to the sky. Current market analysis indicates that TRX is holding strong in the number 10 position according to coinmarketcap.com. TRX is currently valued at $0.0422 and down 2.26% in the last 24 hours.

Further analysis indicates that TRX was valued at $0.067 right before the MainNet launch. This means it has dropped 37% in value since then, due to the market effects of the Coinrail hack and the investigations by the CFTC (The United States Commodity Futures Trading Commission) on 4 prominent cryptocurrency exchanges.

But the current decline does not bother the Tron Foundation, TRX believers, and HODLers.

To begin with, the TRON Independence Day ushers in a new era of blockchain technology and projects. The Tron MainNet is bound to make a name for itself as the platform of choice of the numerous Decentralized Application developers who value scalability and a developer-friendly platform. The Tron MainNet is built on the Java programming language that is more popular with software developers than the custom Solidity programming language on Ethereum’s platform.

In addition, the Tron MainNet is sure to be a solid platform based on the current testing being undertaken by the TRON team as well as individuals and organizations hoping to cash in on the $10 Million bug bounty program. The incentive here is the financial reward geared towards finding a vulnerability on the platform. This means by the time testing is done on the 24th, all possible vulnerabilities would have been found as developers work around the clock to cash in on the possible reward.

Also, the current value of TRX is ideal for TRON believers to buy some more TRX before the token becomes a utility coin on the MainNet. The current values of TRX are not going to last for too long. As soon as DApps migrate to the MainNet and other features are activated, TRX will slowly but surely reach the stratosphere in terms of value.

In quick summary, the TRON project might have found a silver lining with the current market decline for more emphasis will be placed on releasing a solid product in the form of the MainNet platform, rather than the token’s performance in the crypto markets. During a regular market of the usual excitement, a project is bound to shift attention to market performance rather than product development. It is with this theory that the time is nigh for TRX believers to cheer on their favorite project as the team works on the MainNet. Those with extra capital might as well accumulate some more TRX.

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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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Blogs

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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