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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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