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

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Tron
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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