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Why Tron (TRX) price still stagnates after several weeks of good news?

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Tron just celebrated its first birthday (as well as Justin Sun‘s). It’s been a momentous year for the project and the last six weeks have been even more spectacular with lots of completed milestones. Tron became independent from Ethereum by releasing its new Main Net, which was a success in full.

All the available reviews for the new network say that the features, speed, and scalability are as good as expected. Then the old ECR-20 Tronix tokens became independent too. After those events, Tron bought BitTorrent and released its new virtual machine. 

Rumors are still in the air about a possible partnership between Tron (TRX) and Alibaba, and there’s even a new rumor about Twitter after some officials from the microblogging site were known to visit Tron’s offices to talk with Mr. Justin Sun.

Finally, the “secret” project was announced among a lot of anticipation. It’s called Project Atlas, and it’s a way to integrate BitTorrent with the Tron network. The idea is to use the Tron network to improve BitTorrent’s performance and to find new news to incentivize BitTorrent seeders so that they seed their files for longer times thus enhancing the network’s usefulness.

So it’s all been great news and even hype for Tron, yet the digital asset associated with the project (TRX) is still not performing as the price has remained stagnant. Why?

There are several reasons for the coin’s current behavior according to different neutral observers and other members of the crypto community, let’s review them.

It’s imperative to realize that there’s nothing really wrong with Tron’s current performance in the market. While it’s certainly not rising quickly in price, it is increasing indeed, and the thing to keep in mind is that the whole year has been bearish for the almost all cryptocurrencies. So slow as the growth is, the fact remains that most coins are not growing even slowly but losing ground.

Another piece of the puzzle is, just, that Tron (TRX) is still a very young project. It’s been around for a year only, and the new Main Net is not even two months old.

There is no doubt that the Main Net is every bit as good as Mr. Justin Sun promised it would be, but it’s going to take some time for developers to create enough decentralized apps using the Tron network so that those apps bring new Tron users around, thus creating demand for the token. 

Another consequence of Tron’s youth is that it’s still not very widely adopted as a cryptocurrency. This is crucial. Adoption means usefulness, the more users any cryptocurrency has in real life, the more problems a coin can help to solve, the more demand there is for it, and it’s that demand that can bring prices up.

The adoption process needs a lot of work and takes a lot of time, even Bitcoin, king of all tokens, has had a tough time to achieve partnerships that help it find its way to new users. The good news in this regard is that Tron community members are acutely aware of this, so they are working hard to find new uses for the token, and, they are using it themselves as well.

However slowly Tron’s currency’s price (and demand) is growing, the project remains among the most ambitious, relevant and reliable in the cryptosphere. It has a community with very engaged and capable people, and the leadership has delivered on its promises every time. The challenges as mentioned earlier that have to do with time will also disappear because of time.

Too many observers are scratching their heads over TRX’s current performance, but the Tron project is still viable. New apps, new users, the integration with BitTorrent, wider adoption will thrust Tron forward in the long-term. If you are holding any TRX currently, the wisest move would be to keep it, not to sell out of fear or impatience.

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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.

Image courtesy of Maxpixel.net

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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