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Here Is Why Tron (TRX) Won’t Be This Cheap Much Longer

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Tron
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The word on the crypto-verse is that the Tron (TRX) token migration is going along smoothly with some exchanges already releasing the new coins to HODLers. Some owners have even staked their coins for the Super Representative elections. It is these activities that have been responsible for the price stagnation of the coin. I believe it is time we started referring to TRX as a coin for it is on its own blockchain.

With the two reasons why TRX is going through a price stagnation, we find that the coin is currently valued at the relatively cheap price of $0.04 and up 7.75%. This figure is bound to increase in value as I shall elaborate below.

To begin with, the Tron Foundation recently confirmed the lockup of 33.25 Billion TRX in 1,000 accounts on the Tron MainNet. This move is similar to how the Ripple team locked up 55 Billion XRP in Escrow to guarantee that the supply of the coin would not suddenly increase by the company’s action of suddenly liquidating the coins it owned. This is so similar to what the Tron Foundation has just done. This means that once investors notice this, the price of TRX will most likely skyrocket like XRP did back in December when it locked up the coins in Escrow.

Secondly, Coinbase recently launched a new product for its institutional investors. This new product goes by the name of CoinBase Custody. What this service does, is provide a secure storage service for the digital assets of high net individuals as well as institutional investors. This means that Coinbase has solved the issue of crypto security for these individuals and firms who will in turn bring int the Billions, or even Trillions, of dollars into the crypto markets. Knowing how many investors think like Warren Buffett, they love a cheap buy. TRX is cheap right now. (Buffett vows not to touch crypto, but he might warm up to the thought when he sees ‘the fireworks display’ that is coming.)

A third reason why TRX will not be this cheap much longer, is that the MainNet has been working flawlessly since it went live with the Genesis block on the 25th of June. This means that all the ICOs that are coming up in the second half of 2018, will have a new option on the table. Knowing how ICO founders think, they love a new blockchain platform they can use to promote their ICO on. They go with the tide of what blockchain platform is hot.

2017 was the year for Ethereum. This year will be a tug of war between Tron, EOS, VEN and Zilliqa. May the best blockchain project with the best marketing strategy to succeed in wooing the best ICO projects. However, Tron seems to be ahead of the curve with this regard. Even Pornhub loves 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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