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

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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