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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

3 Coins Coinbase Will Adopt Next

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Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.

Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.

Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.

3. EOS

EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…

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Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

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Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

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Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  XLM…

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