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Here’s Why TRON (TRX) Is Only Just Getting Started

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As the cryptocurrency market continues to gain strength and recover from the slight dip we saw at the end of December, many of the major coins are giving way to an increased amount of interest in alternative, small market capitalization cryptocurrencies. Inevitably, this increased interest in coins that fall further down the pecking order from a market capitalization perspective is translating into some upside momentum in tokens that, just last month, would’ve been considered very much off the radar from a mainstream market standpoint.

TRON Daily Chart

TRON Daily Chart

This isn’t to say that the upside in the coins in question isn’t justified, just that they need to be in the spotlight in order to gain strength and, finally, the spotlight is now on them.

One such coin is TRON (TRX).

This one is an interesting one.

At the start of December, TRX was trading for $0.002 a share. At its most recent close, the coin went for $0.16 – a close to 8000% increase in a little over four weeks. To put this in perspective, bitcoin (BTC) gained around 1500% during the whole of 2017.

24-hour volume for TRX hit $2.8 billion this week and the total market capitalization sits at just shy of $11 billion, which is, again, up dramatically from the $150 million market capitalization recorded on December 1.

So what’s driving the action and what’s next?

That’s the golden question, of course, and it’s one that we are going to try and answer below.

So, what’s TRON?

Here’s the blurb: TRON is a world-leading blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.

That seems pretty vague but the system and the technology behind it isn’t overly complicated. It’s basically a digital content ledger that allows for the free transfer and storage of secure, time-stamped digital content, and the TRX cryptocoin is the token associated with fees etc. on the blockchain.

And why is it running up now?

Well, aside from the fact that the entire cryptocurrency space (weighted towards the altcoin space) is getting a lot of attention at the moment, as outlined above, TRON has picked up quite a few fundamental developments over the past couple of weeks and is pitching to release further advancement news near term.

The company is developing a decentralized messaging app which, in the wake of the recent situation in Iran, has a very firm use case in place as and when it hits the shelves. Further, at the end of December last year, the former data mining chief at AliBaba, Zhao Hong (Marcus) Joined TRON. That’s validation of the company’s positioning in this space.

And that’s not all. Reports of NASDAQ listed companies with more than 100 million users wanting to partnership with TRON are circulating (and are rooted in official company Tweets) ahead of the main-net release, which is slated for this quarter.

There is also a strategic partnership in place with Game.com, again, serving to validate the company’s authority in its target niche.

The bottom line here is relatively simple.

Many of the smaller cryptocurrencies are running up on nothing more than increased speculative attention. In contrast, TRON is running, yes, and to a degree, it’s based on increased speculative attention, but, at the same time, there are solid fundamental developments in place to support the gains. This means that when the wider market corrects, TRON will likely just consolidate and, in turn, push higher as the year matures.

Throughout 2018, then, our thesis on TRON is very much a bullish one.

Let’s see how things play out.

We will be updating our subscribers as soon as we know more. For the latest on TRON, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Tron.

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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