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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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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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Bitcoin

4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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