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How much Tron (TRX) do you need to become a millionaire?

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Investing in early-birds is seen as a great way to become a millionaire, but investing into cryptocurrency is an aspect that involves a significant risk – still, there is a high possibility of becoming rich to buy that dream Lambo and house with it. Investing in digital assets such as Tron (TRX) is an excellent step to become a millionaire, and there is a high possibility of growing rich with Tron.

The question is, how much Tron you need to become a millionaire? Well, there is no straight answer to that question since there are lots of factors that make up for the answer.

First of all, you need to know the potential of Tron (TRX) surging higher than it would in the next 5 to 10 years. What will be the future price of Tron? Will its price be of a great value than it is now? What will be the law regulations? These are some of the questions you will also need to ponder upon.

To know how much Tron (TRX) you need to get rich, first of all, you need to know how much Tron is worth to you. It also entails having faith in the long-term value prospects of Tron to grow, develop, and remain competitive in the crypto market in the next few years to come.

You need to ask yourself if you are comfortable investing a good amount in a crypto like Tron, which has the possibility of growing higher in the near future as a result of its volatility – although this might depend on your perspective. If you are an individual that would love to hold a significant amount of Tron (TRX), then, that might depend on your circumstance. However, you may decide to place 5 to 10% of your net worth on Tron – it all depends.

After figuring out that you would love to invest a significant amount and you are comfortable investing it; having faith that the cryptocurrency will soon reach the $5 price mark, then, you need to get about 200,000 Tron (TRX) to attain the $1 million mark.

When investing in a volatile cryptocurrency like Tron (TRX), you can invest a small portion of your salary on a weekly basis. The reason for this is probably to play safe so as to prepare for the worst. When investing, you can either hold or swing trade. In swing trading, you can take out profits and invest a small portion of it using technical analysis.

Not just Tron (TRX), the whole crypto market is very volatile and unpredictable. So, it is necessary that you do your own research before investing in the crypto market. It is also vital that as an investor, you shouldn’t let other news outweigh your very own judgments – don’t forget doing your technical analysis, too.

If you would love to hold, it is necessary that you do so when you are comfortable holding for a long-term period; sometimes, you may have to hold longer than expected. Finally, it is also essential to keep at heart that there are lots of risks when investing in any cryptocurrency, not just Tron. Play safe, be patient, you more likely will be on the winning side at the end.

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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

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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