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How Tron (TRX) Will Reach $1 By The End Of 2018

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The Tron (TRX) MainNet is currently live and undergoing rigorous testing for vulnerabilities to make sure it is a secure and stable platform before the genesis block is launched on the 25th of June. However, one question has been lingering in the minds of Tron fans, HODLers and traders.

That question is, Will we see a $1 TRX value before the end of the year.
Current TRX token high supply concerns.

Tron fans and HODLers are continuously concerned about the high total supply and high circulating supply of TRX. The current total supply stands at 100 Billion TRX with the circulating supply currently at 65.748 Billion TRX. For Tron (TRX) to reach $1, the market capitalization will, in turn, be $65.748 Billion, which is $5.5 Billion higher than that of Ethereum right now.

This means that TRX will have to edge out 8 other coins and tokens to get to the number 2 spot. The other only other way TRX will reach the $1 mark, is if there is a corresponding increment of the total crypto-market capitalization back to the January levels of $832 Billion. Tron will, therefore, have a chance of hitting the $65.748 Billion market cap that corresponds to a $1 TRX value.

Will the proposed transactional coin-burn be enough?

Using the current set up of transactions on the MainNet, users will be able to initiate up to 25 free transactions per day. A coin-burn of 0.1 TRX will be required for the creation of each account on a DApp on the platform. Transfers will cost you 0.001 TRX. Therefore to burn 1 TRX, you will need either 10 new accounts on a DApp or 1,000 transfers. Considering that there are over 100 Million users on the current Tron Platform and more destined to use it with time, the coin-burn will be able to reduce the amount of TRX in circulation with time.

A reduction in supply will mean that the value of TRX will gradually increase due to ‘gradual scarcity’. Think of it as destroying a pair of limited edition Air Jordans every month. The manufacturer only made 100. The price of the remaining ones is sure to go up with each destruction.

So what will it take to get to a $1 TRX value?

As outlined above, the solution lies in the two possibilities of TRX rising like a phoenix in the next 6 or 7 months with respect to its market performance. This rise will be due to the performance of the MainNet as well as a general increase in volume in the total crypto-market capitalization.

Another thing to note is the coin-burn that will help reduce the number of TRX coins in circulation with time.

Therefore, it is indeed possible to reach the much anticipate $1 value by the end of the year.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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