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Why IOTA is a Project that is Going to Last

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IOTA
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For a lot of people, IOTA (MIOTA) is an exceptional cryptocurrency, one that deserves a lot more attention than what it is getting. It is definitely a project made to last, with a heavy focus on connecting the space and being the bridge between different technologies.

Another thing that makes IOTA unique and special is the fact that it belongs to a handful of cryptos that are not based on blockchain technology in a usual sense. Instead, it uses a technology called “Tangle” in order to operate. This technology has numerous potential use cases, with experts believing that it can transform countless industries.

Even so, there are many that are still not impressed with IOTA due to the fact that its coin has not performed as well. The opinion of the project usually goes one of two ways — investors are either skeptical and unsure whether they should get involved or are thrilled with IOTA, claiming that it is the most promising project in the crypto space.

When it comes to opinions of IOTA outside of the crypto space, they are mostly quite positive. IOTA managed to enter partnerships in numerous industries, with the biggest ones being with carmakers, the insurance industry, the IoT space, and manufacturing industry. While its coin failed to grow even after these partnerships, many believe that it will happen as soon as the market is ready to allow it.

How IOTA connects other technologies

DLT and IOTA’s Tangle have a lot of similarities, but there are also some aspects where Tangle is clearly superior. One of them includes security, which IOTA managed to ensure due to the fact that it is “blockless”. Its technology was developed as a solution to numerous flaws observed in blockchain technology. Through its evolution, IOTA became a perfect way for connecting different technologies and providing a method for machine-to-machine communication.

As a result, it can connect IoT devices into a single large network, one that would provide better security and make communication easier. The same thing can be done with cars, especially now when self-driving and highly-digitized cars are slowly becoming a new norm. By connecting them all with IOTA technology, these vehicles will be able to receive new upgrades without ever having to line up for manual upgrade.

Each connected device or piece of technology can serve as a validator of transactions, which also solves the issue of micro-transactions that other blockchains are struggling with to this day. Due to such levels of connectivity, IOTA is also perfect for things like tracking shipments, logistics, fintech, and likely even smart homes.

IOTA is still developing rapidly, and its story is only beginning. It has the potential to become one of the largest projects in a few years, and definitely one with the largest real-world use cases. The current behavior of its coin is of small consequence considering the use cases of this technology. And, as the two are tied together, they will likely share the same fate, and the coin will skyrocket as well, in time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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altcoins
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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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