Whenever a company is shining brightly in the business world, we want to know what’s the name behind the outstanding idea, and of course, how did they do it. That in fact, is the exact case of what we are anxious to know regarding Tron, the blockchain-based decentralized protocol that is currently a shining star on the content entertainment platforms.
The acclaimed name is no more than TRON CEO Justin Sun, a figure that is not that new in the technology landscape since it was educated by the Alibaba founder himself, Jack Ma.
Sun, has created his very own name in the field of technologies, and currently, is one of the most successful businessmen in the world, being also the CEO of the popular app for voice streaming, Peiwo.
The app has a user pool of over 10 million people around the world and plans to consolidate itself as the ruler of the market. However, is this what makes of Justin Sun a remarkable name in the cryptocurrency world? Let’s determine that together!
The lab affiliation between Tron and Ripple propitiated by Justin Sun
An interesting fact in the cryptocurrency world is the rotation to a newer encrypted coin the users do once the old one starts not satisfying them, an action that seems very natural these days.
But something even more interesting is what happens when a person related to specific crypto, decides to take on another path and creates a similar yet better product.
As a matter of fact, that’s the case of Sun and his not-so-finished relation with Ripple, a coin that seems to have inspired him in the creation of the platform that now Tron is.
Sun still serves as the Chief Representative and Advisor of Ripple’s Lab, at the time that he leads TRX, the currently robust cryptocurrency ranked number 13 in the market. The connection between both currencies results evident, as well as how now they compete for the same target.
The possibility of a TRX rising price
In the cryptocurrency environment an increasing price it is always a possibility, but that’s actually the opposite of what’s been happening lately. All of the cryptocurrencies have been falling off their prices, taking it even to worrying scenarios.
Sun, on the other hand, is very familiar with the right marketing strategies to apply, and due to that, he has leaded TRX to a substantial gain of 5.7 only in the past 24 hours.
Similarly, the decentralized entertainment platform concept that Tron suggests guarantees a solid behavior and a great user’s acceptance in the near future.
The launch of Main Net, a strategy designed by Sun
The CEO thinks a gradual network would put Tron in the place where it actually belongs, that is in fact, the reason behind the previous launch programmed for the Main Net.
This smart move will transform the platform into another based on the full node running, which will cause at the same time, seamless transactions, and custom digital assets. The result will be a higher efficiency and a similar behavior to any outstanding blockchain decentralized platform.
The potential threat that Sun’s invention represents for Facebook
Tron wants to provide the users with everything the conventional platforms cannot, for example, the users will be able to publish everything they want to without having to worry about the censorship that characterizes social media platforms like Facebook; and even better, they could even obtain gains out of this, so is definitely a platform designed thinking of the user.
Additionally, privacy will be guaranteed on the platform, a feature of which every user is thankful for, and of course, the main characteristic that puts Tron right on the track of success.
The strategy of the price that Tron (TRX) defined
Currently, the price of Tron (TRX) is under the value of 1 dollar, but this is in fact, a well-thought move designed by the CEO Justin Sun.
The strategy seems clear, while the price is accessible more people will be willing to invest in the coin, creating significant traffic around the platform. Similarly, the game plan is to engage micro-payment traders, as they don’t represent a threat to the use wallet.
Finally, with all the activity around the entertainment market, the future for this cryptocurrency platform is and will be on the rise.
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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.
Image courtesy of NASA via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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