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The Tron (TRX) bull is on the way, and it’s going to be massive

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Tron TRX

The Tron blockchain project has been gathering lots of great news and hype for several weeks now, yet the Tronix price has either gone down or remained stagnant. Is this what we should keep expecting from TRX? Not at all.

There’s much speculation going around about why Tronix has not taken off despite all the successes Tron has had recently, but the reason is quite simple and straightforward. The whole market is stuck because of a bearish run that started last January and has not gone away so far. It affects Bitcoin which, in turn, prevents Tronix to perform.

This happens because most of the Tronix transactions in the world are done through Bitcoin, so Tron’s coin is still very dependant on how Bitcoin does. If you care to do a little research, try and compare Bitcoin’s performance chart with Tronix’s. You’ll notice that both charts feature the same basic shape and the only difference between both is the scale.

The Tron project is very ambitious, unique and it has a very involved community, but as long as Bitcoin’s performance keeps holding it back, there’s not much to do but to wait. This won’t be last forever.

Tron has access to a hundred million users currently and as new apps are developed, and released, and the users start buying and trading the coin the demand for TRX will uncouple itself from Bitcoin’s performance, and it will become independent regarding market trends.

There’s every reason to believe that Tron will shine soon. The Main Net launch was a success as was the Virtual Machine launch. Then the Tron Foundation bought BitTorrent and announced Project Atlas which will be a merge between the Tron network and BitTorrent which is expected to increase BitTorrent’s performance significantly and also make it more useful by giving incentives to torrent users so that they seed their content for longer times.

A lot is going for Tron, and some new partnerships are being rumored. A delegation from Twitter recently was seen at Tron’s HQ which has fueled the belief that some kind of collaboration could be in the works. Alibaba has also been rumored forever to be very interested in Tron’s ideas and currency especially because Jack Ma’s (Alibaba’s founder and CEO) and Justin Sun (Tron’s CEO and founder) are known to be very close friends.

Lots of neutral observers are making suggestions to boost Tron’s asset value, such as a coin burn, increased marketing, and other things. But as long as the whole crypto market is suffering and Bitcoin keeps underperforming, those measures are band-aids for a situation that needs major surgery.

Tron remains one of the most exciting projects in the cryptosphere. As time goes on, it will keep moving forward, decentralized apps will be developed to run over the new Main Net, and that will bring new users, new demand for the token, and additional usefulness. That’s how value is created.

A bullish run is on the way for Tron and the whole market. It’s impossible to give dates for it, but it will happen if only because bullish runs are entirely unavoidable, delayed as they often are.

And when it does, knowing all the fantastic features Tron has, you can be sure that TRX’s price will explode big time. So if you hold some TRX, don’t sell out of fear. Be patient and wait because Tron is barely a year old and the best is still to come.

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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 Maxpixel.net

Altcoins

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

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Singapore, Singapore, 26th February, 2021, // ChainWire //

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. 

Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!

Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations.  Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!   

Unifi Farms will have several advantages over old-fashioned DeFi farms.  The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.

Why is farming without staking so revolutionary?

Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers.  Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming. 

To participate in most farms, the user pays at least five network fees.…

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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