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

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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

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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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…

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3 Coins with the Largest Potential in 2019

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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.

  1. Bitcoin (BTC)

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.

One thing that is expected is the approval of Bitcoin ETFs…

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