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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

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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