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Over 1,600% In Returns For Tron's (TRX) Investors One Year Later - Global Coin Report
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Over 1,600% In Returns For Tron’s (TRX) Investors One Year Later

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Tron
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In a tweet on the 30th of July during the launch of the Tron (TRX) Virtual Machine, Justin Sun celebrated his birthday as well as reminding us of how young the Tron project is for it was its one year anniversary. In the tweet that can be found below, Justin summarized the highlights of the project thus far:

What about the Return On Investment (ROI) for ICO participants?

Traveling back in time and researching the initial conditions of the TRON ICO, we find out the following:

  • 100 Billion tokens were minted for the ICO
  • The total amount raised was $70 Million
  • Accepted cryptocurrencies were Bitcoin (BTC) and Ethereum (ETH)
  • Initial token price of 1 TRX was $0.0019

It is with the last fact that we want to explore the ROI for the initial investors of the project. The current price of a TRX coin is $0.035 at the moment of writing this. When we use this figure and that initial token price, we find that the Tron project has generated a Return on Investment for its participants, that is valued at 1,742%.

Looking at the peak value of TRX back in January, we find that TRX was valued at $0.25. Anyone who had held on to his or her own TRX tokens from the ICO phase and sold on that day in early January made an ROI of 13,000%. During this time period, TRX was a top 6 coin. Plans are underway for TRX to make it back to the top.

In conclusion, the Return on Investment on the Tron project is justification to congratulate Justin Sun and the Tron Foundation for a job well done one year later. Not too many blockchain projects make it to their 1 year anniversary. The same applies to regular business enterprises. Most new businesses fail within the first year. Some business experts put this figure at 50% while others say it is 30%.

During this one year, the Tron project has managed to withstand FUD from all corners of the globe. Justin Sun and the team have worked tirelessly to silence the naysayers by launching a functional Tron mainnet platform and other wonderful developments such as acquiring the file-sharing platform of BitTorrent and the Tron Virtual Machine. There are many more good years ahead for the Tron project. Therefore, it is still wise to keep HODLing as well as stocking up on more TRX when the chance arises.

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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.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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