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Tron (TRX) among the most promising blockchain projects out there, here’s why

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There’s not a doubt that TRON (TRX) has come a long way concerning its beginnings as an Initial Coin Offering (ICO) back in 2017. The company managed to surge to the top and become one of the most exciting projects in the industry in just a matter of months.

That’s a fact that is mainly attributed to the hard work of Justin Sun, a Chinese businessman considered to be one of the brightest minds in Asia and the whole world, not to mention that he is a former student of Alibaba’s Jack Ma.

Sun has characterized for being the closest with TRON’s community, or Tronics as he usually calls them. The CEO shares with Tronics all of the moves that involve the company regarding developments, partnerships, and upgrades.

And even though June 25th (when Tron got independence from Ethereum blockchain) seemed like the most important date for the company a few months ago, we understand now that this is just the beginning.

Despite the constant up and downs of the market, and the generalized downtrend of the year, it seems like TRON (TRX) is finally recovering from the blows that the crypto has received in the last months. Let’s discover the main facts as to why TRON is one of the best blockchain projects out there.

Mass adoption on the way

June 25th was the date the company finally got decouple from Ethereum protocols and launched its very own main net, Odyssey. Today, months later we realize that was actually not the ceiling for TRON. In fact, does TRON have a ceiling? Well, it doesn’t seem like, considering the post-mainnet projects, the TRON Virtual Machine, and The Super Representative Elections… And truth be told, it looks, Sun hasn’t even stopped there.

Not so long ago Vitalik Buterin, co-founder of Ethereum stated that the crypto verse doesn’t have space for a 1000 times growth anymore, a fact with which Sun clearly disagrees, he recently responded that all of the wealth was going to turn into cryptocurrencies very soon “like black hole and grow much bigger in the future”.

Like this, we can see how despite the downtrends of the market, Sun continues to have a positive sentiment regarding crypto, and that’s exactly what he shares as well with all of the Tronics out there.

He has continued developing projects to achieve its final goal of ‘decentralizing the internet’ and of course, to accomplish the ultimate goal for all of the cryptos which is mass adoption.

In this sense, one of the things that will help go to the masses is the latest addition of the TRX/USD pair by Bitrex which is going live on September 17th. This, along with the acquisition of BitTorrent, the biggest peer-to-peer Torrent platform in the world.

Sun plans to integrate both TRON and BitTorrent in a project dubbed Atlas that primarily seeks to reward everyone who uses the BitTorrent platform to share content with the 100 million users that the network has. The initiative will for sure increase flow of the crypto, and this will have a positive repercussion concerning prices.

As a matter of fact, the last days for TRON (TRX) has been pretty much positive being on the green with remarkable percentages of increase, an effect that has created a positive sentiment in the community. At the moment of writing, the TRX token prices at $0.019527, with a 2.73 percent of the increase in the last 24 hours.

Could TRON manage to maintain the hype? We can’t be sure about that, but the one thing we can count is that TRON continues to work towards achieving its goal, and the project remains focused on making it happen. So stay tuned.

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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.

Photo by Scott Webb on Unsplash

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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