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Reasons Why the Month of April Can Change The Future Of TRON (TRX)
Among the eighteen hundred cryptocurrencies that are currently traded in the cryptocurrency market, TRON is certainly one of the most popular ones in terms of total circulation as well as market capitalization. Since its tokenization from ICO by the end of 2017, Tronix or TRX, the official cryptocurrency of this blockchain protocol, has been chosen by several investors across the globe for mining and trading purposes due to its ingenious features. The future plans and stratagems of this cryptocurrency have been extensively mentioned in TRON’s whitepaper and are meticulously distributed over the next five years i.e. until 2023. The whitepaper provides a definitive goal for this cryptocurrency to its users and eliminates the uncertainty factor.
As for this month, i.e. the month of April, TRON has already undergone some significant changes and developments that are likely to make an indelible impression on this coin’s future. Also, this popular Ethereum based ERC-20 token experiences major developmental updates every week to make this coin even more convenient to its users.
Here, some major incidents regarding this digital currency would be discussed to establish the fact why the month of April is going to be pivotally important for TRON.
Recent and Imminent TRON Events:
a. Testnet Launch: On 31st March 2018, TRON’s founder Justin Sun officially announced the launch of TRON’s testnet. This launch is indubitably the first step for TRON to become an efficient decentralized entertainment ecosystem. The sole purpose behind the development of this digital currency was to provide entertainment content to its users without the intervention of popular websites like Google. Despite the fact that TRX is still in its initial Exodus stage, this launching is likely to revolutionize the distribution of entertainment content all across the globe. As an immediate result of this launch, TRON’s price surged by 8% within a couple of hours. For other coins, it usually takes weeks or even months to achieve such an increase. Depending on this trend, speculators are expecting a very lucrative month of April for this currency.
b. Availability on CoinFlip: CoinFlip is unarguably one of the most renowned cryptocurrency ATMs that are used by traders worldwide. It is a US-based cryptocurrency ATM that has been supplying a few cryptocurrencies (predominantly Bitcoin) to the crypto-traders through its multiple terminals. On 2nd of April, CoinFlip started supporting TRON along with its previously existing list of Litecoin, Ethereum, and Bitcoin. This phenomenon is likely to increase the accessibility of TRX to its users considerably, eventually increasing its circulation and popularity. Besides, being available with the leading currencies of the crypto market is likely to assist in increasing TRON’s individual coin price and overall market capitalization. Due to this incident, now TRON can be purchased by cash in 57 different locations of the United States.
c. Implementation of the Voting Option: The voting option is likely to be implemented on this blockchain protocol in April after TRON’s development team finishes debugging the API. This new upgrade would increase the functionality of TRX considerably as the TRON users and other interested traders would be able to vote for certain issues such as listing in certain exchanges or implementation of new features. Also, within this month, the development team behind TRON is likely to finish the debugging of Fork logic as well as improving the blockchain explorer.
Other Initiatives:
TRON has already partnered with BitGuild which clearly indicates its inclination towards online gaming industry. Also, according to TRON’s published roadmap, this cryptocurrency is likely to get involved in several other partnerships along with initiating other media and academic endeavors.
Final Thoughts:
After experiencing a surge of 8% by the beginning of April, TRON’s current price is now tantamount to $0.035 approximately which indicates a conspicuous upward trend. The current market capitalization is circa $2.3 Billion USD (on 3rd April 2018).
The way this month started, the April of 2018 is going to be a very important month for TRX. If this currency is able to achieve all of its goals within this month, it can be the stepping stone for TRON to become an efficient entertainment ecosystem in future.
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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 Tom Wolf via Flickr
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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