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Reasons Why the Month of April Can Change The Future Of TRON (TRX)
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Reasons Why the Month of April Can Change The Future Of TRON (TRX)

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TRX
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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.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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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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