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Reasons Why TRON (TRX) is Expected to Shine

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TRON
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Despite a large amount of turbulence that has been hitting the crypto market ever since the beginning of the year, a lot of coins seem to have been experiencing a rise in value. One crypto that seems to be trying whatever it can to ensure its way to success is definitely TRON (TRX). This crypto has a lot going on, and many believe that it will steal the spotlight by the end of this year.

Is TRX better than ETH?

TRON’s price is nowhere near the value that it has a potential to achieve, but a lot of its supporters are convinced that it is only a matter of time before this crypto shines. It’s CEO, Justin Sun, constantly reminds TRX’s community that big things are coming, and is sure that TRON’s rank on the crypto market will drastically improve.

Sun has even gone as far as to claim that TRON is better than Ethereum (ETH). He said so in a tweet where he lists seven reasons why this is true. His reasons include comparing TRON’s 10,000 transactions per second, where ETH can only handle 25. He also pointed out that TRX does not charge additional fees, while ETH has some pretty high ones. The list goes on, and it has actually enraged many who saw the tweet.

A lot of users felt like TRON’s CEO is degrading ETH, which provided a lot of support for this crypto ever since it first came to be. Others have accused TRON of having a copied whitepaper, and that Sun’s analysis of the two cryptos is extremely one-sided.

Can TRON really stand above other cryptos?

The answer here is probably yes. Or, at the very least, TRON has a potential to do so.

There are multiple aspects that build up that potential, and TRON’s soon-to-be-launched MainNet is definitely the biggest one. The launch is expected to be in a little more than a week, scheduled for May 31. Once the MainNet is up and running, all of TRON’s tokens will migrate from ERC20 to TRX, which is expected to be done by June 21.

TRON has already tested this concept by recently launching a TestNet. The test was made mostly to confirm the soon launch of MainNet, and all seems to be going well for this crypto. There were doubts regarding the MainNet, and a lot of them came from Ethereum’s very own founder, Vitalik Buterin. He even stated that TRON’s project has no soul, but many in TRON’s community believe that he said so because ETH has a lot to lose if TRON’s project turns out to be successful.

One thing is certain, and that is the fact that MainNet’s launch will make it the biggest dApp platform on a global scale. All of TRON’s previously built dApps will also migrate from Ethereum, and TRON will become its serious competition. It is no secret that Sun wishes to create an ecosystem larger than the one Ethereum has. And it will probably manage to do so with ease since it already has 100 million dApp users.

TRON’s team and popularity are growing

Another reason why TRON has a lot of potential is its development team. The team started small, of course, but it managed to grow to a hundred people over time. Also, these are no ordinary developers, and many of them came from Tencent, Alibaba, and Amazon, which are all very reputable and prestigious companies. They are among those who rule the Internet these days, and if their developers have joined TRON, then that is proof enough that the team knows what it is doing.

TRON’s popularity is also a very big part of why it can achieve even more success. It is accepted by 37 exchanges and has managed to enter 7 fiat trading pairs. Most of the mainstream exchanges are expected to list TRX as well, probably as soon as the MainNet proves its worth.

However, there is also the issue of marketing, and Justin Sun has proved to be pretty cunning when it comes to this. One of TRON’s innovations is the announcement of an airdrop consisting of 30 million TRX tokens that TRON is planning to release to ETH’s community. TRON has stated that this is to be done in order for the crypto to show its gratitude for ETH’s support during the ERC20 phase. However, many believe that this act has an alternative goal, which is to give ETH’s community a taste of what TRX has to offer.

If they experience the new form of decentralization that TRON is offering, and become convinced of TRON’s superiority, ETH will quickly start losing its support.

So, yes, TRON definitely has a potential to achieve greatness once the MainNet is launched. Many believe that it will stand above all other cryptos someday, or at the very least, become ETH’s equal.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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