Connect with us

Blogs

Relax. Recent Tron (TRX) price fluctuations are nothing to be worried about

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto environment has been going through a situation in which almost all of the tokens in existence have been trading in red numbers, mostly. This particular fact has been a reason to cause despair and concern among Tron (TRX) enthusiasts and investors because, as it seems, the dip is just continuing its path (token went down by 2.19% in last 24 hours), and the gain margin is either notably reduced or inexistent; and to say the least, making a profit is one of the main reasons why people decide to put their bets on cryptocurrencies.

In this sense, Tron (TRX) is one of the coins that have been disappointing many people in the cryptosphere lately, a currency that after several announced milestones such as the Main Net launch, and the Super Representative Elections, was expected to return better results than the ones that are on the table. In fact, what enthusiasts have encountered on the token lately is decreasing prices and the loss of its position in the market.

During this week, we have seen the TRX token moving to the 12th position in the charts, and this may be seen as a particular reason to be worried about considering that the coin was expected to get to the top 5 in the mid-term. However, is it really accurate to fall into discouragement in the lights of the present performances? Or do we have reasons to be quiet and hope for the best? Let’s see the main reasons to remain calm while Tron finds its way on the market, right in this post.

Dapps as a price solution

With the launch of the Main Net and the migration process, which by the way was ten times more successful than the one EOS had with its blockchain, one of the most significant possibilities is the dominance of the Dapp market. Tron is actually offering a more appealing repertory of features such as scalability, speed, and low costs, and this is the main reason why it is expected that in long-run, lots of Dapps (Decentralized Apps) will migrate to the Tron blockchain, which of course, will shoot the price to unbelievable heights.

Tron Virtual Machine

Another crucial aspect that may drastically change the prices of Tron is the attraction that the token is representing for the developers of the sector. In fact, this is something Tron has been managing through the creation of its native blockchain, and the near launch of the Tron Virtual Machine project that will happen on July 31st.

Decentralized internet

The idea of a decentralized internet is now resounding more than ever, and actually, there are solid reasons to believe Tron may contribute heavily in this, a fact that, of course, would represent a huge benefit for the prices of the token. Let’s recall that Justin Sun happened to acquire BitTorrent just recently, the most important peer-to-peer platform on a global scale, and in case this works as expected, the internet might possibly change as we know it.

Tron’s purpose

Unlike other cryptocurrencies of the market, perhaps the ones that continue to be on the top as of now, Tron (TRX) actually has a purpose, and this represents an incredible advantage in the long term. The existence of a token ‘just because’ makes hardly possible to maintain its performance/position in the market in the long-run, and this is something that Tron has definitely covered.

Conclusion

Despite the recent fluctuations of the coin, for many experts, Tron (TRX) is forecasted to be a top 5 crypto in a 5-year timeframe or even less. So despite the current performance what enthusiasts and investors need to keep into account is that the coin has great foundations and definite purpose, and that’s enough reason to expect great things of it.

For the latest cryptocurrency news, join our Telegram!

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 Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite