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

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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.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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