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Red Pulse: Rise of the Phoenix (PHX)

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From the ashes of the bear market encompassing the cryptoverse, a powerful altcoin is rising to meet the needs of a new economy. Red Pulse Phoenix (PHX) is up over twenty percent over the past day and it doesn’t look like it’s ready to stop.

Phoenix (PHX) is the newest token swapped from the original Red Pulse (RPX) currency in August. Having successfully made the transition to an improved infrastructure, this alternative currency is flying high along with its investors as volume picks up alongside the company’s valuation.

But the story behind Phoenix (PHX) starts in October of 2017, as an exciting ICO gained steam under the token’s original brand, Red Pulse (RPX).

Research on the Blockchain

Red Pulse (RPX) began as a smart contract ecosystem built on the NEO blockchain. The motivation behind the team’s efforts included a desire to bridge the knowledge gap hindering global participation in Chinese industry. China, of course, has the 2nd largest economy in the world, yet remains difficult to understand for investors living outside of this massive country’s boundaries.

The accuracy and transparency of information relating to Chinese industry are lacking, to say the least. An overload of information and a broken research content ecosystem led Red Pulse (RPX) to find a blockchain solution. Utilizing their native cryptocurrency for transactions and blockchain for a publicly verifiable ledger, the new Red Pulse research content ecosystem was born.

The success of the venture has now allowed the team behind Red Pulse to innovate a new infrastructure suite. The rise of the gig economy and stringent regulatory requirements inspired the team to add a variety of brand new elements to their original infrastructure. The upgraded currency was rebranded alongside their open research platform, and Phoenix (PHX) was born.

Phoenix (PHX) is a revolutionary cloud-based solution to the cumbersome and manual nature of the expert network business model. The Phoenix network connects research consumers and producers with machine learning, language processing, and blockchain technology.

Technical Specifications

The Phoenix (PHX) network is implemented using ‘Proof of Creation’. Submitted content invokes a hash function on the NEO blockchain, converting the content into a hash script. This unique script is stored and registered as a non-fungible digital asset, proving creation and existence.

‘Proof of Ownership’ is also employed, allowing transfer of ownership while maintaining the immutable data attributed to the original creator.

Regulatory compliance, IP protection, and accountability are all improved significantly in the new Phoenix (PHX) research ecosystem. Providing an immutable record of specific information requests, comparing new and existing hashes and associating a distinct wallet address to each on-chain item, Phoenix (PHX) has risen from the successful implementation of the original Red Pulse (RPX) smart contract.

From the Ashes to the Sky

The Red Pulse Phoenix token (PHX) can be found on Binance and is currently leading the pack in today’s section of market gainers. As the coin market prepares for a rise of its own, early leaders like Phoenix (PHX) stand ready to take a significant share of the new participation coming into the cryptoverse.

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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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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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