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Stay bullish on Tron (TRX): Here are three reasons why

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Tron’s Tronix currency is currently at $0.03941, even though its valued increased excellently in the last couple of days, but still, it’s way down from where it was last January. But that’s not a problem inherent to Tron or Tronix (TRX) but to the whole market. Every single coin has lost a lot of ground during the year. But some of them are undervalued, and some other could be at their correct level.

Tronix (TRX) is among the most undervalued digital assets in the world, but it holds a lot of promise in long-term. It’s doing everything right, and it will go through the roof sooner or later. So there’s every reason to stay bullish about it but, just to keep things short and readable, I will give you only three.

The Main Net is here, and it works

After months of anticipation Tron’s new Main Net was launched and it was a resounding success. EOS also released its new Main Net around the same time, but there was a vast difference between both launches: Tron’s went smoothly, and EOS was a colossal mess, plagued with bugs and flaws, so it had to be delayed several times over.

It’s not just that it works. Users have attested after the launch that the new platform delivers on all of the promises Justin Sun made way before the release date. Let’s remember that when Mr. Sun tweeted the features and specifications, the new Main Net would feature he didn’t only face a lot of skepticism, but he was also mocked and attacked, primarily by the leaders of other blockchain projects who claimed that those specifications were either impossible or just too good to be true.

Ethereum took particular offense to that. Now users are tweeting about how fast, how reliable and how cheap everything is. They are vindicating every single promise Mr. Sun made. This fantastic success will boost Mr. Sun credibility, the foundation’s, and the coin’s.

One more thing to consider is that the new Main Net’s job is not just to support the TRX currency but also to be a blockchain operating system that enables developers to create decentralized applications. This is not to be underestimated as good apps will bring about new users that will be using and demanding Tronix either implicitly or explicitly.

Tron’s new platform has been great news however you might want to look at it yourself.

Justin Sun

The Tron Foundation has been around since last September only and in that short time its founder and CEO, Justin Sun is already considered one of the (if not only) most charismatic and relevant leader in the cryptosphere.

His track record as a businessman is beyond doubt. He founded Peiwo which is the most popular messaging application in China and some other Asian regions. He’s a close friend of Alibaba’s Jack Ma, who was his teacher and protector at his own university.

Mr. Ma has an instinct for flare and marketing that is simply unmatched by any other leader in the blockchain community. The perfect mix of power nerd and entrepreneur. But more importantly: so far, Justin Sun has delivered on every single promise he’s made, and some of them were incredibly bold and seemed like just a marketing ploy. They weren’t.

There’s every reason to believe that Mr. Sun’s leadership will keep the already enthusiastic Tron community tight and happy, and the project moving on.

Rest assured that TRX’s price will go up sooner or later if Justin Sun in person has to drag it there.

The Tron community

Did you know that TRX is currently held by more than 426,000 people in sixty different countries? The community is vast, more significant than most others but that’s not all. It’s united, it’s enthusiastic, They are all using the TRX coin in trades and to pay for goods and services (if possible) because they understand that such is the way in which a project like this can really take off big time.

The sheer size of this community implies that the Tron blockchain will never be short of developers and new decentralized apps and as those apps get released and prove their usefulness that, in turn, will bring about new community members and demand for the TRX asset.

This is the kind of digital community that can keep a project going when things stall, but also to make it incredibly prosperous when things go their way. 

So don’t let appearances deceive you. Tron’s current low price (yes it increased in the last couple of days but it is still undervalued) is not a sign of failure, it’s an opportunity to get into the game at the best possible moment.

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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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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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