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Time to Invest in TRON (TRX) – Here is Why

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Deciding which cryptocurrency is worth investing in is not such an easy task these days, considering that there are hundreds upon hundreds of them already, and the new ones are appearing all the time. However, those who are looking for signs about which crypto might have a future may wish to take an extra long look at TRON (TRX).

What is TRON’s goal?

Every cryptocurrency wishes to find its place in the world, and do some good along the way. The modern technology carries a lot of potential when it comes to practical use, and some of them can even solve some major problems in the world. And, while that is a noble cause in its own right, many would argue that even the modern tech is still too primitive in order to actually deliver results.

TRON (TRX), on the other hand, has a goal that is incredibly practical, and still very much possible in today’s day. Ever since it was first launched, it wanted to improve on the entertainment industry, which may not seem that big at first but is desperately needed. TRON’s goal is to remove the middleman and allow consumers to get to the producers directly. This means that content creators would be capable to keep a huge amount of their earnings for themselves, instead of having to pay ridiculous fees or having to bother with strict regulations.

Because of this, TRON has gained a lot of popularity, and its price, like those of other cryptos, reached its peak in December 2017. We all know what happened next, and not one crypto escaped the January price drop unscathed. However, TRON has a lot of potential when it comes to returning to the glory days, and soon.

Why buying TRON now is a good idea

Since the beginning of 2018, cryptos have struggled with their market value, which was dropping and rising rapidly almost every other day. TRON is no exception, but there are several smart moves by this crypto and its founder, Justin Sun, which do seem to indicate that TRX might make a real comeback really soon.

TRON MainNet Launch

This is currently one of the biggest pending events in the crypto world, and everyone is holding their breath, waiting for May 31 to see how well is the MainNet actually going to perform. The recent launch of TestNet, which offered all the MainNet’s functionalities seemed to work pretty well, and the test was a big success. There is no reason to believe that the MainNet will perform poorly in any way, which is why the launch might be only a formality before TRON’s price skyrockets again.

And, let’s not forget about its token migration, which is also a huge deal, considering that TRX is finally leaving Ethereum’s network in order to make use of its own.

Join the community, help make decisions

TRON’s plans also include bringing a voting option for its token holders, and its development is still in progress. By becoming a part of TRX community, the coin holders will get the chance to influence this currency’s future, to some extent. TRON will allow them to vote on various issues, including the availability on various exchanges, possibly new projects, and alike.

CoinFlip trusts TRON, why shouldn’t you?

If you are into cryptos, you might have heard of CoinFlip, which is currently the biggest crypto ATM in the world. Basically, it allows you to go to the ATM and buy tokens directly with the cash in your hand. Until recently, CoinFlip only offered the biggest currencies like BTC, LTC, ETH, and alike. Now, however, TRX has joined in as well, which effectively puts it in the same space with the crypto giants.

TRON ensured many partnerships, including that with BitGuild

A lot of people decide whether a crypto is worthy of investment simply by checking out who is backing it. If that is something that you are taking into consideration, then remember that TRX is also a partner with BitGuild. BitGuild is a big name in the world of gaming, and it is actually a gaming platform that is based on blockchain technology.

It allows users to use its network to trade characters, items, resources, etc. All of these things are considered users’ property, and they can easily sell them to others by using BitGuild’s platform. Now, considering the partnership with TRON, it is safe to say that this will be one of the main currencies used in these purchases and trades. Users should not use a random trading platform and risk to be scammed out of their money. By using BitGuild, they can ensure that all of their trades are safe and legitimate.

This is one of the smartest moves that TRX has made, considering the enormous size of the gaming industry in this day and age. After all, over 2 billion people are a part of it, and if all goes well, not even the sky will be a limit to what TRON can accomplish.

TRON’s future

TRON’s price is still relatively low, considering what it managed to achieve last December. According to the CoinMarketCap, its value is currently at $0.065327. Still, TRX has had a slow but steady increase ever since March 2018, and its price has a serious potential to skyrocket after the MainNet’s launch.

A lot is expected from TRON in the near future, and many believe that it is more than capable to rise up to the challenges. The biggest event in its history so far is scheduled in only a few days, and it will be interesting to follow how the situation will progress. One thing is certain, and that is that buying TRON now may just be the best decision you can make.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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