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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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