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

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TRX
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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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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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