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Tron, Cardano, NEO among the highest token holdings worth crypto bodies

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Tron (TRX) is riding the wave at the moment, and it has attracted the attention of big FinTech companies in the world today. The blockchain has also paved the way for innovations and, it is becoming the fastest growing cryptocurrency in the market today. Tron has acquired and produced numerous projects not only to benefit its ecosystem but its community too.

And now, a recent report by Diar says that project squads for the top 5 crypto organizations posses about 2.6 billion USD in their token holdings. The list includes IOTA, Cardano (ADA), Tron (TRX), NEO, and Tezos.

It is important to note that recently, the fifth set of TRX was burnt – about 1 billion ERC20 TRX tokens. After that, Tron CEO Justin Sun even decided to lock 33 billion TRX tokens until 2020.

According to the report by Diar, it has been noted that lots of Initial Coin Offerings that got created this year alone are struggling. The report notes,

While Initial Coin Offerings (ICOs) have to date raised double in 2018 what they did last year, the controversial fund-raising vehicle is seeing its popularity diminish to select projects. Diar number crunching shows that 70% of tokens are now valued at less than what was raised during their ICO. And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation

Diar has also summarized that the activities of ICOs are to be tamed till the end of this year, with only seventeen of crypto projects finalizing their fundraising in August this year.

Tron Mass Adoption Rate Increases

A new open-source wallet that is built on Tron’s network known as TronWalletMe has just been released. The company that has produced this wallet also decided to run for Tron’s Super Representative. The firm made the following announcement through its official Twitter page:

We are very excited to announce that TronWalletMe is running for Super Representative on the network of Tron (TRX).”

According to the company, “TronWallet is open-source beautiful, secure, simple, and powerful peer-to-peer digital currency wallet for Tron (TRX).” The wallet can now be used to send, receive, and vote on Tron’s network effectively.

Not too long ago, Tron also got adopted by a gaming platform which also runs on the Tron network: Intergalactic Gaming.

Tron (TRX) Recent Listings

Tron recently got succeeded to get two new trading pairs added to its ecosystem. Furthermore, Binance recently annexed TRX/USD on its platform, and TRX/BNB trading pairs will also begin on the platform.

Subsequently, as GlobalCoinReport reported recently, Bittrex Exchange also listed Tron by adding USD/TRX and USD/LTC pairs on its platform.

Tron has been listed on Kucoin, and TRX/USD trading pairs have also commenced on the platform.

Additionally, another famous crypto exchange BitBay listed Tron on its exchange platform, too. It is important to also note that BitBay boasts more than 80k users worldwide and it has now become the 3rd largest exchange in the crypto market. BitBay will now resume the withdrawals, deposits, and exchange of these trading pairs: TRX/EUR. TRX/USD. TRX/PLN, and TRX/BTC.

Tron is flourishing at the moment as it enjoys more usage and adoption from FinTech companies and notable exchanges in the crypto market.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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