Justin Sun (Tron’s CEO and founder) is probably the most adept leader in the blockchain world when it comes to marketing. That includes Twitter, which is perhaps why he’s now reached half a million followers.
In celebration of this milestone, Mr. Sun is asking people to comment on his account what they want to see the blockchain industry doing in the future (which includes all blockchains, but, mainly, Tron’s blockchain).
The original post reads:
“Thanks #TRONICS for being part of our amazing community! Tell us what you are excited to see within the #blockchain industry or on #TRON platform in the future, and get a chance to win our new swag collection! I will randomly pick 10 winners from the comments. $TRX”
From all the comments on this post, Mr. Sun will randomly choose ten people who will be awarded Tron’s new swag collection.
Why is Tron gathering so much attention from crypto enthusiasts, I hear you ask? There are several reasons. Justin Sun was already considered to be one of the most influential players in technology even before he started Tron. He’s known to be Jack Ma’s (of Alibaba fame) close friend and protegé, so even before he started, he boasted a type of credibility across both the technology and the business world that’s rarely been matched by any other project leader in the crypto verse.
Another reason is Tron’s ambition. It’s not meant to be a cryptocurrency only but a fully developed third generation blockchain platform that can deploy decentralized apps, smart contracts and, above all, aims to decentralize the world wide web.
It would mean that content creators on the internet will not need central authorities such as Amazon, Google, Facebook or Youtube to monetize their content anymore, but they will be able to be rewarded, in cryptocurrencies, by joining Tron’s decentralized web. If Tron gets its way, this would be as revolutionary as the internet itself was, compared to the printing press.
Also, Tron has been able to back up its claims so far with many new partnerships and successful developments already under its belt. The new Main Net is up and running, and working perfectly (according to user’s comments). The Virtual Machine is also deployed and working perfectly (do we need to tell again?).
Tron’s Virtual Machine is particularly important because it allows using Java (which is probably the one programming language every programmer knows) to develop apps using Tron’s blockchain. In many other environments (such as Ethereum) you can’t use a “standard” language but you have to learn the platform’s native language, and that puts off many potential developers.
As we write this article, Tron (TRX) remains a very cheap coin at two cents, and it ranks eleventh in the cryptocurrency world by market capitalization. That may not seem very impressive, but it has little to do with Tron’s achievements and everything to do with the fact that the market has been going steadily down since last December, and that TRX is still pegged to Bitcoin in exchanges.
Tron has the right balance between good administration, great marketing, and new blockchain technology that has a differential advantage over most other projects in the cryptosphere. And it has a credible leader whose Twitter account is already over half a million followers.
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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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Secret Behind Binance Coin: Why is BNB Outperforming Other Coins
The crypto market has seen quite a lot of volatility in 2019, although not all of the price changes were bad, as they were in 2018. In fact, many coins saw significant growth. Bitcoin (BTC), for example, recently managed to breach one of its major resistance at $4,000. Many have predicted that breaching this roadblock will mark the next stage in Bitcoin’s growth, and potentially its return to higher levels.
However, while most of the market has been seeing significant gains in the past several days, one coin still outperforms them all — Binance Coin (BNB).
So far, in 2019, Binance Coin has shown a strong will of its own, often seemingly being immune to the market trends. While the coin did see a significant loss in 2018, it spent most of 2019 in recovery, even while the last remnants of the crypto winter still tortured the rest of the market.
Back in the early days of January 2019, the coin’s price was barely above $5. Now, however, only a bit over two months later, BNB price is at $15.86, and still seeing growth. The coin never suddenly spiked, but instead, its growth was steady and stable. Whenever it approached new resistance level, BNB would slowly carve its way through it, turning it into support, and continuing on.
But, what is allowing it to break free from…
Why Bitcoin Price Remains Stable Before the Expected Hike
The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.
The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.
Why this week’s closing price matters
Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.
If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…
Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
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