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Tron community continues to grow despite the slump in the TRX prices

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Anxiety and despair have become the generalized sentiments not just Tron (TRX) but for all of the crypto enthusiasts and investors, a fact that is regularly fuelled by a crypto market going through one of the most significant bearish moves in history (things changed yesterday though).

Some of them feel the pressure of the market more than others, and in some cases, scenarios like this are the ones that make crypto holders start doubting, and even worse, stop showing support to a specific coin, which at large, becomes a tough situation for the whole crypto community.

It is precisely because of this that several coins are looking to deploy different strategies to overcome the latest circumstances of the sector, but is it possible that certain coin has made this job in advance?

Would it be possible that a crypto had foreseen the potential downturn and has worked on these strategies prior to the storm? Well, as it seems it is possible. In fact, that’s pretty much what Tron (TRX) had been cooking ever since it started, building up a solid and close relationship with its community. Let’s see all the details of this.

Tron’s community support

In lights of the recent conditions, Tron (TRX) has received the greatest support from its community, and as it seems, these holders are just not going anywhere in difficult times.

As the website Tronscan confirms, during the last couple of weeks Tron’s community has been growing in an extraordinary measure, and a proof of this is the increase in the number of accounts that have been created in the last month. In fact, at the time of writing, there are 200,621 accounts on the network, and the growing pattern has been an exponential move.

Tron’s strategies

The deployment of strategies of Tron started long ago. In fact, this has been a characteristic thing for the current 12th-best crypto of the market, which continuously has been designing a complete package for their users, because as the CEO, the very Justin Sun proclaims, Tron (TRX) just doesn’t rest.

One could say that it all started with the move of the making Tron an independent crypto. Let’s recall that not so long ago the TRX token was based on the Ethereum’s protocols, which undoubtedly, tended to link both virtual coins as a unit.

In this sense, Tron not only created its own blockchain, it also constructed a platform in which developers could create Dapps (decentralized applications) with the most common programming languages, and at the same time, it gave the option to migrate the ones already built using other platforms such as the one of Ethereum.

Sun’s blockchain company continued with the launch of the Tron Virtual Machine, and shortly after encouraged the development of the Super Representative Elections, a self-governed community for the crypto. And this is only the tip of the iceberg if we take into consideration the several partnerships the company managed to make with renowned exchanges such as Binance, which it worths to mention, that it was a crucial element in the migration of the old token.

Conclusion

The recent panorama for the crypto world has not been the best indeed, but to say the least, we all have been here before, and this is something we can always expect from cryptocurrencies.

Undoubtedly, the market will soon rise to its highs again (it went in green yesterday, but that was the correction of huge dips we all witnessed until the day before yesterday), and Tron (TRX) will undoubtedly play an essential role while this happens.

And yes, we should not assume that the bloody-season in crypto is over, the market can still turn red again before adopting a steady bullish ride. But for Tron’s TRX, as things look, that won’t be a thing to worry as Tron’s community seems to be caring less about the current situations and believing more in the long-term potential of the coin. Only the time will tell how well the project meets its believers’ expectations.

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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.

Image courtesy of Pixabay

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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