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

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Tron TRX
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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

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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crypto credit cards
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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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