Connect with us

Blogs

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

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite