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Tron could dethrone the 2017 champion, XRP, as this year’s best coin

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Tron XRP

Ripple’s XRP was last year’s best performing cryptocurrency. And while Tron seems to be little stuck lately (except last seven days), it would be a mistake to write it off because it could still turn out to be this year’s best performing digital asset. While some critics say that Tron’s TRX importance is artificial, bolstered by Justin Sun’s charisma, the fact remains that it’s earned the respect of its supporters (which are over half a million the world over) and even some skeptics. This token and blockchain aim to decentralize the web and take over the entertainment industry.

Just recently Jack Ma (of Alibaba fame) hinted to a possible Tronix (TRX) integration into Ant Financial (Alibaba’s financial services arm). This is catching investor attention in increasing numbers, and TRX future looks very promising for the next quarter. While Tron is very well known because of their flashy marketing strategies, the technical and organizational aspects are also very well taken care of as proven by the new Main Net launch and the super representative election. Also, Tron’s nodes are multiplying all over the world. So the big picture suggests that a bullish trend on TRX seems unavoidable.

Tronix (TRX): Performance during this year

Tron’s coin, called Tronix (TRX) has been on the cryosphere’s limelight for most of the year. It’s kept a top fifteen ranking since last December which is no mean feat. Tron’s objective is to rebuild the web as a decentralized platform that runs over Tron’s blockchain thus taking content control away from corporations (especially in entertainment).

It’s trading at $0.03860 as I write this, which even after the recent crypto rally, is one of the lowest prices the coin has had during the present year. This, in itself, signals nothing wrong about Tron, it’s just a reflection of the serious bearish run the crypto markets have experienced all year long.

But even in the midst of the general descending trend, TRX has remained solid regarding market capitalization (2.3 billion, 0.88% of the global market) with an 8.34% liquidity ratio (which is quite alluring). The return in 26 week remains negative with a 58% rate. Expectations for a rise in token value are floating in the air, nevertheless, as the trade volumes on this coin have been increasing slowly but steadily.

Volatility, of course, is the hallmark of investing assets and the crypto markets have not been any different so far (a little worse, if anything). That being said, Tronix’s performance has not been any different than Bitcoin’s or Ethereum’s as all three coins have the same standard deviation (17%).

Tronix is obviously not a safer option to traditional stock markets and other analog financial instruments, but it’s performed well enough within the cryptosphere to be considered a serious prospect. Tron’s team of developers has gathered a lot of renown in a very short period of time. They are ranked eight out of 1500, which means good things in the long-term. Most of the Trading on TRX is carried out in Okex and Binance, but it’s listed in more than forty exchanges all over the world.

Tron began the year going up, but as the whole market suffered from a bearish run (that is still going on), Tronix also began to lose value against the USD. It recovered briefly during April, but for a week only, then it resumed its path downwards. But for a coin that is not even a year old yet, it’s shown remarkable resilience and ability to survive the violent storms that characterize the cryptocurrency market.

The market is holding Tron back, but a continuous bullish run is expected to begin sooner rather than later, and that could see Tronix finally taking off to the value it deserves. It could very well be the best performing coin of the year, emulating or even surpassing the tour-de-force that Ripple’s XRP achieved last year.

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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 Maxpixel.net

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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