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

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Tron XRP
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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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