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

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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.

Image courtesy of Maxpixel.net

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Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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