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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.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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