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TRON (TRX) Goes Global Thanks to CoinPayments

Published

7 years ago

on

TRON

TRON (TRX) still shows no signs of stopping on its way towards global adoption. The crypto has now partnered up with CoinPayments, which exposed it to over 2.2 million businesses and users in 182 countries.

CoinPayments lists TRON (TRX) as method of payment

According to CoinPayment’s recent Twitter announcement, the platform will now also offer TRON (TRX) as one of the official payment methods for any of the ecommerce platforms that they are partnered with. CoinPayment is already well-known for being the biggest (as well as the first) crypto payment processing platform on a global level. It is also believed to be the most comprehensive one. The platform supports over 600 cryptocurrencies, including Bitcoin (BTC).

That way, they allow their merchants to accept payments in the form of supported cryptos, and all that is required is for the merchants to use their payment processor. According to the platform, using it is as easy as using a regular plugin.

The platform’s goal is to become the leader in the crypto space, which is still in its infancy as of yet. They plan to do so by adjusting to the new conditions of the market, and by providing their unwavering support to Bitcoin, as well as its altcoins.

Now, the platform turned its gaze towards TRON, claiming that this coin, in particular, has a superior data release, advanced structure, simple ICO, and improved way of provisioning content. Not to mention the fact that TRON is among the biggest and most popular cryptos in the world. For all of these reasons, CoinPayment decided that TRX would make a great new addition to their platform.

TRON holders can now purchase good and services online

CoinPayment also stated that TRON’s MainNet launch and purchase of BitTorrent were an excellent start. So, why not start accumulating the TRX coins by accepting them as payment? This was their advice to store owners, which came as a follow-up on the statement of TRON’s integration in the platform.

Additionally, the platform mentioned that TRX can be used for buying various products and services, and even for funding various projects. After users pay for certain content with TRX, those coins will be sent directly to the content’s producers. After receiving the coin, the content producers can do with them as they please, including their conversion to another currency, or even exchanging them to fiat.

CoinPayment even left a post on their blog, mentioning that several marketplaces are already using TRX as a form of payment. Those include online and offline marketplaces alike. Accepting TRX now, while its adoption is still in the early stages, will certainly help all those who wish to see this coin create an even bigger and even more vibrant community.

While TRON is already well-known for its large and supportive community, expanding it further certainly won’t hurt the crypto. And, speaking of the community, their response to the new development has also been overwhelmingly positive, with many of them commenting about how great a move this is.

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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

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

1 year ago

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December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

1 year ago

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December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

1 year ago

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December 1, 2023

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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