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TRON (TRX): Reasons Why You Should HODL

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TRX
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Trading Markets around the world are starting to be dominated by Cryptocurrency trading. Currently, there is an excess of over 1800 cryptocurrencies and blockchain related projects in the world at the moment, and TRON (TRX) is just one of them.

TRON or TRX was developed on the blockchain network as a decentralized ledger protocol, capable of building an entertainment framework for free content distribution around the world. Like many other projects, it uses the decentralized distributed ledger system, where users can publish, store and own data.  A user can also choose to distribute content in an autonomous decentralized form. As of 19/03/2018, TRON is ranked 15th according to Coinmarketcap, with a total market cap of $2,058,589,056 USD With a total supply of 100,000,000,000 TRX Tokens.

Current Market Scenario of TRON

The Cryptocurrency market, on the whole, is very volatile in nature, with investor sentiments taking precedence over other price movement factors. Thus it comes as no surprise, that TRON, just like the majority of cryptocurrencies have experienced torrid times recently. The market, on the whole, is recovering from a major slump which saw most cryptocurrencies depreciating in value by about 50%. This came after the Cryptocurrency market reached all-time highs during December 2017. This year, however, saw the introduction of fears of regulations which negatively impacted investor sentiments. Thus, even though TRON reached a value of $0.30 in January, its value nose-dived till it hit rock bottom recently at $0.03. However, at the time of writing, the future prospects are looking bright for TRON. This is fuelled by the announcement of four events which are slated to take place around 31st March.

The value of TRON has seen a positive climb after some recent positive events. TRX Tokens got listed on both Bittrex and the Upbit Exchange recently, followed by TRX listings on 6 additional crypto-exchanges around the world. This certainly had a positive impact on TRX prices, which bumped up to $ 16,752,047,709 on January 05th of this year, following the above announcements.

Predicted Rise Due to Slated Events

As shown above, positive news relating to the coin has a definite positive impact on price levels. The team behind TRON have confirmed about four events that are scheduled to take place on March 31st.  The news of this event can be considered a positive gesture in the crypto-community and can help push price levels up again. The four events are discussed in brief below.

  1. First Beta Launch: It was announced that on March 3st, TRON would unveil the first beta version of EXODUS, which is set to offer more advantages as compared to any existing blockchain systems.  One of the highlights of the release is expected to be the fast transaction processing speeds, with Exodus being able to process 1,000 transactions per second, which in turn lowers transaction fees.  This release is also expected to include the TRON Virtual Machine, a tool that enables small smart contracts to be created in various programming languages along with several monitoring tools.
  2. Mainnet Launch: As announced before, TRON’s Mainnet Launch is scheduled for a May 1 release. TRON holders everywhere are thus advised to hold on to their tokens as the mainnet will separate TRON from Ethereum. As a result, the lower costs are expected to fuel the adaptability of TRON around the world and many businesses are expected to partner with TRON in the near future. Scalability on the TRON network will be infinite, as TRX trading volumes on exchanges increase.
  3. Test Net launch: Before the Mainnet launch, however, the TRON test net launch is slated for March 31st. The test net is expected to open new avenues for running a full node, as well as allowing the deployment of customized digital assets. As the test net is expected to bear all the functions of a basic blockchain, including data checking, it will enable sending and receiving of transactions as well as voting.
  4. Coin Burn: TRON Coin Burn is slated to happen around March 31st. As TRON works on the principle of “Proof-of-Burn”, coin burning is required. The consensus algorithm requires every miner on the network to provide proof of these coin burns. This is done by sending the coins to a verifiable and unsuspendable wallet and does not consume any resources besides the actual “burning” of tokens.  Holders do not lose any coins. However, the degree of scarcity experienced by users after the coin burn is the main driving force behind increasing the value of the coin.

Final Thoughts

As highlighted earlier, the Dev team behind TRON aims for the TRX tokens to be a valuable asset in the Cryptocurrency industry by increasing the ability to develop more smart contracts. The aforementioned events certainly will have a positive impact on price levels. Thus in spite of the fact that TRX price levels have decreased enormously since the beginning of the new year, TRON holders are still advised to hold on to their tokens to gain from future price bursts.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Marco Verch via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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