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What will be the price of a Tron TRX token at the end of 2018 now?

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In terms of developments we can all agree that Tron (TRX) is undoubtedly one of the coins that continuously work the most in order to provide its users with a unique experience, and at the same time, it strives to achieve its mission of becoming the virtual coin that manages to make of the internet a decentralized space.

As a matter of fact, only this year Tron has launched its Test Net, migrated their tokens to its own blockchain, launched its virtual machine, started to build its own self-governed community, and has bought BitTorrent as well; which, of course, give us a clear idea of the commitment of the crypto in order to get to the top.

But is this being a functional strategy? Is this actually paying off in terms of price for the TRX token? The answer to these question is actually simple, so far is not.

The conditions of the market are not the best right now (not that stable), and this is a fact that has affected each one of the cryptos in the market, including Bitcoin (BTC) which now trades $6,500 again.

However, we have strong reasons to believe that this will drastically change in the remaining months of the year. Let’s see all of the details behind this asseveration and how far the TRX token is expected to go.

Facts about the TRX price to keep in mind

There’s not a doubt that if we’re going to talk about the future crucial of the TRX token there are a few things we need to consider. For instance, the current price of the token, its all-time high, the price of the coin back on its billionaire ICO, and the volume that the crypto manages to have these days.

In this sense, the TRX token places on the 12th position according to Coinmarketcap with a price of $0.022329, a value that is quite away from the one managed on the ICO of $0.0019, and at the same time, very distant as well from its all-time high of $0.30.

It results notable, that the coin has had significant losses through the dips of the market this year, and this only leads us to conclude that many of the original investors have already sold their holdings in order to find a balance.

Nevertheless, Tron (TRX) has a solid and constant trading volume of $200 million every day, and most of these transactions occur with two of the most important trading pairs such as TRX/USDT and TRX/BTC.

Fiat trading with TRX

One of the things that may boost the price of the TRX token considerably is the aperture to fiat trading markets, because even when the coin has already fiat tradings this is just a tiny portion of its operations, and the right approach in this matter may have great implications for the coin.

But what do we need to see this happening? Well, Tron is lacking gateways, in other words, exchanges that show support of these tradings such as Coinbase, to name one. In this sense, it is necessary that TRON accomplishes to prove that their blockchain is safe and trustable, but this is something that requires time since TRON’s blockchain is only in its early days.

Chinese adoption of TRON’s TRX

Another interesting market for Tron to explore is the Chinese market. As a matter of fact, China is opening up to virtual currencies right now and Tron (TRX), along with NEO, and VET are the likely options for the country to adopt.

If we take time to consider it, there isn’t an interaction of the TRX token with the Yuan, and on the other hand, we can see how the Yuan represents the 1 percent of the operations for Bitcoin, which is pretty much remarkable, to say the least.

If Tron explores this option, it can actually grab the attention of the Chinese market, and the chances of opening to a horizon of this kind represent a massive opportunity for the price to increase in a great measure.

TRX/BTC ratio

The Satoshi ratio is currently the unit to measure the price of different currencies with respect to Bitcoin (BTC). In this sense, TRX currently has a value of 291 Satoshis. But in the long-term, analysts forecast that the price of the token may have an upturn that could take this value to 615 Satoshis (to read more about the dontFOMO analysis, click here) so we could be speaking of a year closing with TRX being separated in terms of correlation to BTC.

TRX price at the end of the year

If all of the moves continue as they go, Tron (TRX) may get to a price of $0.70 dollars (at least) by the end of the year, and even when it doesn’t seem like an outstanding increase, it would actually represent a huge jump in the current performance of TRX, and a pretty decent change with respect to current prices of the crypto.

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READ  The Latest TRON Developments: Why HODLing onto TRX Could Be Beneficial for HODLers

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 Maximilian Weisbecker on Unsplash

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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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Altcoins

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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