While TRON has made some game-changing moves throughout 2018, it seems that this coin is still not done with shocking announcements. According to a recent statement by its founder, Justin Sun, TRON might be about to enter its biggest partnership yet. This time, the popular coin is targeting an unnamed company worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
As soon as this announcement was published, the entire crypto community started speculating regarding the company’s identity. While still unconfirmed, many seem certain that the mysterious giant is none other than one of China’s largest IT firms — Baidu.
The Tron team told https://t.co/reZ2fjHrZq that a partnership had been confirmed between Tron and China's IT giant Baidu, which will be officially revealed by Baidu Cloud next week.
— Coinness – Real-time Crypto Market Index and News (@coinness) October 12, 2018
Baidu is among the largest companies in China, and many tend to call it Chinese Google. The company holds control over 66% of all internet searches. In fact, its closest competitor holds only a quarter of this amount.
What does this mean for TRON?
As mentioned, TRON has managed to make a huge amount of progress throughout 2018, which was mostly bearish up to this point. Not only did TRON managed to launch its MainNet and purchased BitTorrent, announced numerous projects, entered more partnership than anyone can count and has started bringing games to the blockchain.
While pretty amazing, all of these feats might become lesser achievements when compared to partnering up with Baidu. Many expect that this move will launch TRON to the moon, and quite possibly start a bull run that everyone has been waiting for since January 2018.
Baidu itself is a huge and rich company, and it even expressed interest in blockchain technology in its white paper published in September. If it were to partner up with TRON, this cryptocurrency would definitely deserve it. Its recent accomplishments have proven that TRON’s blockchain is faster and cheaper than pretty much any other.
While the bear market impacted its price and market cap so much that TRON still cannot enter the top 10 cryptocurrencies, a partnership like this will definitely improve its situation. Right now, TRON’s value is at $0.024646, with an increase of 1.61% in the last 24 hours.
However, this is nowhere near its full potential, or even its all-time high of $0.25 that it reached in January. While TRON’s highest price is only a quarter of $1, many believe that TRX could hit a lot higher after all that it managed to accomplish during 2018. With that in mind, the entire crypto community expects this partnership to pave the way for TRON in 2019. All that the coin needs now is for this partnership to be confirmed. When and if it does, investors expect that TRON will skyrocket like never before.
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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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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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