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How much price growth should we expect from Tron (TRX) in 2018

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Tron TRX 2018
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Tron is creating a buzz and widespread attention in the cryptocurrency world, no doubt about that. The virtual currency is steadily increasing in value with each day that passes. Launched in 2017, Tron (TRX) is a platform that aims to use blockchain technology in building and storing free content entertainment applications allowing you to effect smart contracts established on its blockchain.

Tron (TRX) has experienced substantial price instability in the past, including the growth of more than 3,500% in the space of one month. One of the main advantages of Tron’s platform is that it makes it easier for users to publish their content as well as data freely nurturing the growth of the media and entertainment industry.

Tron has many applications associated with it. Apart from being a universal free content entertainment network, Tron is also an investment asset, as it has a crypto coin, Tronix (TRX). Many cryptocurrency enthusiasts are trying to figure out whether the digital currency is a viable investment or not.

Tron (TRX) 2018 Price Prediction

Virtual currencies are known for their price uncertainty, with prices capable of either substantial fluctuations or appreciation in a short duration of time.

Cryptocurrencies are quite complicated, with several factors determining their appreciation or decline in prices. Being one of the most promising and rising cryptocurrency, Tron (TRX) has a bright future and potential for huge benefits for long-term investments.

Ranked 9th on CoinMarketCap; more and more investors and developers are either showing interest in or are using the platform resulting in the appreciation of the digital coin. Currently, Tron is trading at the $0.064 per token, and according to analysts, in the next three to five years, the altcoin is expected to trade at $1 and above.

Many of the major investors and traders in the market are pondering why the digital coin is continuously remaining on the Red trajectory even after its much-hyped Mainnet launch that’s just about to happen after a couple of days now (on May 31st). But cryptocurrency experts, on the other hand, are expressing ‘firm’ hope that the virtual currency’s price will go up in coming days and override the previous low prices with a new all-time high. It is predicted that its market cap, which stands at $4,217,274,550, might go up to around US$37 billion in the course of the year.

Apart from gaining support for its Main Net upgrade in mass already, Tron (TRX) has also secured solid partnerships with a number of companies who are in the content entertainment industry. Some of the notable names TRX has partnered with include Bitmain, oBike, UPLive, and Game.com.

And of course, its recent partnership with vSport (for building a healthier soccer and sports ecosystem, just ahead of FIFA World Cup 2018) is worth noting, too. These partnerships could help Tron drive its popularity and investor confidence that might lead the growth of the platform, and potentially lead to future collaborations with other corporates.

The localized platform is making strides in ensuring it becomes as easy as possible for content developers to publish their content without any restrictions. By doing so, TRX is providing massive flexibility to applications on its platform which might, in turn, increases usability.

As the platforms applications increases, usability also increases. And as the usability increases, the worth of the token increases further, giving good returns on the virtual currency. This is why Tron (TRX) is enormously promising in the virtual currency ecosystem.

Its founder, a young entrepreneur with ‘champion head’ on him, Justin Sun sees Tron (TRX) shaking up the Internet, and as things stand right now, it all seems to point out towards bright future of Tron (TRX).

And yes, the right connections that Mr. Sun possesses (he’s very close to Jack Ma, Alibaba‘s founder, for example) will help him send Tron to the moon.

Finally, Tron’s Main Net launch will bring in colossal adoption (potentially), so that’s yet another factor that could take Tron (TRX) to the stars if not to the moon. Even if not $1, we can expect the coin to reach its all-time high as the year ends. Consequently, everything remains ‘prediction’ as of now, only the time will tell (but again, hopes and analysis all are positive about Tron as of now)!

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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.

Image courtesy of Pxhere.com

Altcoins

Analyzing The Best-Performing Cryptos

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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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