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.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…