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Tron (TRX): A New Investing Opportunity on the Rise

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Tron
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Tron is going lower and lower with its price, experiencing an occasional increase now and then. However, instead of having investors and holders turning against TRX and focusing on another coin, Tron is getting more and more interesting for investors. This is the case because most investors are realizing that “buying when low” isn’t just a saying – it is the first commandment in the Bible of trading with cryptocurrencies. Here is why you shouldn’t give up Tron just yet.

Do we remember what Tron is?

Although TRX price is dropping, the interest of investors is increasing. This case is potentially promising an increase or two in the following weeks, so let’s bring to mind what Tron is all about.

Launched and developed by Justin Sun and his team of developers and programmers, Tron has been around since September 2017, which still makes it a “young” cryptocurrency. So, it’s no wonder this currency is taking baby steps towards becoming a big coin, which is the initial idea behind every coin – get more attention, get more investors and get more on price against the dollar, ETH and BTC.

TRX is a coin set on a completely decentralized platform we call TRON, as named by Justin Sun, one of the most influential people in the world of crypto values. With this coin, you can make fast transactions that are completely secure, safe and encrypted in favor of all TRON members. The main idea behind TRX is to promote and support the entertainment industry, being worth 1 trillion dollars at the moment of this writing. So, you may say that Justin Sun made a valuable choice with going for promoting the entertainment industry. The platform was created to enable all members, users, holders, and investors to upload and download different types of media, mostly within the entertainment industry, without the third parties like Google Play Store and similar “middleman” parties.

TRON, as a blockchain platform with unquestionable decentralization of the entire system, is made to help people to access easily, download, upload, use and purchase different content without overpaying or working in favor of small groups that make a profit. The community is said to be made as a non-profit ecosystem that doesn’t exist for the purpose of bringing profit to any parties involved.

How Can You Benefit from Tron?

Although this digital coin has suffered from massive decreases in the past week, potential investors still have many things to look forward to. Based on the way Justin Sun is leading his projects, Tron is everything but doomed, so even though its price dizzily is going down, Tron is still keeping up with the competition.

Till recently, Tron even managed to climb on the top 10 global coin ranking list, from where it was soon moved from place number 9 to 11th spot on the list. This case occurred somewhere around the initial first major decrease in Tron’s price against the dollar. At this very moment, TRX is holding spot number 15 on the global coin ranking list with the price of 0.03$ per one unit, which is the result of all the decreases that occurred during the last couple of days.

Many people think that having Tron’s price decreased is a bad thing, but what many investors are probably missing down the road is the fact that this is the best time possible to buy as much TRX coins as possible and wait for the price to jump up.

Given the fact that Justin Sun has given his best on having TRON created as a fully functional and completely decentralized platform with TRX as its main token of value, really gives hope that Tron is soon the become a huge deal on the crypto market.

You can benefit greatly from this downfall in price as nothing changed with TRON – this digital network is still working in favor of having fast transactions and creating new opportunities within the entertainment industry. That means that Tron might be the most promising coin currently available on the market. How come?

Well, if you give it a thought, you will realize that TRON decentralized ecosystem along with TRX as its digital token, represents a functional blockchain based environment, just like Ethereum or NEO. But, instead of having to invest over 1500$ for purchasing one NEO token and a single ETH, you can buy a flattering number of TRX tokens and get the same functionality for a way lower price.

Afterwards, the only thing left to do would be waiting for Tron’s price to jump up. Just remember that time when Bitcoin, LiteCoin, Ethereum and other “successful” crypto tokens that are now worth thousands of dollars per unit, were worth less than a dollar per one coin.

You might have missed that opportunity, but luckily Tron stands for a great opportunity on the rise.

We will be updating our subscribers as soon as we know more. For the latest updates 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.

Image courtesy of coinmarketcap.com

Blogs

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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Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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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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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Ripple
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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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