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Tron (TRX) eyes mainstream status as it becomes most searched crypto

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Tron (TRX) is one of the most impressive cryptocurrencies in the market today. Tron, the decentralized blockchain technology aims to create a free worldwide entertainment network where members can upload, publish, send, own, and store data. Tron as a company is located in Singapore (with roots in China), and it operates as a non-profit organization.

According to the search metric from Twitter, Tron (TRX) managed to be the most searched cryptocurrency in the world for one hour on August 5th. As per the figures that were released by Justin Sun, Tron’s CEO and Co-Founder, Tronix was mentioned over 1,600 times compared to Bitcoin which managed to gunner close to 1,450 searches on Twitter.

Steady Interest in Tron (TRX) as a Currency and as a Blockchain Technology

The result of the Twitter findings suggests that there is an increasing curiosity among many Twitter followers in the area of decentralized applications or DApps. Tron platform allows third-party developers and creators to build apps on its chains that utilize blockchain and cryptocurrency functionalities.

Over the past few months, Tron (TRX) led by its visionary leader, Justin Sun, has managed to generate consistent publicity with the most notable partnership announcement with adult site Pornhub and the enormous token burn that was done a few weeks ago.

Also, recent controversies involving Vitalik Buterin and Tron with the latter accusing the former of plagiarism managed to spark public interest in Tron (TRX). Truly there is nothing like negative publicity for someone who knows how to navigate themselves out of the murky waters.

Many virtual currencies in the market continue to challenge Bitcoin’s popularity as the most searched or preferred digital coin. Tron (TRX) is leading among other strong altcoins that are causing a buzz on social media platforms like Google and Twitter.

Ripple, Ethereum, and NEO are the other virtual currencies that are making the list of most searched cryptos confirming Bitcoin’s fear that it together with Ethereum are not the only popular virtual assets in the market.

Secret Behind Tron’s Popularity

Apart from Tron’s strong market capitalization, superior mainnet launch, and its underlying fundamental price valuation, Tron’s success and its massive adoption globally can be attributed to its strong marketing moves.

With its recent marketing move that captured the attention of the crypto community being Tron’s release of a few merchandises to the WeChat store for branding purposes, creating a good price creation strategy.

The sample merchandise released included notebooks, apparels, branded USBs, and toys.

Tron Price Prediction

As one of the fast rising and most surging virtual currencies in the market today, Tron (TRX) is showing a lot of potential and growth caliber to becoming the top cryptocurrency in the market.

According to experts and crypto observers, Tron’s (TRX) value is expected to rise to about 3.8 US dollars by the end of this year. By the end of 2019, Tron is predicted to hit the 12-dollar mark and an estimated value of about 53 US dollars by the year 2020.

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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 Maxpixel.net

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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