Connect with us

Altcoins

You think Tron (TRX) looks good? It’s even better

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

It’s barely a year since Justin Sun started the Tron Foundation and the project is already one of the most significant in the cryptosphere. This year has been critical.

The Main Net was launched successfully a few months ago, and it seems it was the only missing ingredient in a three-star dish. The Main Net unleashed Tron’s prestige and power, even if the Tronix price remains low.

Once Tron’s new Main Net came online, Tron completed the SR (Super Representative) elections, then it released its virtual machine TVM (Tron Virtual Machine), and its wallet is now fully workable in both iOS and Android.

Those are incredible achievements, especially for a project that is so young, but they’re just a few good things happening around Tron lately. There’s a lot more. What else is happening?

Tron is offering its platform for ICOs, and, according to many neutral observers, it could take that market away from Ethereum which has been the standard for years. This has to do with Mr. Sun’s insistence on Tron’s superior features, as compared with Ethereum, and it seems that the cryptosphere has been listening.

Tron could turn out to be the next big thing for the upcoming ICOs, and we’ll explain to you why in this article. Tron aims to be the future for web decentralization and content management, but it could also become the future for all new digital assets.

Have you heard about TronWatchMarket? It’s one of Tron’s many new projects. It is a new decentralized exchange for tokens. So far, almost half a million new accounts have been created, showing there is a lot of interest in using Tron’s platform to launch new token sales, and it’s been the first platform to actualize Tronix coins.

Then there’s TronLink. It’s a Tron community project in the form of a chrome add-on. The blockchain foundation tweet in July:

Tron: The good stuff

ICOs used to be exciting. Not anymore, especially after they were declared securities. Tron has come to realized that, as well as participants. They’re tedious unless you’re an expert who knows how to deal with Ethereum’s smart contracts.

It’s even weirder that some Ethereum-based ICOs don’t award their participants with tokens in exchange for their money right away, which is entirely beside the point of an ICO.

That kind of ICO needs trust from participants, and the whole point in blockchain technology is to do away with the need for confidence in transactions. Tron can fix this, right here, right now and make ICOs true to the blockchain spirit.

It’s so easy to create new tokens over Tron’s Main Net that it’s becoming a problem. It takes only $20 to create a new token. This has seen the creation of several fake tokens that end up being scams which, in turn, become a challenge for wallets that have to distinguish between authentic and false projects. This may not be great news, but we all should keep this in mind: true democracy is always messy.

Tron: The great stuff

Tron is a very efficient blockchain. So much so that the transaction fees are incredibly cheap (0.1 TRX or $0.002). This makes bandwidth very affordable for all users, but it still prevents hackers and spammers to get in the way of the community. These prices make the network both safe and inclusive. You don’t need to be rich to join it, but you can’t mess around with spam either.

Tron Foundation tweeted:

At the time we write this, Tron trades at $0.0262, which means it’s risen by about 2.57% over the last 24 hours from now. It’s ranked 11th at CoinMarketCap (was at 13th a couple of days ago), and its trade volume is at 333 million for the last day. Tron is a project to watch closely. And we, at GlobalCoinReport, will keep you informed every day.

For the global insights every crypto trader must have, apply for Elite membership!

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

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite