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Watch out! The Tron (TRX) big bull is charging this way!

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Tron is more than your average successful cryptocurrency. Driven by Justin Sun‘s vision of a fully decentralized web, it’s also an entertainment content distribution platform built upon the blockchain and peer-to-peer technology. Users can store and build apps using this platform to host and distribute their own content instead of requiring such service from a third party host (which is usually a centralized service).

The Tron brand and currency belong to the Tron foundation, a non-profit institution started and led by CEO Justin Sun (who formerly founded Peiwo). Mr. Sun is very well known as a former Jack Ma (Alibaba’s founder) student and protegé, and Peiwo’s success, as well as Tron’s spectacular rise (it’s worth three and a half billion dollars, and it only started last July), has turned him into a global business celebrity.

Some analysts even expect him to surpass his protector and become the next Jack Ma. Because of both moguls’ close relationship, there’s the rumor running around that Tron and Alibaba could partner up in spite of the fact that, while Mr. Ma is a big fan of the blockchain technology (more blockchain patents were awarded to Alibaba last year than to any other private company in the world) he’s been very outspoken about his skepticism about cryptocurrencies.

It’s still only a rumor, anyway. Nobody knows for sure so far, except for Mr. Sun and Mr. Ma, and they are not saying anything. It is evident, nevertheless, that Mr. Ma has very high expectations from both Mr. Sun and the blockchain tech, and they are close friends. So if Alibaba is going to partner up with any player in the crypto universe, it would only be natural for that partner to be Tron.

A recent tweet by Mr. Sun made the whole Tron community excited. In that post, he talked about a possible announcement for a new partnership. According to Mr. Sun, it would be the biggest ever partner to join forces with Tron.

Hupan University is located at Hangzhou, China. It was founded by Mr. Jack Ma, who is the principal and still teaches there. He personally invited Mr. Sun to join his entrepreneurial education program, along with only forty other students. That’s how they both became close, and Mr. Sun was the first ever millennial to graduate from Hupan. So they go some way back.

At the time Tron launched its ICO, it was trading at a fraction of a cent. Then it went up all the way to thirty-one cents, which remains its all-time peak. It’s been fluctuating ever since, and Coinmarket has it at $0.070 at the time I write this. It’s still a tremendous growth rate, among the top ones of today’s alt-coins.

Taking into account that Tron’s Main Net is only a few days from being launched now, the current price is an obvious opportunity. The Main Net means that Tron will stop being a currency based on the Ethereum ECR-20 blockchain to become a fully autonomous blockchain and currency.

More than that, it will become a platform for decentralized applications development. The new platform promises to surpass Ethereum’s characteristics dramatically in terms of speed and versatility. 

For Tron, it’s not about the coin only but about providing developers with an environment in which apps can be deployed and used. Remember: Tron’s game is to decentralize the web, so Tronix is not the whole dish but only one of the recipe’s ingredients.

The recent trend in the crypto market is bullish. Numbers have been green for most currencies for most of the month (it all started to go down a couple of days again though, Bitcoin lost a lot, but Tron hasn’t been in the Red majorly though), and Tron is the spearhead. It’s expected to reach $0.08 soon, and some market observers think it could even reach $3.00 before the year ends.

Mr. Sun is famously quite adept at marketing. He’s conducted a thorough campaign that hails Tronix as the investor’s choice, and it’s worked. It’s bolstering the coin even as of now. The low price Tronix (TRX) still has just proves the notion that the future looks bright for it.

Cryptocurrency traders anticipate a rebound to happen soon (maybe even today) for the market in general, but some keen watchers think that TRX will presently undergo an eruption that will leave a lot of the competition behind.

Bixin recently declared its support for Tron’s blockchain independence and token migration (the token migration is scheduled for next month). This news came in as the new Tron virtual machine was just about to go live in a couple of days, which went live today. Bixin is one of the world’s leading cryptocurrency exchanges.

Additionally, RightBTC, the first Dubai digital exchange recently included Tron and many other exchange sites, and platforms keep joining in support of Tron’s upgrade to the Main Net and token migration.

The Tron Foundation claims that no fewer than twenty startups are already working hard to develop decentralized apps for the new Tron Main Net. A lot of them will be released next June 5th.

April was a very good month for the cryptocurrency market, and it seems that May has brought about the solidification of those gains. As Bitcoin keeps being increasingly adopted everywhere; even though it’s trading below $7500, the analysts believe that this May will be the last time its value will remain this low. Even in a market, this hot, Tron remains a serious contender to become the year’s most profitable coin (last year was Ripple’s XRP).

The Tron leadership and community are very transparent, they usually deliver on promises, and the coin has performed spectacularly since it hit the market. Mark my words, Tron is set to grow at an exponential rate, watch out for a ‘big bull’ charging this way!

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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