Connect with us

Bitcoin

Tron (TRX) is about to breakout. Don’t sell it just yet (not at all)!

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

Tron’s Tronix’s price has been stuck lately despite all the fantastic developments and milestones that the Tron project has achieved over the last two months. But this is mainly due to the enormous influence Bitcoin has over the cryptosphere and it’s been doing poorly lately. The whole market has been under the bear’s hug for a while now (except the last couple of days), and it has nothing to do with Tron (TRX).

As the market has turned green in the last couple of days, many speculators have been thinking about selling Tron (TRX) as they think this is the high time they can save themselves from losing their money (those are the ones who think they picked a wrong coin). The current situation is an excellent opportunity for those who don’t own any TRX to get some, and those who do already hold some Tronix coins should keep them. Yes, don’t sell because it is just the beginning and Tron is about to explode and I’ll explain to you why.

Let’s start with the most straightforward reason: market mechanics. During the market’s last bullish run Tron achieved a historical high of 0.23 USD. It’s now 0.02 USD which is almost 15% of its maximum value. That alone is enough to suspect that, in the next bullish run, TRX has a lot of room to recover, and it probably won’t just recover but surpass that 0.23 limit.

Keep also in mind that the peak happened at a time in which the Tron project was not even five months old and was doing a lot more marketing than development. But now the tables are turned. Which brings us to the next reason. Well, several reasons but they all have to do with a root cause of development.

At this point, Tron is a much more robust project than it was months ago. It’s secured some important partnerships (one of them happened just recently, with Line); it’s gone 100% independent from the Ethereum platform and ERC20 token, its new virtual machine is already live and, most amazingly, it bought BitTorrent, no less.

Let’s talk about BitTorrent. It’s the world’s main peer-to-peer decentralized information sharing network, with 150 million users worldwide. It’s enormous, and it’s the only relevant service of its kind because it drove every competitor (eDonkey, eMule, etc.) out of the market.

Tron announced as the current month began that Project Atlas which will be a fusion of sorts of Tron and BitTorrent in such a way that BitTorrent will use Tron’s new Main Net as its base platform. That alone will increase BitTorrent’s performance significantly, but there’s more. Tron plans to use TRX tokens to create incentives for torrent users to seed their content for longer times. And there’s 150 million of them. All those users will become, maybe some unknowingly, new Tron users that will be driving the network and will be creating demand and utility for TRX.

Another new feature in the Tron environment is the virtual machine which has been getting excellent reviews. Some have called it the most versatile tool ever to hit the cryptosphere, and they compare it to the 80’s TV character McGyver who was famous for his ability to build a nuclear bomb using only duct tape, two spoons, a saucepan and a swiss army knife.

To keep things short, let’s say that today’s Tron is a different beast than it was a semester ago. The community is much bigger, more committed and while back then it seemed like the promise of an excellent blockchain project, many of the features envisioned for the future are now a reality. Today Tron has real utility to solve real-world problems which means that when the next bullish run shows up, Tron is going to explode spectacularly.

Last but not least (I probably have noted this several times in my articles in the past), we’re talking about a very young project. It’s barely one year old, and it’s already achieved so much in such a short time. Just imagine what it will do over the next year now that its foundation is laid and has proven to be substantial. 

Mark our words. Tron will explode (the last couple of days’ highs are just the beginning) sooner or later. Don’t sell just yet. And yes, it hasn’t uncoupled from the king, Bitcoin, as yet – so if market shakes, it will follow the footsteps too no matter what it does as of now, but Tron looks bound to succeed ultimately. Patient ones might have their dream car.

For the latest cryptocurrency news, join our Telegram!

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 Yosh Ginsu on Unsplash

Bitcoin

Is Bex500 an alternative to BitMEX?

Published

on

Bex500
READ LATER - DOWNLOAD THIS POST AS PDF

An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

Continue Reading

Bitcoin

How Bitcoin Has Changed Online Gaming

Published

on

online gaming
READ LATER - DOWNLOAD THIS POST AS PDF

We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

Continue Reading

Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

Published

on

blockchain
READ LATER - DOWNLOAD THIS POST AS PDF

Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

Continue Reading

Elite