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

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Tron TRX

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.

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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 Yosh Ginsu on Unsplash

Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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