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Tron (TRX) could soon become the Google of the blockchain, here is why

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Tron TRX
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Tron is almost a year old, and so far the project has achieved much in the crypto sphere. When it comes to transaction speed, it has surpassed cryptocurrencies such as Ethereum and Bitcoin due to the innovative team behind it. Its CEO, Justin Sun, has been ambitious on his goal to make sure Tron (TRX) is one of the top traded cryptocurrencies in the world.

At the time of writing, TRX is priced at $0.020 after increasing in value by 13.9% in the last 24 hours as a result of being listed by BITBOX. In its quest to become a global coin, the Tron Foundation recently announced that it had gotten its own domain name blockchain.org.

We do know the essence of a domain name to a company or a brand, and this is a significant achievement for Tron. Tron plans to enable its site into a search engine that will provide services for other new establishments in the crypto domain world.

Tron’s recently purchased domain will also provide lots of other services such as info search, project assessment, analysis, and others. Also, the domain website would provide lots of valuable information that would be beneficial for people gearing to change the cryptocurrency world.

Tron Live stated this:

We can truly see Justin and his team’s determination to build a solid TRON platform in the blockchain field. We believe with the integration of TRON Virtual Machine (TVM) and BitTorrent; it will take TRON further in the blockchain world. The future is indeed exciting for TRON.”

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The blockchain era is rising by the day, but during its inception, the industry itself had issues with getting and distributing information. Outdated search engines do not really showcase the aggregate information needed due to the fact that the Traditional Internet is centralized – important information tends to get missing or concealed. Also, the industry earlier had snags in getting its own information for the public.

Nevertheless, with the acquisition of Blockchain.org, Tron Foundation has shown it is poised to eliminate the hitches facing the blockchain industry, thus, making a “decentralized internet” to serve all projects. It is important to know that Tron Foundation intends not to get any profit from this achievement. Justin Sun said,

The success of the project should not be measured by its profit or its user base. What really matters is that if it makes an effort to make improvements for the entire industry.”

Right now, there is no content on the website for now as it is in its early stages, all you would see is this: “Search Engine of the blockchain World + Big Data Platform.”  As time goes on, the website will offer a lot to the blockchain world. That’s for sure.

A domain name is highly vital to any brand. We can see that with Monaco (a company that aims to develop debit cards that are powered by cryptocurrency), it acquired the Crypto.com domain name last month. Although the crypto-cards company didn’t disclose the buying price but a domain such as Crypto.com could be of $10 million worth, at least.

With that, anyone can see how important a domain name is, and for Tron (TRX), this will ensure its goal to create a highly decentralized internet for the world turns into a reality quicker than many might be thinking. The ‘blockchain‘ is the primary word we all use for the industry, and with this keyword under their wings, Tron team looks capable enough to carry the touch and become Google of the blockchain sector in real. Let’s see how things evolve here.

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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 Pixabay.com

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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