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TRON (TRX) Expectations for 2019

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Even though it was not in the top 10 largest coins for the most part of 2018, TRON (TRX) was undoubtedly one of the most productive coins of the past year. It has already made a name for itself in the crypto community, and it achieved so much in 2018 that it is impossible to list and explain all of its achievements properly.

Indeed, TRX supporters are highly optimistic regarding this coin. Despite all the difficulties that cryptos had to go through in the previous year, the crypto community remains convinced that cryptocurrencies will eventually bounce back, no matter how long it takes. There may be significant changes in the structure of the market when this occurs, that much is not being questioned.

A lot of coins that are currently still active will likely disappear in the process, especially if they are weak projects with no proper support or plans for the future. However, there is a lot of people who firmly believe that TRON will not be among them and that this coin has excellent chances of being one of the most dominant cryptos in the future. The evidence certainly indicates that this way of thinking may be correct and that TRX has a lot of potentials to become one of the top coins of the third generation of cryptos.

TRON events and performance in 2018

Similarly to every other cryptocurrency out there, TRON has experienced significant losses in January 2018, after the market crash which eventually ended up taking away as much as 90% of most coins’ value. Not a single crypto has recovered from the event to this very day, and it will likely not happen for a long time to come.

However, while its value may be low, TRON has made a lot of progress regarding pretty much everything else. There was a time when the coin was announcing new partnerships, listings, and similar types of support pretty much on a daily basis. Even now, its creator, Justin Sun, regularly posts updates regarding new listings, projects, events, and development details regarding the TRON ecosystem.

In 2018, TRON also managed to launch its TestNet, followed by MainNet, a token swap, several token burns, the election of Representatives, and finally — the purchase of BitTorrent, which led to its Project Atlas. Of course, this did not all come at once, and it actually took months of preparation, planning, and negotiating for everything to happen the way it did. However, this still doesn’t make it any less impressive.

After its MainNet launch, TRON also started seeing a lot of development on its new blockchain, especially when it comes to dApps. While there are many projects that are dedicated to dApp creation — such as Ethereum, which started it all, EOS, NEO, and others — TRON appears to have something that other projects lack, something that makes its dApps much more successful.

It is because of this special ingredient that TRON dApp usage led to the coin breaking records in regards to daily transaction volumes. It still has only a few finished dApps, although many others are being created right now, and most of them will likely be completed at some point in 2019. Meanwhile, TRON’s goals have not changed, and it still aims to revolutionize the entertainment industry and decentralize the web, with Project Atlas being its first big step on the road to achieve this.

What to expect from TRON in 2019?

Due to the crypto-unfriendliness of 2018, not a lot of people in the crypto community were sorry to see this year end. So far, 2019 is mostly viewed as the year of opportunities and untapped potential. The crypto market is not in great shape at the moment, especially when compared to the situation it was in late December 2017 and early January 2018.

However, while many have started rethinking their involvement with crypto, there are also those who firmly believe that things will get better. In TRON’s case, the coin has had losses in 2018, as mentioned, and that much is true. However, it also used the year to set strong foundations and make preparations for a large takeoff, which might take it to the stars when proper conditions are met.

The project’s current efforts mostly focus on developing its platform, building different projects (including Atlas), improving its DEX, and more. A lot of people see Project Atlas as TRON’s biggest announcement of 2018, as well as the most important thing that coin’s developers are currently working on.

As mentioned, it includes BitTorrent, which is the biggest reason why developers obtained it back in June 2018. The plan is to use BitTorrent’s network to improve TRON’s own reach, but also to help a lot of new crypto users enter the space by providing rewards for seeding content. While not a lot of people are expected to actually interact in TRX via BitTorrent, it will still reveal the possibilities of doing so to many.

It appears that TRON’s moves mostly focus around building a community, expanding it, bettering it, and providing it ways to survive through rewards and similar forms of incentive. In addition, BitTorrent already started accepting payments in crypto, including TRX itself, BTC, and BNB. Not only that but it also just launched its own native, TRON-based token— BitTorrent (BTT).

The coin can be used for improving the speed of downloads and the entire network, in general, which is yet another way in which TRON plans to tokenize content sharing in its ecosystem. Considering the fact that BitTorrent supposedly has around 100 million users, many see cooperation with BitTorrent (and the entire Project Atlas) as the best decision TRON has made to this day.

For now, TRON is expected to continue development of its platform and its larger projects, with smaller ones also being expected from time to time. However, there is never much certainty when it comes to TRX, and a new big announcement might be just around the corner at any time.

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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.

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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