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Tron (TRX) has officially swapped its tokens; recovery time starts now?

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Tron
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The crypto market is looking good at the moment (the market has started to turn on its head in last 24 hours though, in red again), and transactions with Tron (TRX) have increased in the past few days. The price of TRX has been on a low at $0.035 for the past few months, but right now, the price has moved upward.

The recent surge in the price of TRX was due to the increase in the share of USDT Trading. It is important to note that Tron increased by 31% in USDT Trading share. Although there may be short-term booms due to the USDT trade on Binance and recent market trend, still now, Tron is a matured digital asset and gains can be acquired on a long run – TRX will remain at this state for a while till its network starts distributing its products.

Moving forward, Tron’s election did not occur on June 26 as it was due to the fact that Bittrex and Binance had little doubts about the stability of Tron’s mainnet – and users may have to wait a little longer till the new Tron Wallet can be used.

The Super Representative elections of Tron has begun, but it seems the election is facing a glitch. As it stands, there is no specified date to the end of Tron Super representative elections. TRX tokens have been migrated to different exchanges, but exchanges such as Binance doesn’t permit withdrawals yet as a result of maintenance.

So, Tron’s mainnet was launched on June 25. Before that date, Tron scheduled its launch to be at the end of May, but the cryptocurrency faced some issues at that time. The mainnet has been launched, but it hasn’t lived up to expectations as yet.

Due to the fact that Tron’s mainnet hasn’t produced the right outcome in the past few days, it can’t be counted in the league of the most-traded coins in the crypto sphere. Quite remarkably, it has carved a niche for itself and topped the charts for the most searched on Google – as stated by Tron’s CEO, Justin Sun on his official Twitter page.

It is necessary to note that Tron’s mainnet pledges to offer a platform for distributed apps that will be much better than EOS – we will know if the prototype can stand the test of time as the day goes by.

During Tron’s mainnet, 1 billion tokens were burned and 99 billion new TRX tokens were circulated. Also, Tron foundation will have 33 billion TRX tokens locked till 2020 to maintain its value.

Furthermore, July 31st is the day set by Tron to launch its TVM (Tron Virtual Machine), and this TVM will enable Ethereum developers to migrate their projects into it as it is faster and more efficient.

Tron (TRX) price looks attractive at the moment if you take last seven days into the account (token went in red in last 24 hours following the market trend), but the digital currency is looking for ways to keep up with the current price trend.

There are bizarre forecasts that once Tron’s ecosystem starts functioning, its price will further increase. Well, let’s hope these forecasts are accurate, but in the meantime, let’s keep our fingers crossed and see how things unfold with the cryptocurrency.

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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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