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

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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

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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