Tron (TRX) heads towards the moon, literally - Global Coin Report
Connect with us

Currency Market

Tron (TRX) heads towards the moon, literally



Tron heads towards moon

There’s a phrase that’s become widely popular in the cryptocurrency world over the last few weeks. To the Moon. If you’ve read any cryptocurrency news at all, you must have found it several times already. Reddit, Twitter, Telegram, you name it, it’s all over the place. It’s becoming a crypto-cliché.

The phrase refers to a cryptocurrency or token that’s been doing great, growing in value very quickly, just in the way that a rocket in the Apollo era acquired enough momentum to reach the moon during the 1960’s and 1970’s. Apollo’s poster boy was, of course, Neil Armstrong, the first human to ever walk on the Moon. Upon taking that first step on the lunar soil, he said “One small step for man, one giant leap for mankind.”

Now that you have the context, I have to tell you this: Tron (TRX) might just be actually headed to the moon. The kind of success they’ve had so far can only be described as being out of this world. (And this is where you include laser lights and sci-fi music).

Just very recently (on April 5th, 2018) the currency was still surrounded by fear, uncertainty, and doubt. Traders were not taking it seriously despite Justin Sun’s very vocal and clear plans announced by himself and the Tron foundation. But now its current value is at $0.09087, which is a 235% increase in fewer than thirty days.

Tron’s fans believe this is nothing but the beginning and that the currency’s action will be even more spectacular in weeks, and months to come. Tron’s MainNet (which will be the firm’s network) will be released on May 31st, and Tron is saving no expense to make it spectacular and creating anticipation. The countdown feature at the firm’s site is reminiscent of the NASA countdowns that have been made famous by Hollywood movies.

If Tron can keep its momentum going forward from now until May 31st, it will continue going up (reaching the Moon, probably) and it will go as high as it did last January 5th, when it reached $0.2879 in value. It would seem that the best move right now would be for you to hold on to your Tron tokens if you already have them or to buy them if you don’t own any already.

Current projections place TRX’s value beyond $0.50 by next June. Just go for it right now, while it’s still cheap.

For the latest cryptocurrency news, join our Telegram!

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 Pexels


The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry




Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

Continue Reading


Can Libra help the crypto industry to reach new heights?



Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.

The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

Continue Reading


Why Blockchain Projects Keep Failing




If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

Continue Reading

Press Release