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.
— Justin Sun (@justinsuntron) April 7, 2018
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.
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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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STEEMIT Running Out Of STEAM?
Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.
If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees like…
The Three Biggest Problems with Crypto
In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?
However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.
Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.
We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:
Is Crypto a Bubble?
A lot of people are wondering if the whole crypto phenomenon is nothing else but a bubble. We’d say it would be a fair question except that these people asking it have been skeptics from the very beginning, so they’re not really assessing the market on its own right and performance but just singing the same old song.
We believe that the current market conditions do not justify the notion of crypto as a bubble and we’ll explain to you why.
First, we start by reviewing a bit of market dynamics. Every market, every asset, every currency develops in cycles that repeat over time. Each cycle is comprised of four different stages called “phases”:
It all starts at Stealth. A new stock, asset, or cryptocurrency hits the market. Nobody knows anything about it so nobody pays any attention to it or tries to buy it. The price is slow and it stays very much the same until the market becomes aware it’s there. Hence the name for the following phase.
As the market realizes this new thing exists it starts to pay attention to it and to buy it, so it takes off, the price rises steadily until it faces its first sell-off. The price drops a little. Then something else happens. The media pays, at last, attention to this hypothetical coin…
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