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Tron (TRX) heads towards the moon, literally

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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.

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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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12 Peers Capital Markets Purchases DigitalBits XDB Token

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12 Peers Capital Markets , a broker-dealer and capital markets firm has announced its support for DigitalBits, a blockchain protocol focused on consumer digital assets such as loyalty points, rewards, and branded stablecoins.  The traditional market brokerage firm has purchased the DigitalBits XDB token, after recently announcing “a new found investment thesis focused on identifying blockchain projects that improve efficiencies across global markets,” it said in today’s announcement.

DigitalBits is an enterprise-grade blockchain protocol for supporting consumer digital assets, specifically branded currencies.  The company believes that branded currencies play an integral role in driving consumer behavior, but many of these programs are dated by today’s technological standards.  “These limitations have stifled value transfer, resulting in the accumulation of large amounts of idle capital – in 2017 US corporations held in excess of $100 billion in unused points liability,” the DigitalBits experts explain.  

The DigitalBits blockchain supports tokenization of existing and new consumer digital assets.  The XDB Foundation, which was formed earlier this year, is a neutral agnostic non-profit organization to enhance the DigitalBits blockchain and ecosystem, engage partnerships and building a robust ecosystem for users. Commenting on the 12 Peers Capital Market announcement, XDB Foundation’s Managing Director Michael Gord said that it is great to see traditional firms show interest in blockchain technology. …

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AllianceBlock Completes TGE, Lists ALBT Token on Uniswap

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Big day for the Dutch-based AllianceBlock project today. After more than two years in development, the stealth mode is finally off.  AllianceBlock announced its completion of the Token Generation Event (TGE) . The newly generated AllianceBlock token (ALBT) was also instantly available on Uniswap – an automated liquidity protocol that has been gaining traction recently. Unlike centralized and most decentralized exchanges that match buy and sell orders to determine prices and execute trades, Uniswap uses a simple math equation and token pools, plus ETH to execute trades.

AllianceBlock Uniswap
 

Just weeks ago AllianceBlock reported wrapping up its private sale, which was 1,200% oversubscribed and helped raise $0.5 million. The next step for AllianceBlock is coding the platform and expanding the ecosystem.  The team is gearing up for the mainnet launch, which is set for the second quarter of 2021. The AllianceBlock platform is based on the Prometheus Protocol, which is a multi-layered architecture designed to solve some of the biggest problems of the traditional finance (TradFi) industry while funneling potentially trillions of dollars of traditional capital into the DeFi industry, the company says.

AllianceBlock is raising the bar high – it is building a “globally compliant decentralized capital market” by utilizing a blend of several decentralized technologies. To help bridge traditional markets and DeFi, the company is focusing on three cornerstone issues — compliance, security, and user experience, which are…

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Could The Rise of Yearn Finance Harm the Long Term Viability of Bitcoin?

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Cryptocurrency

Even in the highly unpredictable world of crypto, 2020 has made for an exceptionally volatile year so far. 

The summer months have been punctuated the unprecedented rise of the decentralized finance (DeFi) movement followed by heavy falls across the cryptocurrency landscape. 

The jewel in the crown of DeFi, yearn.finance, was catapulted to values upwards of $38,300, and a market cap of over $1.1 billion just months after its launch. Backed by advanced and practical DeFi applications like smart contracts and blockchain-based insurance, DeFi tokens like YFI are supported by exciting and tangible technology.

Given their advanced frameworks, could this mean that the DeFi boom for yEarn and its counterparts will harm the long term viability of more speculative traditional cryptocurrencies like Bitcoin? Or could the world’s oldest and most famous cryptocurrency push back against the brave new world of decentralized finance?

Why Yearn.Finance is Different

YFI is certainly a cryptocurrency with a difference. Writing for Forbes, Joseph Young has attributed the rise of Yearn.Finance to four major components: a unique supply, an active community, a respected developer, and innovative products. 

Significantly, yearn.finance developer, Andrew Cronje, rebranded and relaunched yearn.finance with a suite of new and cutting-edge products. He also released YFI with no premine, a significantly limited supply of just 30,000 tokens, and no founder reward. 

These factors made the…

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