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Tron (TRX) HODLers Number 1.08 Million as Binance Supports Token Migration

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The second quarter of 2018 is a beehive of activity for the crypto-verse with a handful of projects showing tremendous progress in terms of releasing their MainNet versions of their blockchains. Tron (TRX) tops the list with its MainNet launch scheduled for the 31st of May which is less than three weeks away. As a matter of fact, there is an official countdown on the Tron Website specifically tailored for the MainNet launch. It currently reads 20 days 13 hours and 10 minutes at the moment of writing this.

This launch has been anticipated by the entire Tron Community that was revealed by Justin Sun, to number 1.08 Million enthusiastic HODLers. In the May 9th tweet, Justin said the following:

#TRON Good news for us, by the time of 2018 May 9(UTC+8), the Holders of #TRX $TRX exceeded 1.08 million, let’s keep moving

And indeed the Tron project is moving. The most recent exchange to be announced as supporting the token migration that starts on the 21st of June is Binance. The announcement was made on the Binance twitter page and had this to say about the migration.

#Binance Will Support #Tron $TRX MainNet Token Swap. When the swap occurs, we will handle all technical requirements involved for all users holding #TRX.

The major take away from the Tron token migration event is that all the owners have to do, is transfer their tokens to an exchange that supports the migration. When in the exchange, everything will be automatic starting June 21st to June 25th. HODLers have up until the 24th of the same month to transfer their tokens to an exchange. The other option is to wait till after the event, for the Tron foundation to announce a permanent token-exchange counter to do the token migration at a later date.

Other notable exchanges that will support the migration include Bitfinex and Bittrex. Bitfinex only added the token on its exchange on the 24th of January together with 6 other tokens. TRX is now tradable on Bitfinex against Bitcoin (BTC), Ethereum (ETH) and the USD.

The current market analysis puts TRX at a value of $0.08 and up less than a percent in the last 24 hours. The token has maintained the number 10 position and seems to have marked its permanent entry into the big leagues of coins and tokens on coinmarketcap.com. TRX had recently grabbed the number 9 spot from IOTA only to lose it when the latter made several announcements including partnerships with German startup AutoBahn, Porsche and having the Chief Digital Officer (CDO) of Schindler joining its project advisory board.

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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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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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