Connect with us

Blogs

TRON (TRX) HODLers Wish for a Better World

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

An interesting survey released on Twitter by TRON’s (TRX) founder, Justin Sun, shows that the large majority of this crypto’s holders are investing in order to help bring forth the better world. The survey’s origins are unknown, but the results are clear. Additionally, the deadline for the migration of TRX tokens approaches, and coin holders should ensure that their tokens will be included in the switch.

TRX investors wish for a better world

A new tweet by Justin Sun, the founder of TRON (TRX) cryptocurrency, which was published yesterday shows the results of an interesting survey. Sun seems to be extremely proud of the survey’s results, which indicate that up to 42% of the TRON investors are putting their money and faith in this crypto in order to help create a better world.

The survey results that are a part of this tweet are showing two sets of tables. The first one shows the results of the overall analysis, while the second one only shows the votes of TRON token holders. The overall results are believed to represent the views of the holders of other cryptocurrencies, while the other one is, as mentioned, specific to TRONIX Enthusiasts.

According to the second part of the results, the majority of those who are investing in TRX have admitted to doing so in order to create a better world. Additionally, there is around 10% of those who stated that they are only in it to make a profit. The origin of the survey was not disclosed, however.

TRX token migration deadline approaches

There is only a little more than a week left before TRON coins leave their current home at Ethereum’s network, and move to TRON’s new blockchain. The move will mean that the tokens will no more identify as ERC-20 tokens, but will instead become the true TRON coins. The shift will happen in four days, between June 21 and June 25, which means that there is only a week left for TRX holders to move their coins and deposit them in one of the exchanges that are supporting the migration.

There are currently around 26 exchanges that can help TRON with transferring the coins to the new blockchain, and as long as the coins are stored in one of them, the entire process will be one automatically. If token holders miss this opportunity, they will have to wait for the next migration, which will probably happen, but it is currently unknown when this might occur. Manual migration will not be possible, which is why this opportunity should not be passed.

Still, an interesting thing regarding the exchanges that are supporting the migration is that some of the big names are noticeably absent from the list. Coinspot and HitBTC are two of them, which were expected to join the migration, but have failed to do so as of yet. It is probably safe to assume that they will not be joining the process, which means that those who have TRX tokens stored in these exchanges would do well to move them to one of the others.

TRON’s price is not rising, despite everything

Another interesting thing regarding this crypto is that its price, which was expected to skyrocket after the launch of the MainNet, failed to deliver on these expectations. Not only did it not go up, it actually continued to drop, and it actually lost over 13% in the last 24 hours alone, and up to 27% in the last week.

This came as a surprise to many, especially considering how well TRON was doing in the last two weeks on every other front. It managed to successfully launch its MainNet, it entered multiple partnerships, and now it is moving its tokens to a new blockchain. Still, the price is moving in the opposite direction than expected. The only thing left to see now is how the price will react on the migration itself, which might be just what it needed to improve the confidence in the success of the newest development regarding this crypto.

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

Blogs

We know what the Institutions are saying, but what are they doing?

Published

on

institutions
READ LATER - DOWNLOAD THIS POST AS PDF

Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

Continue Reading

Blogs

Why Is Coinbase Stalling With XRP?

Published

on

Coinbase
READ LATER - DOWNLOAD THIS POST AS PDF

For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

Continue Reading

Blogs

Why 2019 Will Be A Big Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

Continue Reading

Elite