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TRON (TRX) HODLers Wish for a Better World

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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.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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