A token that has become a household among the crypto sphere is without a doubt Tron (TRX). This virtual coin is taking one of the most solid steps of the industry to provide better features to its users each time and to fully become a solution for many of the problems the sector has been dealing with.
Even though the market has been struggling in the last couple of weeks, even being in red numbers at the moment, Tron (TRX) is showing its commitment to improve and overcome the current situation of the crypto industry. In fact, it all seems like it’s paying off, as the coin has been able to recover from the common dip of the market, and has shown consistent prices against the US dollar in the last days and some other popular coins in the sector such as Bitcoin (BTC).
Tron is currently developing a lot of connections and benefits for its whole community, and as it seems, this may bring in a massive success for those who hold the token. Let’s see how it goes!
The awaited launch of the MainNet
For so long, we have heard that Tron was building a platform for dApp users to be able to migrate from the ERC-20 protocol based on Ethereum. Well, this is actually a reality now, we have come to the well-acclaimed launch of the MainNet, finally.
It is expected that with this launch, the community enjoys a more friendly-user platform and better structure. The MainNet will represent a solution for the many issues reported in the Ethereum protocol, a fact that surely will have incredible repercussions for both users and investors. As expected, the pro-active crypto project has more exciting events in its pipeline already.
Other developments Tron has been working on
Most of the improvements Tron has made have centered in the MainNet. However, Tron plans and has already started to deploy corrections for the three of its pillars, the structure, the consensus protocol, and the primary wallet.
One of the most renowned issues among the Tron community involved the Tron RCP front. In this matter, the company managed to solve the problems without even affecting the operations of the token. Many of the bugs have been already resolved, and Tron deploys technical tests very often to check everything’s ok, and the system is free of potential threats.
— Justin Sun (@justinsuntron) May 30, 2018
The same way, with respect to the consensus protocol the company already set an optimization, and as it seems everything will work correctly with the token swaps in the latest launch of the MainNet. As far as the bugs noted recently, the company is already worked on a solution and resolved them all before the time of the launch.
Another development right on track at the moment is the optimization of the Tron wallet verification. Tests are regularly deployed to check the right handle of the validity of contracts.
Partnerships and behavior of TRON (TRX)
Despite the bearish performance of the whole market, Tron (TRX) has managed to stay afloat. In fact, at the moment of writing the token is listed by coinmarketcap as the number 10 in the rank, with a value per coin of $0.061 and a market cap of $4,074,219,809.
In addition, Tron is currently building amazing connections among the industry, being able to collaborate recently with the giants vSport and Hydro Protocols, and that’s not the best, the company is also getting lots of attention from several exchanges of the crypto sphere, including Binance, BitHumb, DragonX, Liqui, and RightBTC.
Tron (TRX) is ready to hit the sky as the MainNet is already here. Besides building up great bridges, the company is getting a lot of attention among exchanges which is an amazing thing in terms of validation. The same way, it is expected that at least a 100 million of dApp users previously registered on the ERC-20 protocol migrate to Tron’s blockchain, a fact that without a doubt will boost the prices of the coin.
If you are a holder of the token, the main recommendation is to keep the coin; you may actually be surprised with the results coming next.
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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.
Image courtesy of Pxhere.com
3 Coins with the Largest Potential in 2019
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.
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.
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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)
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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
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