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TRON (TRX) Increases its Trading While Waiting for the Launch of MainNet

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Tron
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A recent market crash has affected many cryptocurrencies, and Tron (TRX) suffered a great deal as well. However, recent development shows that this crypto might be getting back on track.

A major crypto market crash was suffered by the majority of cryptocurrencies at the beginning of 2018. When all cryptos are put together, more than 50% of the total capitalization of this market was lost. Tron (TRX) has had an especially hard time during this period. However, after the eight long weeks, there seemed to have come a relatively good rebound period.

Unfortunately, this too was interrupted by a great selloff that lasted a few days. This selloff once again damaged the market quite a bit, but it too came to an end. Yet another period of recovery followed, and this is when Tron finally got its chance to shine.

Tron is back

Tron (TRX) is currently seen as the 10th best crypto when it comes to the global list of token ranking. However, its biggest rise so far was only seen after all of the Justin Sun’s efforts were made, which helped Tron for the first time since it originally appeared as an ICO. Last week brought a lot of success to this crypto, and TRX has officially become the #1 digital asset, globally. Github recorded the greatest amount of commits that all went to TRX.

Additionally, it also became the most popular token in Twitter discussions, and the entire platform was talking about it on April 26, when TRX experienced a major rise. In order to display its market dominance, Tron started rising, and at the same time, collecting a lot of gains. In fact, the only crypto in the top 30 that has had larger gains than TRX was EOS.

Even so, this has not diminished Tron’s return, and it collected 46.64% within a single week. Even the last 24 hours alone saw another increase of 3.94% against the US dollar. The sudden increase is amazing, and it is believed that this development came due to the fact that Tron’s MainNet is soon expected to launch.

Tron’s MainNet

Right now, TRX is seen as an ERC20 coin. However, this is expected to change really soon, since Tron plans the launch of its MainNet, which will turn it into a native asset.

The launch is expected to happen on May 31, but the full TRX migration probably will not be completed before June 21. This is also the date when the MainNet is expected to be officially open and ready for everyone to use.

As a sign of appreciation for all of Ethereum’s support in their time of need, the representatives of TRX have decided to make an airdrop. Original airdrop happened last week, which was at the same time when TRX saw a massive increase in its market value. The number of units that this crypto released to Ethereum’s community included 30 million.

Tron on the crypto market

It is not easy to make such a comeback, but Tron still managed to do it. Not only that, but it also collected almost 50% of gains against the US dollar. In the process, it also managed to retrieve its rank of 10th best crypto.

It is currently still traded in the green, but the gains are already significantly lower than they were during the last week. It is currently trading against ETH and BTC, but it still managed to go up against the dollar, and up to 3.94% at that. As for BTC and ETH, during the last 24 hours, it went up to 4.72% and 4.88%, respectively.

The current price of trone is at about $0.085 per piece, which is a significant increase from the $0.050, which was its price only several days before. However, this is still not this currency’s peak, which was reached in January and had a value of $0.25. If all goes well, the launch of MainNet might see this record shattered and replaced with a new, much higher one.

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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 Philipp Medicus via Flickr

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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