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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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