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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

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Mission Statement

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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