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Tron (TRX) intro to the gaming industry promises the coin great fortunes

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Just like everything in the current world, the way we transfer money across borders and how we make payments is evolving and changing. This is nothing new as this revolution process began nearly five years ago giving birth to cryptocurrencies. The development of cryptocurrencies continues every day to this very day, and even though they are not all equal; some are doing better than others.

Cryptocurrencies continue to gain acceptance in the world market as the future of money transactions, although they are in their infancy stages. They still have a long way to go before they are universally accepted as a mode of payment on a global level. As per different authentic sources, the number of virtual currencies is between 1600 to 1800 digital coins. Wow.

Tron (TRX)

Tron (TRX) is a blockchain technology that focusses in the area of entertainment and creative content with the goal of changing the internet on a universal scale. Tron (TRX) intends to carve out a decentralized content entertainment environment; it is also an open-based universal digital entertainment protocol.

A few days ago, Tron (TRX) successfully launched its new Main Net, but like other cryptocurrencies in the market, TRX has not lived up to the expectations of many. However, focusing on Tron’s value at present is being short-sighted, rather the focus should be on what Tron as a blockchain can achieve in the long-run.

At the moment, an investor is supposed to focus on the vast opportunities the Tron blockchain and its application offers to the public. There is a wide array of industries showing interest in collaborating with Tron and driving up its value. One of the industries warming up to Tron includes the Gaming Industry (of course, sports sector is not to forget).

Gaming Industry

The gaming industry is a fortune industry approximated to be a multi-billion industry that is increasingly warming up to the idea of blockchain technology, Tron being on the forefront. The reason for Tron’s adoption in the gaming industry is because it meets all the technical requirements and standards for developing complex online games in a localized environment.

For example, game developers can make use of Tron’s platform to develop games at low costs, thanks to the blockchain’s zero fees. Also, the blockchain can accommodate transaction speeds of up to 10,000, making it the perfect platform any gaming developer would like to use and broadcast their efforts on a global scale.

Tron and the Gaming Industry

Tron has been able to widen its influence to the gaming market by partnering with a supreme gaming company, Game.com, Xu Le, and BitGuild (also a blockchain-based gaming firm). These partnerships are a great starting point for Tron’s intrusion into the gaming industry increasing its possibilities of regaining proprietorship in the virtual world of gaming.

Game developers are not wasting any time utilizing Tron’s stable platform launching games that have the potential of going viral and in turn, drive up the prices of TRX. A good example is this virtual farming game that allows players to grow crops, farm animals as well as purchase farm machinery by the name Cropbyte game. In this game, all victories are paid out in actual TRX currency.

Many other games are being launched in Tron’s platform; it’s just a matter of time they will start driving up its value.

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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

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.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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