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

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Tron TRX
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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.

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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

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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