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Here Is How Tron (TRX) Is Headed for a Top 5 Finish Thanks to 150 Million Active BitTorrent Users

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Tron
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In a letter to the Tron (TRX) community, Justin Sun confirmed earlier reports that the Tron Foundation had acquired the popular file-sharing platform known as BitTorrent. This was however not a surprise for many crypto-enthusiasts had noticed that the file-sharing platform was an integral part of the Tron’s whitepaper having been referenced 8 times.

In the announcement, Justin stated the following:

“I am proud to officially announce that TRON has successfully acquired BitTorrent and all BitTorrent products. From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world.”

With this acquisition, the Tron ecosystem automatically adds the 150 Million active BitTorrent users around the globe. The platform was at one time responsible for 40% of the total global internet traffic. BitTorrent was the pioneer decentralized platform that gave back power to the users of the internet rather than in the hands of a few corporations. In this sense, both BitTorrent and Tron make a world-class team to further decentralize the web.

So how will Tron (TRX) become a top 5 coin thanks to BitTorrent?

The number of active users on BitTorrent number 150 Million with 15 – 27 Million using the platform at any one time. The total number of monthly users may be estimated at more than 250 Million. A lot of individuals and organizations use the network to distribute their own licensed work.

With this numbers, one can postulate that the owners of the content will probably want to earn from it. This means that once the two platforms are integrated, TRX will be the currency for payment of that content. Imagine sponsoring a few extra episodes of Game of Thrones with a new plot twist using your TRX. With decentralization, viewers can vote on what idea or content should be on the next episode. Voting will require some TRX, right? This means the greatest fans will stock up on TRX to have the ability to stake more coins for voting.

It is with such activities of voting for content, or even paying for someone’s licensed work, that TRX will be used as a medium of exchange. This means that each of the 150 Million active users of BitTorrent will be out looking for TRX driving up demand. With demand comes an increase in the price of TRX to the much awaited $1.

A $1 TRX means that its market capitalization will get to $65.75 Billion and placing it well above Ethereum to take the number 2 slot on coinmarketcap.com. Even a $0.50 TRX value will place it above XRP with a market capitalization of $32.875 Billion.

In conclusion, the 150 Million active BitTorrent users who will be added to the Tron ecosystem will be key in driving up the demand for the digital asset as outlined above. This will, in turn, enable TRX to dethrone a few of our other favorite coins on the way to the top.

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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.

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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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crypto credit cards
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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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