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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in the past decade.

During that time, TRON launched its’ TestNet and MainNet, it got supported and listed on countless exchanges, it migrated its tokens and held Super Representatives elections, and it even acquired BitTorrent, which led to its project Atlas. Earlier this year, the project launched BitTorrent token on Binance Launchpad, which was the most successful ICO in history up to that point. Not only that, but it actually managed to disrupt the platform, causing it to go down briefly, with nothing but a major demand.

The partnership and a close connection to Binance, which decided to openly support the project, brought even more attention to TRON. Meanwhile, the development of its blockchain continued, and its ecosystem saw a flood of new dApp and smart contract developers. In fact, it even managed to attract developers from other projects, such as Ethereum, EOS, and other dApp development platforms.

It also broke multiple records regarding the number of transactions, daily trading volume, and alike. China’s crypto rankings continue to move TRON up their list with each new report, and the project has hit countless new milestones, such as $1 billion in daily transactions.

It even got on the list of coins supported by the Opera browser. Then, it launched new privacy features, it continued its expansion into the gaming industry with a new partnership with SkyPeople, among others, and it recently revealed a BitTorrent file system. All of these are only the tip of the iceberg, which only serve to show that TRON is far from being all about hype, and the project sees constant progress, with massive new developments per each month.

TRON price and future

Throughout its extremely successful history, TRON did have one issue, and that is its price, which failed to reflect the project’s progress time and time again. Whenever TRON achieved a successful milestone or announced a new partnership, project, update, or anything else — all eyes were on its price, which usually fails to react.

It did react in some instances, but not very often, and it still sits quite low compared to the heights many believe it should have seen by now. It is currently still struggling to enter the top 10 largest cryptocurrencies list, after being pushed out when Bitcoin SV re-emerged a few weeks ago. However, even while it is off the list, currently sitting at 11th spot, it still has a massive $2.43 billion market cap, which only shows how well the market is doing, compared to the year before.

With constant progress, new plans and updates, partnerships and projects — TRON is bound to see a surge sooner or later, and many believe that it might come quite soon. June is likely to see some positive movement of the price, as Justin Sun recently announced that ‘something amazing’ is coming. With that in mind, keeping a close eye on TRON in weeks to come is likely a good idea, as the crypto space still remains highly volatile, and you never know when the next major surge might unexpectedly hit.

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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