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TRON (TRX) is Making Its Way into the Gaming Industry

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As the market was falling down, with the market deep ending with the last week, TRON had something to look forward to. With a brand new partnership announced during the previous week, TRON is potentially looking towards having its value priced more in the market, which could on the long run help this currency blossom, slowly being recovered from the massive drop. Let’s see with whom TRON partnered up and what hidden potential does that partnership hold.

TRON and BitGuild

BitGuild is a gaming platform with thousands of users around the globe, but don’t be mistaken thinking BitGuild is just another average gaming platform as this network is far from having a traditional way of hosting a great number of users.

BitGuild is actually based on blockchain technology and unlike traditional gaming platforms; this platform has a unique plan for solving numerous various issues revolving around gaming companies and users. The platform is, of course, decentralized given the fact that it is operating on blockchain technology and as of March 16th, BitGuild released their own ICO under the ticker PLAT. PLAT will be available for token sale for the next 13 days until the end date of sale which will occur on April 5th.

BitGuild’s own CEO, Jared Psigoda, has announced a partnership with TRON in his statement given during the last week.

What BitGuild is planning on doing is to release and enable a whole new way of gaming, which will also provide a unique gaming experience. The tokens they have released on token sale in form of coin offerings will be used as ERC20 tokens on Ethereum. The purpose of BitGuild’s PLAT tokens will be purchasing in-game items.

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The general idea behind this platform is to enable players to hold “shares” over their gaming items. So, that basically means that items you would own in a game would be owned by you in real life as well thanks to the blockchain technology. Moreover, that means that in case you have collected certain items while you were playing a game on BitGuild gaming platform, those collected items could be monetized in form of PLAT, so those items wouldn’t belong to developers of the game, it would belong to the gamer collecting the items.

There will be PLAT wallets, so all monetized values could be kept safe in form of PLAT. After establishing ownership through smart contracts, the owner can decide what to do with his valuables – whether to sell it, keep it, exchange it or use it in another game.

To make this system functional and among everything extremely reliable, BitGuild will have to start from scratch, building a unique set of games that would enable this sort of interaction.

That is how BitGuild’s CEO came to the idea of forming a partnership with TRON because as stressed out by BG’s CEO, blockchain technology will allow the gaming industry to embrace improvements and eventually evolve.

As BitGuild’s blockchain technology will allow users to own the items earned through playing games that will be specially designed for this occasion, this gaming platform will also focus on gaming companies and game developers, allowing them to still hold authority over their intellectual property, in this case, their own game and everything included.

That means that if a game developer of a game you are playing all of a sudden decides to ban you from the game under their ownership and development then you would lose all items related to the game that you have earned by far.

The main reason why BitGuild has decided to go into the partnership with TRON is a product of a long-time observation where BitGuild’s team had a chance of confirming that TRON has one of the most notable and engaging communities in the entire gaming industry.

Also, thanks to the partnership with TRON, all BitGuild gaming platform users that also own TRX should have special access to exclusive games with limited editions that would be enabled for playing and purchase on BitGuild.

Having that said, BG’s CEO also added that gamers around d the globe are usually the ones who would embrace new technological improvements pretty quickly and be the first in the line about it, so partnered up with TRON, both TRX and BitGuild could benefit greatly and change the map of the gaming industry together, hand in hand with blockchain technology.

How is TRON doing at the Current Moment?

Although there are no major signs of improvements in the price, TRX is somehow hovering around the value of 0.03$ per one unit.

After the latest change in the market that occurred in the last 24 hours, TRX dropped by -0.69% against the dollar.

However, given the fact that the drop wasn‘t significantly high, leading TRX to a new low, TRX traded up against BTC and ETH by 3.14% and 3.96%, which means that observed from another point of view, TRX is still trading in the green in a way.

TRON can currently be bought at the price of 0.035$ per one unit, which makes it a perfect investment for all crypto enthusiasts who are looking for neat bulk investments and gamers alike.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Toshiyuki IMAI via Flickr

Altcoins

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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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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