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Tron (TRX): A massive price spike is imminent

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Tron (TRX) is fighting to pull itself up from the price deprecation it encountered for some time as it trails other cryptocurrencies. Currently, the market is performing dismally swimming in the red sea (again) as virtual currencies recording trading lows that can only be compared to the lows of October and September 2017.

The cryptocurrency selloff that began in the first days of August has gone viral and looks unstoppable. Going by last weekends trading, the market showed signs of recovery with the consolidation of the losses that had been encountered. However, virtual assets took yet another fall this week and the better part of trading on Tuesday 14.

For instance, Ripple (XRP) declined 3.77 percent to trade at 0.26 US dollars early this week with Ethereum (ETH) prices falling below the 300 US dollar mark to find a new support level at 250 US dollars.

Bitcoin Cash was also not spared, as it fell to exchange below the 500 US dollar mark to exchange at 497 US dollars. Bitcoin Cash now embraces a new support level of 480 US dollars. This negative market trend reflects on a majority of virtual coins and altcoins in the crypto ecosystem.

However, for the prices of any virtual currency to skyrocket, it needs to increase its circulation in the market and Tron (TRX) has been doing a great job in putting itself out there increasing its chances of real-life usage. And following the current trends Tron (TRX) has been showing, it is safe to say that the digital coin is going to experience a significant price surge shortly.

But what are some of the factors that might lead to Tron’s upwards movement, you might ask. The following are some of the reasons we think might positively impact the virtual currency in the coming few days, weeks, and months.

The Acquisition of BitTorrent

Early this month, the crypto community woke up to the news that Tron (TRX) had successfully obtained BitTorrent plus the positive launch of its mainnet platform aiding in increasing the coins transaction volumes. The move according to many shows Tron’s positive maturity although recent price movements are yet to reflect this good news.

BitTorrent continues to offer high-quality peer-to-peer services to over 100 million customers all over the world as the acquisition of the company was aligned with Tron’s mission of decentralizing the internet.

The challenge remains that BitTorrent mostly deals with pirated contents and its users are used to using BitTorrent’s services for free. How Tron intends to profit from this remains unclear. But one thing is certain, if Tron manages to take advantage of 100 million users of BitTorrent, its price might hit the tallest mountain in our world if not the moon.

Tron’s Acquisition of BlockChain.org

Following the purchase of BitTorrent, Tron (TRX) went ahead to acquire, Blockchain.org, a top-level domain name that many consider as one of the significant acquisitions ever made in the blockchain industry.

And the plans Tron intends to do with the domain name is to make it a decentralized Google for the crypto community members and the entire blockchain industry as the default search engines usually lack complete information about the industry.

Tron will not benefit from this venture in any direct monetary way as the project is categorized as a non-profit venture, but it will surely have some indirect positive influence in its prices as it will assist in increasing consumer confidence in Tron (TRX) as a blockchain and a currency.

Consequently, the above two are just a couple of reasons among many to believe we could witness a huge Tron (TRX) price surge in the near future. Of course, for that to happen, the market needs to have a nice rally, as well as Tron, needs to make use of its user-base in a way that turns the table for the cryptocurrency.

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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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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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Altcoins

How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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