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Tron (TRX) may recover its bull run as 26th of June passes - Global Coin Report
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Tron (TRX) may recover its bull run as 26th of June passes

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Tron TRX
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Tron’s popularity continues its rise, this time with the expectations of the upcoming Super Representative elections that will make the construction of self-governed community possible for the token. As it was expected, this milestone has generated a large number of assumptions among which there is the possibility of recovering the bullish performance after the deployment of the elections.

As we know, Tron (TRX) has been working incessantly on building up solid relationships with the most remarkable institutions of the finance sector, and this is precisely one of the things that may be interfering on the price recovery after elections on June 26.

The most recent achievement of the token has been the collaboration with the well-known exchange Binance, a network that besides offering support for the token after the migration on June 24th, also listed the coin with a new pair that may boost the liquidity of TRX, the TRX/USDT pair.

The Likelihood of Tron’s Climb

The strategic alliance with Binance has definitely incredible chances of giving the TRX token a power to unlink from BTC, and as a result, this may have repercussions on the price of the coin. Let’s recall that Binance possesses the bulkiest wallet in the world, offering Tether as a coin option, which of course, with the upcoming availability of the TRX/USDT pair give the Tron’s future a very bright look.

As a matter of fact, Bitcoin has a significant influence on other coins of the market since most of the transactions are primarily made using BTC, a fact that of course benefits the leader of the market. In this sense, BTC still has a great control over the Tron’s token TRX, but as it seems this may be changing soon with the help of USDT, which has expanded its share up to 18%.

Nevertheless, when it comes to coin’s behaviors, both Tron (TRX) and EOS are actually the tokens that despite the drops of the leader BTC, shows a strong resilience in the recent times (not this time, though). The concern that remains then is that the USDT pair may be adding artificially increased value to the coin later, which is something Tron still needs to solve.

At the moment of writing, Tron (TRX) occupies the number 10th position on the market, with a value per coin of $0.04365, and a 26.79% of the decrease in the last seven days, a number that proves how the token is suffering the dips of the sector. The coin is in green if we talk about the last 24 hours, though.

The Super Representative Elections

Tron has managed to make the elections a milestone to remember. In this case, the crypto has built a voting process based on its wallet with a perceptive and straightforward operation process. The big challenge will remain of freezing the TRX tokens of all of the exchanges and wallets out there completely, a fact because of which the company is thinking of building a wallet that can do both the freezing of the tokens and the allowance of the voting.

Despite the difficulties on this task, the company managed to include the TRX asset in the hardware storage, an achievement that even granted the Tron team with an open congratulation message from the Ledger team. Another reason why Tron might get on the bull run after June 26 is, its Main Net is still in beta and will settle on June 25th.

The migration of ERC20 TRX to Tron’s native Mainnet is scheduled to happen between June 21st to June 25th. As the Main Net, Odyssey 2.0, settles down, the community’s confidence in the project will affirm too. Like this, it is expected that the project gets spread to many more investors after 26th of June.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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