Connect with us

Blogs

Tron (TRX) on the edge of a breakout, responds to critics

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

Tron is no doubt creating a thrill and widespread notice in the cryptocurrency ecosystem. The digital coin is steadily making moves and increasing in value with each partnership it is onboarding in its already long portfolio.

Tron (TRX) is a platform that was launched in 2017, and it intends on using blockchain technology in building and storing entertainment applications and content allowing users to use smart contracts that are accepted on their blockchain. One of the major advantages of Tron and its platform is that it allows users to publish their data and content easily with little restrictions nurturing their growth and the growth of the media and entertainment industry.

Although there are no major visible implementations that have been witnessed, Tron (TRX) recently successfully launched their new Main Net, Odyssey 2.0. Even after the main net launch, Tron has continued to experience considerable price instability.

Apart from being a global no-cost content and entertainment platform, Tron (TRX) is also an investment asset that has many applications associated with it. Tronix or TRX is its cryptocurrency coin.  Many virtual currency analysts are discussing the probabilities of Tron (TRX) being a viable investment for individuals as well as corporations.

Reasons Why Tron might be on the Edge of a Breakout

We have all watched in disbelief as Tron (TRX) prices refuse to leave the red zone even after the much-hyped Main Net launch. Before the May 31st launch, many cryptocurrency enthusiasts together with the TRX community kept hoping and speculating that the virtual currency’s price would surge.

Well, at the moment, this is yet to happen. To some who could not predict the future, the main net launch was just an overhyped project that could have been responsible for pushing some holders into panic and selling off their digital coins. Many holders sold off their holding after seeing the coin wasn’t making much headway in regards to value and price. But Tron is not the only cryptocurrency to be a victim of this trend as the general markets are now struggling to rise from the market price slump that was experienced early this year.

Regardless of the negative outcomes, Tron still prides itself on having a strong market presence. Currently, the digital coin is ranked position 10th on the market and sells at about $0.05 against the dollar.  Even though it hasn’t shown great movements in the past seven days or 24 hours, the virtual currency remains to be the favorite coin in the top 10 market. In the last 30 days, Tron has more than 65 billion TRX in circulation and an average of $350 million trade volume per day.

Also, Tron continues to spread its tentacles in the market by gaining more listings on exchanges. At the moment, TRX has about 100 pairings going by announcements made by none other but Tron CEO, Justin Sun. The coin is gaining traction with each day that passes providing accessibility and driving demand. Tron (TRX) was recently included on platforms that include BitForex, OTCBTC, ShiftMarkets, and CoinEx.

By increasing its visibility, Tron is surely ready for the next level that could propel it to great prices and valuation.

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release