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

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite