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3 reasons why Tron (TRX) is on the brink for a big bull run

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Justin Sun, the CEO of Tron, has shown to be resilient in the quest to make Tron one of the biggest cryptocurrencies in the cryptosphere in no time. Tron is currently priced at $0.03363 (the token increased in value by more than 5% in last 24 hours) with a market cap of $2.2 Billion at the time of writing this article. However, even though the market has been unfavorable for the past few months, Tron (TRX) is all set for a dominant bull run, and this is the right time for investors to invest in it.

Tron is a decentralized network that aims to change the entertainment world. The digital asset makes use of Peer-2-Peer and blockchain technology to share and receive contents via it. Additionally, Tron permits its users to store, publish, and own data to distribute contents. Most crypto enthusiasts believe that Tron is the future of the entertainment industry, and for some valid reasons (I am going to shed the light on them in this post).

Tron has also partnered with top companies in the world such as Peiwo, Obike, Giro, and the likes. The Tron Foundation aims to decentralize the internet in which its projected type of internet (Web 4.0) will permit anyone to freely create and share contents and applications without the use of ‘middlemen’ such as YouTube, Facebook, etc.

Tron’s breakout is looming, and investors need to start looking at the positive sides. The RSI seems oversold, but recently, it created a bullish divergence about a week ago. This shows that there is a possible reversal. The MACD formed a bullish divergence, though, it moved down again – but analyses indicate that it won’t last long.

Top exchanges resume TRX deposit And Withdrawal

One reason why Tron is on the path for a bull run is that top exchanges have commenced the deposit and withdrawal of TRX. A large number of exchanges have acknowledged supporting Tron’s migration by resuming TRX deposit and withdrawal.

Most exchanges have upgraded to Tron’s mainnet and have commenced TRX transactions as of July 12. The major exchanges that have resumed TRX transactions are, Bjex, Bitforex, Binance, Bitpie, Bittrex, CoinEgg, Cobo, Coinfalcon, Coinnest, Gate.io, Hitbtc, Huobi, Max Exchange, OKEx, and Upbit.

Tron’s potential partnership with Twitter

Besides Tron’s collaboration with Bitman, oBike, Zag, PornHub, Game.com, vSport, etc., a tweet by Sun on his official Twitter page indicates a potential partnership with Twitter:

Twitter has visited TRON office today! Very exciting!”

Following Tron’s mainnet launch last month, Sun’s tweet has sparked lots of speculations in the crypto sphere – as it appears, Tron seems to be creating new partnerships every day.

Some rumors lately state that Tron may partner with Alibaba – but before this, a collaboration between FX brokers Shiftmarkets has already begun.

However, an undisclosed notice has been scheduled to be announced on July 30th. As a result of this, lots of investors are anticipating, and Sun’s recent tweet may have ignited some upcoming speculations.

Tron’s Virtual Machine

Another feature that will change things for Tron and set it on the brink of a bull run is the way the digital asset aims to represent the developers of the sector. However, this aspect is one thing Tron has been taking care of through its blockchain; the launch of Tron’s VM (Virtual Machine) will occur on July 31st.

Conclusion

Despite current TRX price in the market, the digital asset has been forecasted to be among the top cryptos very soon. Consequently, the 11th top cryptocurrency in the market, Tron, is on the brink for a bull run due to its solid foundation, partnerships, and definite purpose. In the meantime, relax and see how things unfold.

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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.

Image courtesy of Maxpixel.net

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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