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Tron (TRX) on the path of a bull run before the end of Q2?

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With the long expected and much hyped Tron Main Net being launched magnificently by the CEO himself, Justin Sun, several days ago, many TRX holders are growing impatient with the digital coin’s dismal price performance. In the lead up to the Main Net launch, the Tron community kept hope alive, predicting the cryptocurrency’s price was going to improve immediately after the launch.

Unfortunately, this is yet to happen; the prices are still in the red zone (if you talk about last seven days collectively). At the moment, the new Main Net, Odyssey 2.0, is still in its initial stage with testing for bugs and any code errors taking the largest share of attention. As a result of this, the bug bounty for anyone who successfully locates and reports a major bug in the system was recently raised to a whopping $100,000 payout.

This is mostly in a bid to strengthen the system from any future attacks or failures by detecting any vulnerabilities before the system goes completely mainstream.

So, what’s Tron’s performance now?

At present, Tron is being valued at $0.058, a 3.38% decline in last seven days.

In general, Tron like other cryptocurrencies in the market experienced a turbulent ride ever since the beginning of the year’ not just Tron (TRX), a lot of virtual currencies are trying everything possible to ensure their value rises (some are starting to recover, too). Tron is leading the pack in ensuring its currency succeeds with many enthusiasts predicting a bull run to happen before the end of second quarter of this year.

However, Tron has been experiencing a bad run of late contributing to it being undervalued to the $0.060 extent. The poor market conditions that have choked the life out of the market has also not made the situation any better for the promising virtual currency.

We must agree, the new Main Net is still in its initial stages so to speak, and therefore, traders are bound to be a little cautious. Therefore, the current market value of Tron (TRX) should not be seen as a representative of Tron’s overall potential; TRX will come back from this depreciation strongly and will start to appreciate again before the end of second quarter. Some of the reasons that might propel a Tron breakout include:

Transaction Fee

While cryptocurrency popularity is growing as a financial tool that levies low transaction costs on settlements, Tron is taking the lead in this area ahead of the other major cryptocurrencies.

Transaction Speed

On account of transaction speed, Tron posses the capability to execute approximately 2000 transactions per second, while other currencies like Ethereum lag behind with 25 TRS. A figure that cannot stand Tron’s efficiency.

Number of DApp Users

According to a tweet by Justin Sun, Tron has approximately 100 million dApp users, and it intends to grow the number even further by the third quarter of the year making Tron a heavyweight champion.

Scalability

Tron’s high level of sophistication puts it in a good place for the altcoin to experience a price surge in the coming months. Its scalability level is even higher than Ethereum which is the second largest cryptocurrency by capitalization.

Justin’s Touch

Justin is arguably one of the few cryptocurrency founders who is committed and driven to market their coins. His enthusiasm and contribution are key in making and shaping Tron’s future.

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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 Pxhere.com

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

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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

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Crypto Billionaire Predicts Massive Price Growth by 2021

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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…

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Altcoins

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

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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…

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