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

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Tron TRX

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

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

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 houses many International students attending many esteemed Singaporean Universities.  

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