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

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Tron TRX
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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