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Tron’s titanic partnerships could see it jump above $16 before the year closes

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According to CoinMarket Cap, Tron (TRX) is worth $0.03840 with a market capitalization of $2.5 Billion, at the time of writing. The cryptocurrency is making waves, and its recent partnerships could see its value move way-above its current price, and maybe to a price mark of $16.48 in the near future. Let’s see how.

Tron’s strides and partnerships

Recently, Tron got featured on Changelly, which is one of the top cryptocurrency exchanges in the world. As a result of this partnership, Changelly officially endorsed the TRX and US dollar trading channel on its platform. Furthermore, users can use their credit card to buy TRX on Changelly. Justin Sun, the CEO of Tron states,

Changelly has made remarkable contributions to the promotion of cryptocurrency globalization. With numerous fans and users around the world, TRON’s cooperating with Changelly will enable more people to understand and use TRX. Meanwhile, TRON’s large number of users will also give Changelly a boost to the development and popularization of digital assets.”

The cryptocurrency is not stopping anytime soon, Tron has more than eight new plus mega partnerships and more than 16 partnerships total that could see its price spike high before the year ends. There have been strong speculations for quite some time now that Tron could partner with Twitter soon (perhaps that’s the secret project Tron is going to reveal at the end of this month). Not too long ago, Pornhub, Brazzers, and numerous exchanges such as Binance and others embraced Tron (TRX).

Tron partnered with China’s Netflix, which has more than 200 million users worldwide. In regards to the partnership, Justin Sun said this on his Twitter page:

We TRON are proud to announce the partnership with Baofeng group. Baofeng, aka Chinese Netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange (300431.SZ).”

Tron has also partnered with an app called Gifto – a live streaming app. Tron is becoming a global cryptocurrency to invest in; this can be attributed to the immense effort that the team has put in to make sure the cryptocurrency is where it is today.

Of course, the recent acquisition of BitTorrent by Tron will help steam the value of the token, TRX. That’s something we can’t take lightly. BitTorrent has more than 100 million active users, which means the cryptocurrency now has the ‘direct access’ 100M more users. In the end, more liquidity.

It is important to know that Tron released its MainNet about three months ago and during its recent conference, Justin Sun spoke on the accomplishment his team has accomplished with its MainNet. After Tron’s MainNet launch, it has achieved what Ethereum managed to accomplish in the last three years.

Besides, there have been lots of speculations that Tron will partner with Alibaba. Alibaba is a multi-billion dollar company owned by Jack Ma. We do know that Sun was one of the best students in Mr. Ma’s university, Hupan University.

Sun was the first millennial student to graduate from the University; in Tron’s team, there is Mr.Chen a close friend of Mr. Ma. Mr. Chen is one of the main people in team Tron, and we shouldn’t be surprised if we see a partnership with the multi-billion dollar company very soon.

Final Words

Tron’s price won’t be stagnant at the $0.038 price mark – there is going to be a big surge in the price very soon. With Bitcoin’s ETF that is said to be approved on August 16th, it could also propel Tron’s worth (as well as the value of other emerging altcoins). Tron is the most talked cryptocurrency on Twitter of recent times, and it can process more than 20,000 transactions within a second. Tron’s continuous strides and team-up with mega players will inevitably increase its value in the future, and this is the right time to invest in it.

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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

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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