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TRON TRX: A Perfect Way To Bring Games To Blockchain

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TRON TRX

Ever since it was launched, TRON TRX cryptocurrency has had large plans for changing the web as we know it. Even in its initial whitepaper, TRON was planning to decentralize and revolutionize the entire entertainment industry. Since those initial plans were published, TRON TRX has had a long journey ahead of it, before it could even think to start making these plans into reality.

Despite numerous obstacles, however, everything that TRON TRX did so far was dedicated to making this goal possible. The first step was its expansion and reaching as many exchanges and partners as possible. Next, TRX had to leave Ethereum’s network and settle in on its native blockchain. After that came its Super Representative election, as well as numerous other projects, such as the launch of TRON VM, purchase of BitTorrent, and the announcement of Project Atlas.

With most of these goals either already being completed, or well on their way to completion, TRON TRX can finally begin its mission to change the entertainment industry. Naturally, this also includes games, as the gaming industry managed to grow to the unbelievable proportions in the last decade.

TRON TRX plans to bring games to blockchain

While PC and console gaming are booming with each new game release, mobile gaming is not far behind. With that in mind, TRON has put a lot of effort into entering partnerships with gaming companies, promising them a unique method of bringing new games — on its own blockchain.

At first, many were wondering if this project has a future, and is it even possible to think that big. However, in time, TRON started fulfilling its promise, and the first blockchain game — BitGuild’s “Magic Academy” — has already been announced. This is only a first step for TRON TRX, however, as it is now obvious that its blockchain has the potential to expand the gaming industry in an entirely new way.

One of TRON’s biggest and most important partners is Game.com, which is a partnership that TRON has nourished for almost a year now. Game.com is an online gaming platform that centers on blockchain game content, and their cooperation with TRON is bound to bring even more blockchain-based games. These games will allow gamers to use cryptocurrencies to make microtransactions, trade and sell unique items, but also to mine new coins, and make a profit during their gaming sessions.

Thanks to its advanced technology, high speeds, low fees, and a professional team, TRON TRX is in a perfect position to allow new games to enter blockchain. However, while TRON is making some game-changing moves right now, this is still only the first step on its way to fulfilling its goal. Apart from gaming, TRON also has plans to revolutionize data-sharing processes, as well as the rest of the entertainment industry.

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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 Thom Cochrane via Flickr

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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