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TRON (TRX) price and ranking rise with more developments and partnerships on the way
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TRON (TRX) price and ranking rise with more developments and partnerships on the way

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Tron
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The cryptocurrency world is always abuzz with news and information about upcoming developments. However, one of the recent and most exciting stories to be top of mind among many crypto enthusiasts is the developments with Tron (TRX). Although the TRX token has had a resistance in price that dangled around the $0.03 mark to the $0.04 since the beginning of the year, the ERC20 token that is set to break off from Ethereum’s Blockchain to its own Mainnet is on the verge of another rise.

TRX breaks resistance to join the top ten coins

Just recently, holders of TRX were excited to see the coin’s rankings on CoinMarketCap spike past the tenth position to settle at number nine.  Data from CoinMarketCap indicates a steady rise in the TRX price to its current rate of $0.098. In fact, as soon as the TRX joined the top ten league, Justin Sun (Tron’s CEO) responded (almost immediately) with a tweet that said,

$TRX just broke into the top 9 on Coinmarketcap! Keep calm and #HODL #TRON!

The TRON (TRX) roadmap and future partnerships

With a detailed roadmap set for Tron throughout the rest of the year, the TRON team is bound to have an even more exciting journey. TRX holders wait with anxiety for a variety of developments including TRON’s super representative election that is set to be held on June 26th, a token wallet launch and other events including:

  • An onchain governance and resource allocation system
  • Launch of the proof of stake concept with Odyssey 2.0
  • The launch of a token centric browser

During Tron’s launch of the Mainnet (a migration of Tron from Ethereum’s Blockchain to its own stand-alone Blockchain) Tron’s CEO was grateful for the support the TRX community had shown towards the company. Even with the Tron’s Mainnet set to go live on June 21st, Sun promised TRX holders that their tokens will be safe even after the migration.

However, notwithstanding a good number of developments along the way, the TRX community is still anxiously waiting for a partnership announcement between Alibaba and TRON considering Sun’s achievements and relationship with Jack Ma of the Alibaba group.

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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 Harry Pammer via Flickr

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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