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

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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

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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