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Tron (TRX) price surges, can one buy a Lambo with it realistically?

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The recent Tron updates, pronouncements regarding the speed of the Tron platform and the resumption of TRX deposits trading in BitForex has been making headway in the cryptocurrency sphere. Going by Singapore time, on 26th June, all Tron (TRX) digital coins of BitForex had completed the main platform migration while the management of Tron Foundation went ahead to praise Tron’s speed jokingly refereeing to it as being faster than the Lamborghini.

Getting the vibe from Tron Foundation, one of the candidates vying for the super representatives’ posts, Team Tronics, posted a post with a video on his Twitter page about the transaction speed clocking few seconds indicating the site is both user-friendly and swift at the same time. The tweet reads:

At the same time, Cobo wallet has also finished Tron’s new mainnet advancement and has recommenced services for TRX digital coins. On the other side, CoinFalcon, a virtual currency exchange whose intention is to thought-provokingly put the future of coinage, in the pockets of the world, listed Tron deposits and withdrawals recently. CoinFalcon disclosed:

“Users that have deposited their tokens to CoinFalcon before the migration will also now be able to trade their newly-minted digital coins.”

Many people expected a price surge following the launch and general adoption of the new Main Net following April’s bullish trend that saw Tron’s value increase by more than 250%. But contrary to popular belief and the expectation of many, Tron’s prices have been going drastically down ever since the dramatic upsurge although recording a slight comeback on 18th June, which saw Tron’s prices move up from 0.041 US dollars to 0.051 US dollars.

Will Lambo Speeds Lead to a Possible Bull Run shortly?

It is obvious by now that nobody can say or predict for sure cryptocurrency price valuation on a particular day considering the volatility of the market. However, there is no doubt about the exciting future Tron (TRX) has ahead of it.

To many analysts including myself (I’m trying my best to be), the only outcome the market should expect is a boom in its prices probably in the early stages of Q3 this year. To simply put it, What am trying to say is that Tron’s value might be tanking, just like many other virtual currencies, but the level of tanking Tron might be experiencing might come to shock the whole world with a drastic price surge.

I can advise you now for free that if you are searching for a digital coin to add in your portfolio, one of the currencies you might want to consider is Tron (TRX).

Contrary to the market trend of selling cryptos when they are depreciating and fetching low valuations when the prices go down, it should be time for investors to buy and store the cryptos somewhere (Tron now) until the day we are all waiting. When the values could fetch Bitcoin like prices that might just allow us to buy our very own Lamborghini. Time decides everything.

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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

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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