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

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Tron
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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