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TRON (TRX) Price Takes a Temporary Hit Losing its Top 10 Ranking But Only To Gain It Back In Hours

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TRON

There has been a lot of excitement surrounding TRON in the past few days especially with the planned Mainnet launch that is set to put TRX on its own Blockchain network. If the token lives up to the expectations of the community, there is no doubt that a good number of investors will be looking to hodl some TRX for the long term. In fact, the coin has hit a statistical hallmark recently with over 1 million users not to mention the Super Representative Election that has set up a bullish mood around the cryptocurrency world.

Overall Market Dip

However, earlier today, most TRON enthusiasts woke up to a bloodbath in the market that saw most of the alternative cryptocurrencies shed the few gains they had made over the weekend. TRON was no exception. The TRX’s market capitalization fell below the $5.3 billion mark putting TRX’s price at $0.082 as the bearish rally continues.

If data from CoinMarketCap is anything to go by, the TRX market is currently on a downward trend, especially in the last 24 hours. With a fall of about 7.12 percent as depicted by CoinMarketCap’s price charts in the last day, TRX has had an overall drop of about 3.3 percent throughout out the week considering its recent bull run that set its market cap above the 6 billion mark.

There is still hope for TRON’s Bullish Rally

The good news is that this is not the first time the price of TRON has gone down and definitely a bullish rally is soon to be expected (either in the short or long term) since the coin is one of the most promising altcoins in the market.

Built on a decentralized platform that ensures transparency to the token holder, TRON boasts of being one of the most forward driven cryptocurrency projects. In fact, the platform’s Super Representative Election is set to build a self-governing community that is sure to attract investors in the long run.

In addition, TRON enjoys a ton of support from the Bitcoin and overall cryptocurrency community including Antpool, BitcoinWorld and even RightBTC to mention but a few. Not only are these supporters pledging to participate in TRON’s super representative elections but they also pose the ability to catapult TRON’s market in the future.

Basically, even with the recent dip in the market, TRON has had consistent performance with the CEO (Justin Sun) reporting in an open letter to the community that the company is actually 6 months ahead of its plans according to its RoadMap. Coupled with the fact that the project is run by a team of responsive and helpful developers, there is no reason not to consider TRON (TRX) as a good investment.

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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.

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

Continue Reading

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