Connect with us

Blogs

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

Published

on

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.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

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

Published

on

Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release