Connect with us

Bitcoin

Why TRON (TRX) is as Promising as the Original Cryptocurrency

Published

on

TRON (TRX)
READ LATER - DOWNLOAD THIS POST AS PDF

December was a cornerstone month for many uprising cryptocurrencies and so we had a chance to see many of the digital currencies hitting the roof with its rising values, which wrapped up the year of 2017 as a successful year for anyone who decided to invest in “new money”.

While Bitcoin was setting the market on fire with its current value of 15,000$ per single Bitcoin, other currencies thrived as well with Litcoin rising for 333% in only a couple of days and Ripple jumping with its value for over 80% of increase.

However, one digital currency has managed to get over 500% of increase during this month, thus making it one of the most promising new digital currencies.

TRON (TRX), Tronix is one of the most promising digital currencies currently available on the trading market of cryptocurrencies and together with other currencies that are experiencing rise of popularity and value as well as general expansion, it makes a great opportunity for trading and investing.

But why you should invest in TRON? In order to be certain that your investment is made to be promising and eventually cashable, you need to know what you are investing in, so what is TRON exactly and why its value jumped for 500% in the past month?

TRON and its Value to Ethereum Technology

If you are into cryptocurrencies, whether you are investing or mining, or just enthusiastically following up with the latest news revolving around new age digital money, then you surely know what blockchain technology is. For those who are not as familiar with this term, simply put, blockchain technology is a way of storing data privately without having a third party involved, which also enables private, non-mediated, un-interrupted transactions that are made to be cheap, economical and efficient.

Bitcoin is made based on blockchain technology and as other digital currencies are made inspired by this currency, all currencies are operating on this system, making you enabled to make your transactions privately. Now, although TRON is similar to Bitcoin, one must take the liberty to link this currency rather to Ethereum than to compare it with Bitcoin. This is the case because TRON is one of the first currencies to be involved with micro transactions, being compatible with Ethereum and the way Ethereum works.

In case you are not familiar with Ethereum, here is what this blockchain based value actually represents – explaining how this mechanism works will also highlight the importance and potential of TRON as well as casting a light on its sudden value increase and popularity.

What is Ethereum and How TRON is linked to it?

Ethereum is a blockchain based technology inspired by Bitcoin and its original design that made hundreds of people rich. But, unlike Bitcoin’s blockchains that serve the purpose solely for mining coins and making transactions, the creator of Ethereum had a wider picture of what you should be able to accomplish with blockchain technology. So, instead of only using blockchain for transaction, Ethereum is made to enable not only transactions within the network, but also  permitting users who are part of Ethereum community to trade anything of value – that would include shares and anything else that has a certain value and can be traded. In a way it represents a closed community that enables inner growth also regarding development of the internet, put in simple words.

Any user, who is working on the Ethereum, in case the user owns knowledge that would enable him to, can work on creating any type of applications that can be used and traded within Ethereum. All transactions and app development with Ethereum, which is based on blockchain technology, are contributing to decentralized platform that enables free transactions with having a third party getting involved. The same goes for applications – there are no third parties getting involved in the sense of promoting applications or acting as a mediator between the user and creator of applications being used – that said, all applications are freely distributed, programmed and used.

TRON is functioning exactly as Ethereum, so instead of having only Tronix, a digital currency that cab used for trading and transactions, like with Bitcoin, you actually have TRON as a platform and a patron of Tronix – TRON’s digital currency as Ethereum has Ethereum tokens you can earn while working on Ethereum apps and development.

TRON is also accepting other currencies except TRX, although this currency is their official currency. TRON is also working on developing decentralized platform where you can perform micro transactions and trade with any type of value as well as work on developing their network – the same blockchain technology opportunity that Ethereum is using.

Should You Invest?

With the current state of the market and the general demand, TRX seems to be very promising currency, where financial experts are predicting continued increase of this currency’s value in the following year as well. With the recent dizzy increase of Bitcoin, other cryptocurrencies’ values are also experiencing the same fortune, while TRX is on the top of that rising scale of success and increased demand with over 500% of increase in the past month.

With the current value of $0.034, TRX is still widely available for purchase and economical to invest in. Just remember those who had purchased Bitcoin when the value was 14.000 times lower than now – those same investors now have a chance of owning millions of dollars worth Bitcoins.

To jump to our final conclusion, TRX seems to be the promising offspring of rising cryptocurrencies – inspired by Ethereum and upgraded as a value that could be used for more than just making transactions, you are investing in more than just monetary value when investing in TRON and its currency – Tronix.

We will be updating our subscribers as soon as we know more. For the latest on RDD, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Bitcoin

Bitcoin Grows Beyond $4,000

Published

on

Bitcoin grows beyond $4000
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

Continue Reading

Bitcoin

What Will Happen First: BTC 2k or 5k?

Published

on

BTC
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has ended, and while there was no enormous surge that investors were hoping for, it still ended with a bit of hope for those wishing to see Bitcoin BTC rise.

Only two weeks before the end of 2018, BTC was in a desperate position, with the value of its coin being at $3,200, threating to drop even lower. However, a sudden surge occurred on December 17th, which returned $1,000 to its value. And, since it lost approximately $400 since then, the final days of 2018 have still seen BTC well-above its lowest point of that year.

Now, 2019 has arrived, with traders and investors wondering what will happen next? Is BTC going to drop to $2,000? Will it rise back to $5,000? Will the bear market expand to this year as well, or is the market ready for a proper bull run this time?

The answer, once again, remains uncertain. The problems with scalability may be reduced significantly soon, but high volatility remains an issue. Even the slightest shift can have enormous consequences for the entire market, and any news can impact the BTC price, no matter how big or small, or if positive or negative. To stop its further drop, BTC had to find a balance. However, this balance is more fragile than ever, and the price is expected to move very soon.

What to expect…

Continue Reading

Bitcoin

Is Bitcoin Spiraling Down to a New Bottom?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin (BTC) appears to be in yet another free fall, with no indication when or where it will stop, and investors are wondering if the coin is going to breach its recently identified bottom once again.

Bitcoin behavior in 2018

Bitcoin has had an eventful 2018, with countless ups and downs in the last 12 months. As many are aware of at this point, the BTC started this year with an all-time high, when it reached $20,000 per coin. The situation quickly took a turn for the worse, and in mid-January 2018, the market crashed. As a result, BTC started losing value, and over the following months, it lost over 30%.

The free fall stopped at around $6,300, which is where the coin managed to stabilize for several months. At this point, it often had small surges which provided investors with hope that the coin has reached a bottom. Many believed that it will stop dropping and that it can only go up from this price. Then, in November 2018, the market crashed yet again, and BTC breached its bottom.

It continued its downward spiral until it reached $3,200, which experts identified as the new bottom. Once again, investors were hoping that this will be the end of Bitcoin’s value loss and that the market will switch from bearish to bullish. That also seemingly happened on December 17th,…

Continue Reading

Elite