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

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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

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Why Bitcoin (BTC) Revival is Likely to Continue

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Bitcoin (BTC) revival
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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin

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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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