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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

Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…

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Altcoins

Forget Bitcoin: 3 Altcoins That Will Double

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This movie is getting old.

Every day we comb through the news, scour the web, and flip through the feeds on our social media pages. We look for the movement on our favorite coin(s) and we search for solid investment opportunities. Of course, the dominant advice we are fed inevitably leads us back to Bitcoin (BTC).

Is it a good time to invest in Bitcoin (BTC)? Is Bitcoin (BTC) ready to move? The Twitter feeds are sure of it. Any day now, Bitcoin (BTC) is going to go through the roof. And if you don’t get in now, your FOMO will leave you waiting for a dip, hoping to join your giddy friends who knew better all along. But when you open your wallet to check the action on your investment, it’s always the same thing. The undisputed king of the cryptoverse has traded sideways again.

To be clear, Bitcoin (BTC) is going to come back. And when it does, it will likely double or triple overnight. But you know what? So will a number of altcoins in that time. The question that leaves most of us scratching our heads is, which ones? And while no one knows for sure which coin(s) will pop, what follows is a short list of three great crypto-choices we should be watching while we wait for the king to come back.

Basic Attention Token (BAT)

The first (And most obvious) on my…

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