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Tron (TRX) Ready to Make Its Move

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Tron
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The price of TRON (TRX) continues to make advances and has even become stronger against the US dollar. This makes TRON one of the rare cryptos to be advancing in the last few days, while the majority of them remains stagnant.

In the last few days, TRON’s (TRX) price has made a significant change, according to data on Bitfinex. The token’s price increased by 8.5% against the US dollar, while other altcoins and even Bitcoin (BTC) itself have failed to improve. Technically, TRX/USD has managed to reach, and even exceed its moving averages already. However, some data indicate that it is possible that additional advances may come.

The charts show that TRON is on a steady rise, and it is believed by many that this will continue for some time. This progress has caused TRX enthusiasts, as well as crypto analysts to try and find the reason behind it. At first, the change was thought to be technical, but after a while, it began to look like it might rather be fundamental. In the end, there are several reasons why TRON might be acting this way now.

Why is TRON’s price rising?

As mentioned, there are several fundamental factors that could be responsible for the change in TRON’s price. For example, it recently started its MainNet migration, which is going as smoothly as anyone could have hope for. The migration has seen TRX tokens leaving ERC-20 for TRON-20, which is a standard from TRON’s own network.

The migration has been going without any reported issues, and it already has over 350 nodes, as well as a block height of 9,294,675 that were migrated already. Additionally, the migration has been supported by numerous big exchanges around the world, including Bitfinex, Binance, HitBTC, Gate.io, and more.

The next fundamental factor that might be influencing TRON’s price is the recent acquisition of BitTorrent. This is something that received a lot of attention and is believed that it might help TRON bring on some additional changes to the way it works.

TRON’s founder, Justin Sun, has recently purchased BitTorrent, which has over 150 active users per month. This is seen by many as another one of the big factors that have influenced TRON’s price now, instead of doing so when the purchase was made. The market wouldn’t allow such an advance back then, which obviously isn’t the case at the moment.

TRON’s hard work finally paying off

TRON has certainly been busy in the last half a year, which can easily be seen while trying to mention all that the coin has managed to achieve. Continuing with the listing of various fundamental factors that are suspected to be the reason behind its price surge, we have the launch of TRON Virtual Machine (VM).

According to TRON’s plans, the VM’s TestNet should be going live today, July 30th. Additionally, the company’s recent announcement has stated that it might go up to 80% faster than Ethereum. This is expected to attract a lot of new developers who value speed and efficiency, which is something that Ethereum could offer so far.

Finally, a large part of TRON’s success might lie with the secret project that was rumored to be in the works by the company. The secret project has become one of the biggest TRON mysteries, and the internet has been flooded with speculation regarding what it is. It is expected that TRON will finally announce it at the launch of the TRON VM.

So far, all that TRON enthusiasts have had to go on was Justin Sun’s statement that the new project will add more than 100 million users to TRON’s platform. Obviously, whatever Sun is working on is absolutely huge, and thanks to all the speculation and discussions, TRON has received much more attention than usual.

Now, even though the secret project has had everyone hyped for weeks now, there are still many who are genuinely concerned that the project might be overhyped. One of the biggest reasons why big projects turn out to be not-so-big is the fact that they become overhyped while the users are waiting for them to come.

Once they finally arrive, people end up being disappointed, since they have expected much more. This is one of the biggest fears regarding the secret project since many are afraid that all the theorizing and speculating has left TRON enthusiasts expecting too much. TRON can do one of two things regarding this – cut out the hype, or manage to deliver on everyone’s expectations. Whatever happens in the end, the secret project won’t be so secret soon, and we will finally know if it was worthy of all the excitement.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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