We all have been anxious and worried about the conditions of the crypto market during the last couple of months, a situation that, to say the least, has pushed us to formulate many questions among which the most important probably is, when will the market start recovering from the recent drops? Well, as it seems all of our prayers have been heard as Bitcoin (BTC) has managed to recover from the generalized dip just recently, a fact that definitely translates one way only, a bullish trend is about to start in the landscape.
The fact that BTC is the one coin that is starting to show a bullish behavior is for sure one of the greatest news ever, in fact, BTC represents a huge support for many coins among which Tron (TRX) is well-worth of mentioning. Like this, it is just a matter of time before the TRX token gets on a price recovery, which is expected to happen just when the 6700 mark is surpassed by Bitcoin.
Tron (TRX) by its part didn’t do that much during the last seven days, but as it’s expected the token is going to be acting in accordance to Bitcoin’s behavior, which of course, leave us with a positive sentiment knowing all of the conditions are set for us to see a market in a bullish run. Let’s see the main reasoning behind the asseveration.
Bitcoin importance for market stability
Many strategies have been deployed to stop the volatility of the market when it comes to the prices of certain coins. For instance, the integration of Tron (TRX) of the trading pair TRX/USDT, an exchange whose intention is mainly to recover the price of the token even when BTC doesn’t recover.
However, even when these strategies have collaborated with the market in general terms, the fact is that the big coins are the ones that are not backed by fiat, like BTC, to name one. At least, for now, Tron (TRX), and other altcoins cannot separate itself from BTC, it will take time.
Institutional money is coming in the game, that’s why Bitcoin is going up, and with it, Tron (TRX) will rise in value too. So, if you’re looking to invest in a good bet, both coins represent a good option right now.
Although the price of the TRX token is expected to correct with the assistance of Bitcoin (BTC), Tron has built a number of strategies to ensure this becomes a reality. Some of them are the following:
With the recently installed Main Net, Tron is targeting decentralized applications to operate on its blockchain, and this is something that is already on the making with thousands of Dapps getting in line to migrate.
- Tron Virtual Machine
- Secret project
To keep the hype alive (as always), Tron has announced that is working on a secret project that will bring lots of benefit for the coin. Although still nothing has been confirmed yet, it is expected that it creates a great traction for the digital currency in no time. A lot of good strategic things happening, don’t miss the chance to be on the winning side as Tron kisses the skies soon. Stay tuned.
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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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ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch
ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.
Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.
“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.”
The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.
The Company’s first mining pod is set to…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
Understanding the Dark Side of Bitcoin
Although Bitcoin is praised for its high-quality processes that lead a lot of people to wise outcomes and success, it has its own dark side. This side is less exposed to media and the people as it can possibly ruin whatever Bitcoin has worked for years, exerting lots of effort, expenses, and time. However, discussing this side will be a way for a better and deeper understanding to what Bitcoin really is and its main purpose and future. Given that, we have gathered the information already for you about the dark side of Bitcoin. So, let’s start!
Bitcoin provides a lot of advantages, but some government gave warnings that are not still founded entirely. The main reason behind that is that there are elements of criminality that seek to take advantage of the media hype and excitement around Bitcoin. One example scenario is when the cybercriminals launched Ponzi schemes that gave promises on investments through astronomical returns. After the money of investors have disappeared, this is the time when they realized that they were scammed. Therefore, the governments raised awareness advising the public to invest cautiously and uphold skepticism in life. If you want more information regarding this, you can go through the www.bitcoineras.com to better understand it.
Here are some of the ways wherein cryptocurrency is misused.