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Recent Tron TRX slumps are about to change with BTC value correction

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Tron TRX
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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.

Tron’s wildcards

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:

  • Dapps

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

Tron is launching its own virtual machine at the end of July, a fact that surely will call the attention of many developers in the sector.

  • BitTorrent

The CEO of the company, Justin Sun, recently managed to acquire the biggest peer-to-peer platform BitTorrent, a milestone that brings the token closer to build a decentralized internet.

  • 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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Bitcoin

New Tendencies of Bitcoin Gambling

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Bitcoin gambling
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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin

Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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Bitcoin
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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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