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Tron (TRX) roadmap and potential of reaching $2 in the current bull run

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Tron TRX

Tron is without a doubt one of the largest and most formidable blockchain projects that seem to be making buzz and headlines in the crypto space, again and again. Ever since Tron Foundation launched its priority platform (MainNet), which boasts of having a high throughput and TPS of up to 2,000, the recognition has been obvious.

The last two months have been eventful for Tron (TRX), as the blockchain technology is gradually building itself towards a new decentralized age.

Like the majority of the digital currencies in the market, Tron prices have been exploding in fireworks since Monday 16th. At the time of writing, Tron (TRX) is exchanging at $0.04049, an increase of more than 11% in the last 24 hours, with a market cap of about 2.6 billion US dollars, according to CoinMarketCap.

Tron (TRX) engaged rocked boosters as it made its way through the resistance level at 0.035 US dollars and 0.036 Us dollars. TRX/USD overwhelming bullish run pushed the value above 0.037 US dollars but hit a snag before reaching 0.038 US dollar price level leading to subtle lower corrections.

Tron (TRX) is exchanging at the narrowing edge of the contracting triangle, giving indications that another price surge might be in the works. And when this time comes, TRX/USD could skyrocket attacking immediate upper supply zones of 0.04 US dollar before retracing its steps towards the 0.05 US dollar mark. Yet another exciting Tron news, Tron (TRX) is preparing for another launch.

Tron (TRX) Getting Ready for Another Major Launch

Although talk revolving around Tron’s token migration and mainnet upgrade are yet to settle down, Tron is preparing its users and community members for yet another important launch. The next major launch event for Justin Sun and Tron (TRX) will be the launch of the TVM also known as the Tron Virtual Machine that is specifically designed for the Tron ecosystem.

The TVM will support DPoS or Delegated Proof of Stake having the capability to also connect to any development platform. It is scheduled to be compatible with Ethereum’s VM, and smart contracts. The Tron Virtual Machine will allow developers and creators to program and debug in Solidity enabling an easy transition on the platform.

If you go to Tron’s website you will see the launch for the Tron Virtual Machine is scheduled to happen in the next 11 days, bring forth chatter that this might be Tron’s strategy to massive adoption.

Another thing to note here is, TVM is not the only exciting Tron event ahead, the whole crypto community is waiting for a secret Tron project that’s expected to be revealed at the end of this month, too.

Tron Leading in Twitter Mentions

As one of the most prominent social media platforms, Twitter remains as one of the most relevant social tools for communication for blockchain projects and technologies. On the Twitter platform, it has been discovered through a survey done by CoinTrendz, that Tron (TRX) edges out all of its top ten virtual currencies competitors.

Tron is ranked number one as the most mentioned virtual currency in the crypto space with over 3,800 mentions in an hour. Bitcoin comes second with a total of 1,465 mentions in an hour; a margin of over 2,300 mentions separating the two coins.

Tron continues to flex its muscles exerting dominance in the crypto sphere owing to the title of being one of the most active blockchain projects in the industry. It is still hard to predict whether the digital coin will reach the price prediction of $2 before the year ends, but as things stand, it will soon. Tron (TRX) seems to be riding a golden horse currently, we will have to wait and see how things will turn out.

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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.

Image courtesy of Maxpixel.net

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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