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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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