Connect with us

Blogs

Tron (TRX) secret project may skyrocket the price of the coin

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

Rumors are all over the cryptosphere concerning an alleged under-the-sleeve card that Tron (TRX) may be hiding to slingshot the price of the token in the coming month. Regarding this, not so much information has been deciphered yet about the project; in fact, there’s nothing so far that indicates how it will look like, or what exactly will it be about. However, when it comes to creating a hype, Tron (TRX) knows exactly how to do it, and that is precisely what’s going on as of now.

In the current panorama of the cryptocurrency world, there’s a large part of the community that has been reacting to the secret project, which of course, means a lot of expectations have been raised already around the rumors. Many enthusiasts are just waiting anxiously for the project to get revealed, and as we know, this is something that may occur a couple of days before the 30th of July or even that day.

One way or another, the truth is Tron (TRX) is resorting one more time to its most deployed strategy in history, the creation of events or milestones that set a fluctuation in the coin’s price.

In fact, it is not necessary to go through an extensive analysis of the currency to see that Tron has managed to give astonishing jumps on their prices by just setting the launch of a project with a specific deadline. For instance, the TestNet and MainNet launch, BitTorrent acquisition, the Token migration, the Super Representative Elections, or even the most recent; the 1 billion coin burn.

Truth be told, Tron (TRX) has managed to be a top coin of the market in just a tiny period of time, a fact that mainly has been favored by the relationships the company has established both with the community, and all of the allies of the sector.

Like this, Justin Sun has done an incredible job by creating the most solid relationships of the industry, and the best communication with its community by making use of social media, making it clear for the one time why he’s one of the most influential figures in the financial industry.

As a matter of fact, compared to other cryptos in the market, one can say, for instance, that Tron has deployed even more solid relationships than Ripple (XRP), and this is one of the primary actions that has collaborated with the high trading volume that the coin maintains. Similarly, when it comes to reputation, there’s not a lot of negativity around the token besides being a cryptocurrency, which definitely proves the coin’s position in the market beyond the price itself.

Conclusion

Unlike other cryptos in the market, Tron (TRX) is always giving the community something to wait for, and this is an extremely positive fact, since many of the tokens that one time were on the way to the top, end up dying because of inactivity, which entirely is the opposite case of what Tron tends to do.

We can be sure that the token will find a way to make its prices go up again, and that’s something that can either happen with the deployment of the secret Tron project which is yet to be revealed or with another strategy that for sure we can expect to be announced soon. All that said, nothing is ‘guaranteed’ in the world of crypto, even though Tron has all its pieces of the puzzle put in place nicely, still, the price surge might need to wait for the market trend to change even once its secret project makes headlines. So stay tuned!

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite