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

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Tron

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!

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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 Pxhere.com

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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Altcoins

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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