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

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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