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Tron (TRX) seems oversold with its key objectives down the line

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The adroit and insightful team of Tron Foundation developed a foolproof of plans for its crypto, and it is achieving them as each day goes by. Justin Sun, the CEO of Tron Foundation officially set the roadmap of Tron and has said they have many more mega plans to achieve until 2027.

One of Tron’s major plans was Odyssey (which will place economic incentives to enhance the creation of more entertainment contents) has become a success after it went live on May 31. Although, this MainNet is still under tests to make sure it withstands the test of time.

However, the first plan Tron Foundation has before its MainNet is thoroughly tested is the movement of its ERC20 tokens to its native MainNet. It is important to know that this action is expected to kick-off this month, from 21st to 25th.

Due to the prospects of Tron’s great plans, exchange platforms like Binance, Liqui, Bittrex, Bixin, Bitpro, Coinegg, OKEx, Zebpay, OEX.com, Upbit, etc. have taken up their support for the movement of Tron’s ERC20 Tokens to its MainNet Tokens.

Tron’s Second Plan: The Super Representative Election

The second objective is to elect super representatives before the ERC20 Tokens are migrated to its MainNet Tokens. Justin Sun recently stated that June is an important month for Tron due to the completion of Tron’s MainNet, the migration of ERC20 Tokens, and Tron’s super representative elections.

The election is scheduled to be held on June 26, 2018. However, about 27 Super Representatives will be chosen to represent more than one million Tron users worldwide. Tron elections will also mark the end of its exodus phase. Justin Sun also stated that Tron’s protocol system would produce one block per second and every block will award 32 TRX to Super Representatives. On the whole, 1,009,152,000 TRX will be awarded every year to 27 Super Representatives.

Through the election of Super Representatives, the cryptocurrency aims to uphold sovereignty and transparency among in community. Every user will have natural rights of the tokens in the community, due to the fact that every token is the key to the power of a decentralized network.

More than 50 teams including SkyPeople and Cobo have expressed their interest in participating in Tron’s plan of the Super Representative Election. Sun has called and urged other Tron supporters to contribute to the network protocol by being part of the election to become a Super Representative.

With crucial milestones down the line, Tron (TRX) is oversold in crypto-market

Due to the lows in the crypto market in recent time, lots of cryptocurrencies aren’t having a good time. It is necessary to know that despite the dips, Tron (TRX) is one of the cryptos in the market that is benefitting – this was not foreseen and expected by experts in the community.

As many in the crypto-market have observed, Tron is oversold. Right now, TRX is traded at $0.04892 with 9.11% increase in value within last seven days despite the lows in the market that is affecting other cryptocurrencies. The insane surge in the price of Tron (TRX) in the market may be due to the news and hype around the cryptocurrency right now (including the news of BitTorrent acquisition) as a result of its major milestones down the line.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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