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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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Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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