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Tron (TRX) seems oversold with its key objectives down the line - Global Coin Report
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Tron (TRX) seems oversold with its key objectives down the line

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Tron TRX
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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.

Image courtesy of Pxhere.com

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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