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There’s every reason to believe that Tron (TRX) is severely undervalued

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Tron’s stream of achievements has been impressive since it was founded, and things have only been faster and more intense over the last month. And yet, the coin’s value keeps going down (0.020 USD at the time I write this, and that’s after 17% increase in value within the last 24 hours). 

There’s only one explanation for this: Tron’s price is currently not being determined by the project’s or the asset’s value but by perception and the recent bad run that has plagued Bitcoin. There are plenty of reasons to think this, and here they are.

The Testnet and the Main Net was a success


Project Genesis, Tron’s new Main Net, was launched on time and it performed flawlessly. No vulnerabilities, delays, bugs. This is not as common as you could think, EOS launched its own main net at the same time, more or less, and it was a complete disaster. 

And the Tron Foundation has a program that encourages (and pays prizes to) members of the Tron community to search and find problems in the project’s code. They’ve found none because there are none, which speaks very well of Tron’s developer team’s competence.

BitTorrent


BitTorrent was much in Justin Sun’s mind even as Tron was founded. The organization’s white paper mentions it eight times in total. And now, he owns it. Tron will bring together it’s main net and BitTorrent and calls them Project Atlas thus bringing 150 million new users into the Tron community.

Almost 1300% growth in price

Tron started at $0.0019 and is now at $0.020. That means that every investor that has been in since day one now has earned almost 1300% in returns which is nothing short of spectacular.

Pornhub is now taking TRX


Pornhub seems to be quite enthusiastic about digital assets. First, it partnered up with Verge, and now it will also be accepting TRX as a means of payment for subscriptions. This will give Tron’s token a lot more exposure, it will bring in new users, and it will create demand.

Coin burn and lock up


Oversupply has been in potential Tron investors from the beginning. To assuage those fears and worries, a billion tokens were burned right after the Main Net was launched to limit supply. Then the Tron Foundation locked up 33.25 Billion tokens, and they will remain out of circulation until the year 2020 begins. Tron is making sure the token is as scarce as reasonably possible to create a deflationary trend that drives prices up. It hasn’t worked yet, but it’s the right move nevertheless.

BitTorrent acquisition, BitBox listing, and blockchain.org purchase

The list of Tron (TRX) strides does not end, even though the things mentioned above are not that old but still, Tron is hitting the deck extremely hard that there are more recent things we need to discuss. Last month, it was confirmed that the blockchain project acquired the world’s best p2p platform, BitTorrent, which means it now has access to 100 million BitTorrent users.

Now, a couple of days ago, Tron went ahead and purchased blockchain.org domain with the intention to become Google of the blockchain world. And, then right after that, BitBox, a crypto exchange owned by Line (popular messaging platform), added TRX as its very first cryptocurrency on the platform.

In conclusion

Tron has more history in a single year than most blockchain projects have achieved in years. It’s finding adoption, applications, the leadership delivers on promises, and the technology is superior and flawless. 

There is a stark contrast in the way the project and the coin perform as one is outstanding and the other one is dismal. This can only mean that the TRX token value is undervalued as of now. The market owes Tronix a serious correction and, that will make the coin’s value soar. No worries, that’s probably coming.

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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 Pixabay.com

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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collateralized debt position
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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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