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There's every reason to believe that Tron (TRX) is severely undervalued - Global Coin Report
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There’s every reason to believe that Tron (TRX) is severely undervalued

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Tron TRX
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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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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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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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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Ripple
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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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