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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

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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Blogs

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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