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TRON (TRX) Shuts Haters Up as it Comebacks with an 11% Price Increase

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TRON (TRX) has seen a significant increase in price after the last week’s major drops. The trading momentum is finally solid for this cryptocurrency, which is a good thing considering the upcoming migration, for which the company will launch TRON VM v.0.1.

TRX shows signs of recovery

This weekend saw a big increase in gains for all of the top cryptos, despite the bearish pressure that they have experienced recently. The process of recovery finally came and hit the cryptos hard in the last 24 hours. There is still a long way to go before the market can stabilize again, but the first few important steps have been taken.

The price of TRON has increased by 11.39%, which mark the highest gains among the top 10 cryptos. TRX value managed to climb back up to $0.0709, and many are interested to see where it is going to settle. Thanks to this recent development, TRX managed to gain around 10.74 over BTC, as well as 6.94% over ETH.

The current demand for TRON seems to be rather genuine, considering its trading volume in the last 24 hours, which was at around $602.55 million. Due to the bearish pressure experienced by the market, it might prove to be a challenge to sustain the current price.

TRON will soon go through a migration

Another big experience for TRON is a soon-to-be migration, which the company is planning. They have already scheduled the launch of TRON VM v.0.1, which will occur on May 25. Its creator, Justin Sun, has stated that TRON VM (Virtual Machine) is going to use a compatibility adapter, which will allow it to work with ETH VM.

He also stated that May will be a big month for this crypto, and the launch of TRON VM will allow Ethereum’s developers to migrate projects from ETH dApp to TRON.

TRON’s community has also commented on the recent development on various social networks. On Reddit, for example, there have been posts that say that TRON might push the ETH to the side. This is expected due to TRON’s promises of major speeds and minimal fees. If the erc20 tokens, which are keeping Ethereum alive decide to move to TRON, then the future of ETH might be obsolete. Of course, even the greatest TRON enthusiasts understand that this won’t happen overnight.

Another Redditor by the name of Crypto Papi says that the cryptos are clearly in a competition phase, even though everyone claims that there is enough room for all of them. The battle for supremacy is at hand, and whoever wins will be able to dictate the future regarding the tech adoption.

Even on Twitter, there have been many posts regarding the TRON’s success, and one user, in particular, has stated that their decision to start dealing in TRX was the best one yet.

It would seem that TRON has managed to get some good news after all, despite the last week’s alarming price drops. This is just what the investors needed to regain their confidence and trust in this crypto.

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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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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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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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