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

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TRON
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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crypto credit cards
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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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