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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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