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Tron (TRX) Still A Fan Favorite And A Safe Bet Moving Forward

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Tron
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No coin or token has been spared from the recent market decline that has seen the total market capitalization drop from $400 Billion only last week, to current levels of $324 Billion. Earlier in the day, this value had dropped to $303 Billion leaving a lot of crypto-traders worried. This market decline has also seen Tron (TRX) drop from $0.10 on April 30th to new lows witnessed on May 29th at $0.0574. This is a drop of 42.6% in a month. TRX is currently trading at $0.065 at the moment of writing this.

But Tron (TRX) is still a fan favorite and a safe bet for any investor out there willing to weather the ups and downs of the turbulent crypto-markets.

To begin with, the MainNet is finally here and will be released on the 31st of May. The MainNet will not do an immediate token swap but will undergo vigorous testing for 24 days up until the 25th of June when the Genesis block will be launched. This period of testing will allow for any security vulnerabilities to be discovered ahead of time to avoid scenarios such as the ones being experienced by EOS.

Secondly, Tron has just been ranked first in Github commits once again this week. The project now has 169 commits compared to its closest rival that has 117. This proves that it is a fan favorite. It is also the favorite of exchanges in terms of those which are willing to assist in the token migration on the 21st of June. The current number stands at 18 and is surely to grow before the 21st of next month. The exchanges are as follows:

  1. Bit-Z
  2. Bitbox
  3. Bittrex
  4. Binance
  5. Bixin
  6. Bitfinex
  7. Bitpie
  8. Bithumb
  9. Coinnest
  10. Coinrail
  11. DragonEx
  12. Liqui
  13. Gate.io
  14. RightBTC
  15. UpBit
  16. ZebPay
  17. BITKOP
  18. Bitpie

Thirdly, the project is being run by an enthusiastic young CEO, Justin Sun. He is a protege of Jack Ma and was the first to graduate in an University founded by Mr. Ma. The Hupan University recently held its first graduation with Justin being the first millennial graduate of the institution. This is a clear indication that Tron is in good hands.

Last, but not the last reason why TRX is still a safe bet moving forward, is the cheapness of the token. TRX is currently trading at $0.065 as earlier mentioned and available in 99 exchanges. This means that it has a wide reach in terms of trading platforms with more listings to come in the future. TRX will indeed be able to become a Top 6 Coin Once Again.

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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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