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Tron (TRX) still struggles, but recent cheerful developments will help

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Tron TRX
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Tron (TRX) hasn’t been at its best since last week (we should rather say as the year started) and at the moment, it is still trying to get its momentum. The cryptocurrency failed to break the 50-day Moving Average last month; still, Tron’s slow stochastic is showing a bearish movement. Although the market isn’t yet stable, Tron (TRX) is trying to recover from its immense losses.

Tron has accomplished a lot recently, and lots of positive news are flying around it. This is due to the launch of its TVM and the acquisition of BitTorrent. It is necessary to know that Tron’s VM (Virtual Machine) will assist in the development of new Dapps (decentralized applications) and other upcoming projects on its network.

Additionally, during the launch of its Virtual Machine, its CEO, Justin Sun, also explained a ‘secret project’ called Project Atlas. Sun made it clear that Project Atlas will help merge BitTorrent and Tron’s network. He also said that Project Atlas doesn’t need a mining system, rather, there will be an exchange of ‘available’ tokens around users.

Moreover, Tron’s daily transaction has increased to nearly one-third of Ethereum’s. According to a statement made by TRX Colony on Twitter, in which Justin Sun twitted himself. It says:

TRX stared Aug. with only 30,100 transactions a day. By the end of the month, the average of daily transactions was nearly 1/3 that of Ethereum. Tron is the fastest growing coin, this rocket ain’t stopping for anyone.”

Sun himself stated before the launch of Tron Virtual Machine that:

TRON is 80 times faster than Ethereum. With 14 years of experience, BitTorrent is providing a world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world!”

These projects/developments are positive ones but despite all these, there isn’t any positive increase in Tron’s price yet. At the time of writing, TRX is priced at $0.02517 and it is in the red. Since it is the first day of the week, its trading volume hasn’t increased yet. It is likely that the price and the trading volume of Tron would increase once more audience begin to know about Tron’s recent positive developments from last week or so.

Tron’s positive developments are seen as a support for its community. The digital asset is seen as Ethereum killer and Sun recently stated that “Tron (TRX) is a better network than Bitcoin (BTC) and Ethereum (ETH) in terms of decentralization.”  As it seems, there probably is a lot more to come from Tron yet.

Nevertheless, the market seems to be moving favorably during the past few days, which clearly shows that things are beginning to turn into shape. Tron as a company will also turn into shape so as its price and volume. We hope Tron’s positive development have a good impact on the price of TRX in a long run.

We shouldn’t neglect the fact that this is the best time to buy TRX as the market begins to recover again. Although the next couple days will be determining – we hope that things turn out right.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Aziz Acharki on Unsplash

Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Bitcoin

Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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