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TRON (TRX) Supporters are Preparing for the MainNet Launch

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The recent change in market has seen an increase in the value of many cryptos, but TRON (TRX) seems to be the one that is doing best during the new period of recovery. Its soon-to-be launch of MainNet has seen a lot of supporters joining TRON, including 8 large crypto exchanges.

Cryptos recover from a price drop with TRON taking the lead

There has been a lot of desperation in the crypto world prior to Monday, May 14, where cryptos experienced yet another shift in their market value. The prices were dropping at an alarming rate, which caused many investors to rethink their investments into digital currencies.

Ever since yesterday, however, the situation has been nothing but great, with a lot of coins seeing an increase in their value once again. The new period of recovery has started, and it would seem that TRON (TRX) is doing better than any other crypto. It is currently the only digital currency whose increase in gain went up to double digits and has profited by 11%.

A lot of other cryptos, despite the fact that their value is also on the rise, have their gains reduced to a minimum. The closest crypto to TRON is Stellar Lumens (XLM), and even Stellar has only 8% increase. TRX’s current market cap is at $4.9 billion, and the token’s individual worth is at $0.074. However, many believe that this is just the start for this crypto and that it will rise even more in the coming days.

If so, it will definitely be a consequence of TRON’s recent victories regarding its technology development. After all, it did successfully launch its test net, with MainNet’s launch soon to follow. Prior to that, it already had many successful events and projects, including project Genesis, VM launch, SR elections, as well as token migration.

TRX has also been listed on many exchanges recently, all in anticipation of the MainNet, which is expected to completely change this token’s future. Finally, the use of ERC-20 tokens will be eliminated, and TRON will officially get its own coins. It is more than understandable for all the excitement that envelops its community.

TRON’s support includes big names

With the MainNet’s launch coming closer and closer, the currency has been upgraded to many different exchanges that are willing to help out with coin’s migration. Among them are the 8 big exchanges that have announced their support and help during this important period, especially since all of the activities involving trading will be frozen during the token transformation.

According to the exchanges, all of the user’s assets will be migrated automatically, and their post-installment restoration is ensured. The new platform will then bring a lot of new benefits, and is also expected to increase the token’s price further than ever before.

Among the first exchanges to stand beside TRON was Bit-Z, which announced its support back in April. Its total market cap is at around $254 million, and its trading of TRON is definitely helping it out. TRX trading takes the second place in this exchange’s business transactions, and it accounts for 15.62% of the current trading volume.

The second one to announce its support was Bittrex, which decided to do so on April 27, and TRX is currently placed third on the platform’s most traded list. After Bittrex came Bitfinex, which decided to stand beside TRON even though it is not that high up in the exchange’s trading activities. Recent exchanges that pledged their support in may include a less-popular Bibox, as well as a trading giant Binance, who joined in on May 8.

Binance’s market cap exceeds $1.39 billion, and TRX holds the 4th spot as the most traded currency, so it is obvious why this action alone was a large event in the TRON community. Finally, the last exchanges to join so far include Coinnest, Coinrail, and Zebpay.

Many more announcements are expected as we advance towards May 31, as many others are expected to join TRON on its journey to greatness.

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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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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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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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