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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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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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