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TRON (TRX) Surges by 20%

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A number of cryptocurrencies have seen a lot of positive development in early 2019, with most of them experiencing significant gains, followed by mild drops, only to start gaining more value once again. TRON (TRX), for example, has just recently surged by as much as 20% within 24 hours.

TRON has made a lot of progress in 2018, from launching its MainNet to benefiting from popular new dApps and announcing massive projects such as Project Atlas. In the meanwhile, the coin entered more partnerships than anyone can count, and new announcements of listings are constantly coming.

Its market cap is also rising, and after spending months ranked as 11th largest coin, TRX has recently started to move up the list. The real progress was made after it managed to enter the top 10 list, and after that, within only a few short days, TRX managed to rise to the 8th spot, which it holds at the time of writing.

This was a significant milestone for TRON, not only because it climbed so high up the list, but also because its market cap surpassed $2 billion.

Meanwhile, TRON’s creator, Justin Sun, continues to publish important announcements via his Twitter account. Recent examples of important news include submitting the proposal that will allow TRC-10 token transfers in smart contracts, which is expected to go into effect on January 11th, new milestones hit by TRON dApps, new listings, and alike.

TRON grows while the crypto market trades in the red

The new price surge might be attributed to these successful moves, which have finally impacted TRON’s price as well. This is a clear contrast to last year’s situation when TRX made some very important moves which made countless headlines, but its price never moved in any significant way.

At the time of writing, TRX is valued at $0.031183, according to CoinMarketCap. Its the market cap is just over $2 billion, while its daily trading volume sits just below $700 million. The current growth originally started on December 17th, and it kept on growing ever since this day. The holiday season has slowed down this upward trend by a bit, but it never discouraged it from continuing to rise.

Many were hoping that this would be the case in 2019, and while a lot of coins did start the year trading in the green, nearly all of them are currently losing value, with TRON and a handful of other coins being exceptions.

As for TRON’s plans for the future, most of them revolve around completing the projects that were started in 2018, developing new dApps, and continuing with the coin’s expansion in regards to partnerships and exchange listings. While the current growth seemingly came out of nowhere, many would argue that it was long overdue, and TRON community members seem to be optimistic regarding the coin’s future.

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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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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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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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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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