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Tron (TRX) – It’s Time to Buy the Dip

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Tron
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Having secured its place back in the top ten cryptocurrencies by market cap, Tron (TRX) has doubled in value recently, giving the hodlers of this rising crypto-star a welcome boost to their portfolios. Awaiting the release of the TRX main net and subsequent migration of the ERC 20 token from various exchanges, the multitudes of investors cheering the recent price increase are now awaiting the date that this exciting news becomes fully realized.

And while they wait, hodlers must also endure the slight fall-back in value all coins experience after the hype surrounding their favorite altcoin fades. With an insatiable need for instant gratification, a number of weak-hands who rode the currency’s recent wave have abandoned ship before it sets sail. And while this laughable setback may seem disheartening to recent buyers, keen investors regard the current drop in value as a welcome opportunity to add to their stacks in anticipation of the inevitable moonshot.

For many, May 31st, the date set for the main net release may still seem an eternity away. But the countdown has started and before we know it, the 10,000 transactions per second (or more) promised by this exploding entertainment platform will turn the entire crypto-industry on its head, upending the likes of Ethereum (ETH) and supercharging the wallets of believers around the world once again.

Until then, however, we must search untiringly for news-worthy tidbits to keep us entertained.

A recent airdrop to the Ethereum (ETH) community stole the crypto-community’s attention for a short while. The large number of transactions (releasing 30 Million TRX to Ethereum (ETH) investors) was seen as a thoughtful nod to the original smart-contract blockchain platform, without which the TRX dream could not be fulfilled. However, in a twist not foreseen by Vitalik Buterin and his ‘sharding’ followers, delays reported by consumers waiting to receive their tokens only served to highlight the need for a newer, more robust blockchain.

Tron (TRX) will be happy to fulfill that need soon.

Among the reasons to remain excited is the foundation’s commitment to decentralization. Keeping the Tron (TRX) platform decentralized has always been the goal of the founder, Justin Sun. Having released his graduate thesis on decentralization, we can now see that the Tron (TRX) main net is but a step in the direction of decentralizing not just the currency, but the internet as a whole. Having graduated from Hupan University (the prestigious university founded by Jack Ma) Justin Sun will now focus his attention solely on this dream.

Accordingly, exchanges trading the ERC 20 token are showing their support for the coming migration, assuring the market that their coins will be transferred to the main net without the need for consumers to act. Gate.io, among the world’s leading exchange platforms, is showing their support. Binance and Bitfinex are in as well. And as the exchanges of the crypto-universe continue showering support on this blockchain concept, consumers are beginning to feel much more relaxed about leaving their TRX on their favorite exchange, to be transferred automatically in the coming weeks.

The day nears when the world’s TRX is no longer confined to the Ethereum blockchain. And starting on that day, the real value of this incredible crypto-product will begin to be truly realized. By user base alone, Tron’s main net will prove the largest blockchain currency available. By transaction speed, it will prove the fastest. And with the hardest working founder announcing the platform’s accomplishments from the top of his lungs (thanks Twitter), the world will soon be forced to reckon with a brand new blockchain.

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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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