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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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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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