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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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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