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TRON (TRX) Settling Down Within the Top 10 Cryptocurrencies

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Tron (TRX)
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For a lot of people within the crypto community, TRON (TRX) represents an example of how a cryptocurrency should develop. Indeed, in 2018 alone, TRON has gone from being an ERC20 token to launching its own MainNet, numerous projects, dApps, and even other tokens that were created on its own blockchain.

During that time, however, the coin’s value remained mostly unaffected, except when the bearish market would bring it further and further down. However, the coin’s value and its inactivity is only the surface situation. Underneath it, this is one of the busiest coins on the market.

Thanks to its “killer dApps”, TRON has managed to achieve new records when it comes to the number of transactions per day, week, or month. The coin’s trading volume has also reached quite impressive heights on occasion, even beating Ethereum. Furthermore, its market cap is currently at $951 million, which brings TRON very close to the $1 billion-club.

For now, the coin remains in 10th position on CoinMarketCap’s list of largest digital currencies, with Cardano (ADA) being only one step behind, and Bitcoin SV (BSV) standing in the way.

Many in the crypto community have criticized TRON’s creator, Justin Sun, for bringing too much hype to the coin through his constant tweets. According to them, Sun has built TRON on enthusiasm alone. Whether or not this is true is still a matter of debate within the community, but the fact is that TRON is advancing rapidly, especially in terms of projects and partnerships.

It already has a very popular betting dApp, a game that relies on TRX, as well as its own DEX. Furthermore, its mainnet currently has over 900,000 active users, according to Justin Sun’s recent announcement.

Despite the low price, TRON seems to be doing rather well in terms of popularity and usage, which is what is keeping the project among the top 10 cryptocurrencies. In fact, some even place it among the top performing coins of 2018. However, the matter of its actual value remains debatable.

According to predictions, TRON’s value is going to continue its gradual drop over the next few years. While these predictions are not accurate, they are based on the coin’s behavior so far. However, it should be noted that the crypto market still remains unstable and that the situation can change, for better or worse, at any time.

The fact remains that TRX remains among the most heavily-used coins, with a current daily trading volume of nearly $89 million. In combination with its 39 active dApps, TRON doesn’t seem like the project that will lose support anytime soon.

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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