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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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