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TRON (TRX) Won’t Be This Cheap For Much Longer

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TRON (TRX) looks to be stuck in and around the $0.06 level but don’t be fooled – it’s not staying this low for long.

Some holding right now may have picked up back at the start of the year and if that’s the case, are sitting on a circa 20% gain. At the same time, however, these same holdings were at one point up more than 760% (between Jan 1 and Jan 5), so the dip back down to current levels from $0.26 highs is probably going to seem like a real hit.

Indeed, this Forbes contributor certainly feels that way.

We’ve said it before, however, and we’ll say it again – this one isn’t staying at current levels long.

Tron is one of a handful of top 20 coins by market cap that are currently trading at penny levels (so, below $1), with the others being Stellar (XLM) and NEM (XEM). The reason that this sub-dollar pricing is important is because it plays a significant role in the psychology of buying cryptocurrency. People have seen bitcoin rise in price by thousands of percentage points over the last decade. They’ve heard stories of people buying thousands of ETH when they were below a dollar and becoming millionaires on the back of the subsequent rise in price we’ve seen over the last couple of years.

TRX Daily Chart

TRX Daily Chart

They missed out on this run and they want to make sure that they don’t miss out on the next one. So they have a choice – pick up a fraction of one of the larger coins and expose yourself to a fractional appreciation or pick up ten thousand of one of the sub-dollars for (in the case of Tron) $600 and stand to gain considerably if the coin goes to a dollar or more.

This psychological incentive to pick up an exposure to these small price coins is enough in and of itself, in our eyes, to pick a coin up from current lows and once things start moving it’s only a matter of time before the markets start to see the rise and the speculators pile in and push price up further.

Of course, speculative attention isn’t enough to sustain a long-term revaluation, so it’s all about fundamental developments looking a little farther down the line – which is where the coin’s most recent announcement enters the equation.

We actually alluded to this catalyst as part of this piece, which hit press at the end of last week here at Global Coin Report. At the time, we’d just seen Tron’s founder Justin Sun announce via Twitter that the company was expecting a near-term major exchange listing.

Sun didn’t say which exchange was set to list the coin, which got markets pretty excited about which company would be tied to the reveal.

And it didn’t disappoint.

Yesterday, Sun announced that the exchange that’s set to list TRX is Huobi – one of the leading global exchanges and a major player in the blockchain asset trading space (so, coins as well as tokens).

Huobi is actually listed at number 5 over at CoinMarketCap right now in terms of twenty-four-hour volume, having logged just shy of $1 billion volume since this time yesterday.

This is a big deal as it dramatically improves liquidity for TRX, meaning there’s plenty of room for speculative appreciation as and when the above-outlined market forces come in to play. Couple this with the fact that we should see a listing driven boost based purely on the added exposure and Tron looks like a real winner at current prices.

Don’t get left behind.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.


Image courtesy of Tron.

Bitcoin

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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Bitcoin

IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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Bitcoin

4 things you should know about bitcoin casinos

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Bitcoin casinos
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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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