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TRON (TRX) – You Should Not Give Up on it, and Here is Why

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Ever since the end of last year, when cryptocurrencies reached an insane height in their value, things have seemed to go downhill for them. The prices dropped, and panic started to spread, which caused a lot of investors to consider whether or not they should give up on cryptos. One currency in particular – TRON (TRX) – seemed to have suffered a lot from this. However, many have started to wonder if the situation is truly as bad as it seems.

Is TRON really in trouble?

For those who might not know, TRON (TRX) is a decentralized ledger protocol. It was made on blockchain tech, and its goal is to create a stable framework that will help with the content distribution on a global level.

Since the start of 2018, it lost a lot when it comes to value, with its price going from $0.30 to $0.03. According to the CoinMarketCap, at the time of writing, its value went up to $0.08. However, this does not mean that the team behind TRON has given up. In fact, they are working hard to prepare and launch this crypto’s MainNet, which is expected by many to become a complete game-changer for this currency.

TRON’s journey of recovery started almost immediately after the price drop that affected all cryptos. There were a lot of scheduled events, including the Coin Burn, MainNet’s Beta launch, as well as the network’s full launch. Instead of rushing into it in order to save what it can, TRON decided to take things slowly and do the job right. Just recently, they also released an Odyssey update.

There were many who claimed that the team behind TRON is incompetent, but the actions like this seem to indicate quite the opposite. TRON’s team includes some of the best and the brightest in the blockchain industry, and let’s not forget that they are led by Justin Sun, who seems to never sleep. There were even claims that Sun is trying to trick his investors and cash out, which would have definitely allowed him to spend the rest of his life quite comfortably. Instead, he keeps tweeting updates about the project, which means that both he and his team are still working hard.

What does Justin Sun think?

According to his tweets, Sun sees TRON as one of the most usable cryptos available. This will increase even more once the MainNet is finally released. It will bring so many improvements, that his claims might prove more than valid.

Some of the features include things like nonexistent fees for the TRX consumers. According to expectations, the fees might only consist of a fraction of a USD. And, let’s not forget the scalability, which is expected to become the word most associated with cryptos by the end of the year, according to some.

The truth of the matter is that the platform will bring a huge difference when it comes to TRON. There were a lot of negative reactions to it, but that can only be expected, considering how big and strong this crypto can become once the MainNet goes live. Every other large brand has as many “enemies” as it does supporters. Justin Sun’s vision for TRON can lead it to greatness, and the team keeps getting new partnerships, which is not something they would be able to achieve if there was no future for TRON.

Because of this, you should stick to your TRX tokens for a while longer, and see if TRON can fulfill its potential, and rise up to conquer the challenges set before it.

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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.

Image courtesy of Sean O’Brien via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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