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

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Tron
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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