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

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Tron

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

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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