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Tron (TRX) Will Dominate in Q3 of 2018 and Beyond

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There has been a feeling of investor fatigue amongst the Tron (TRX) Community of HODLers who have been waiting for a Moon landing of their favorite digital asset. In just one year, the Tron project has accomplished some feats only seen by fortune 500 companies. We are talking about acquisitions and partnerships from all across the globe in a matter of a year. We have the acquisition of BitTorrent and its endless possibilities as shall be elaborated in a few. We have even the Tron Foundation partnering with MOSHROOM which is a portable smart toilet manufacturer with aims of improving public health in the greater China and India region.

So why will Tron Dominate in Q3 and Beyond?

Unbeknownst to many, the Tron Mainnet has not yet started ‘hosting’ Decentralized Applications. The current version of the Tron Virtual Machine is a test version that is for the world of developers to test drive and find bugs before the main Virtual Machine is upgraded onto the Mainnet on the 30th of August. This means that the Tron DApps such as Peiwo with 10 Million users, are yet to be migrated onto the Mainnet. Once that is done, the Tron network instantly gets a cool 10 Million accounts and users. There is also an additional 17 DApps that are yet to migrate onto the Tron Mainnet. Once this is accomplished, it is all systems go for the Tron platform.

Secondly, there is excitement in the Tron Community that there will be a Decentralized Exchange that is built on or geared towards the trading of tokens that will be created on the fully integrated Mainnet. We all need to remember that the Tron network will be smart contract capable with a speed of 2,000 transactions per second. This means that tokenization will be a breeze for any ICO that wants to build on the Tron Network. There is also the possibility of artists and content creators, funding their projects in a crowdfunding manner using the Tron Network and their own tokens with dividend sharing capability. These tokens will need a Decentralized exchange that has been rumored to be called TRXMarket.

Tron Decentralized Exchange

Thirdly, the Tron Community is leading the way in terms of cryptocurrency adoption. We have cases where TRX is being accepted as a form of payment for Taxi rides in Spain as well as in restaurants in the same country. There is also Bitnovo.com with over 20,000 stores in Spain and Italy where you can buy TRX. The pace and speed at which TRX is becoming a medium of exchange is astonishing and could soon eclipse larger coins such as Litecoin. We even have TRX being part of the Bitcoin Superstore.

The fourth and final reason why TRON will dominate in Q3 of 2018, is Justin Sun’s vision of a decentralized internet. After the acquisition of BitTorrent, Justin presided over a company-wide meeting – San Francisco and Beijing Offices – facilitated via video conference call. During the meeting, Justin outlined his vision of returning the internet back into the hands of the users. He is quoted as saying:

“The Internet was decentralized when it was first created. Since Web 1.0 in the 80s, we believed that Internet services should be built upon an open protocol shared by the web community…TRON intends to be the largest decentralized Internet ecosystem in the world. With the mission of making the Internet decentralized once again, we are dedicated to making decentralized Internet services available for everyone in the world.”

The mission to decentralize the Web starts now and will take between 10 and 20 years to complete. Justin and the Tron foundation is committed towards this vision. This process will be made possible by the integration of the BitTorrent platform via Project Atlas.

In conclusion, the investor fatigue is very much understandable in relation to TRX. But it is often said that greatness comes with hurdles. One of the hurdles is the current bear market preventing TRON from being great in the markets. But that is okay since all the focus is on developing a solid platform by the Tron Foundation.

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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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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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