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TRON’s (TRX) Justin Sun Teases a Secret Project Starting on July 30

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Tron
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The creator of TRON (TRX) Justin Sun has hinted recently that TRON will have another project soon, starting on July 30th. There is currently no information on what Sun calls the ‘secret project’, which has led many to wonder – what is Sun planning next?

TRON’s many achievements

Even after all of the successful projects that TRON has had in the recent months, this cryptocurrency still doesn’t show any signs of stopping. And there were many, many victories for this crypto recently, and if we were to only talk what TRON has managed to do in June alone, it would take us a long while.

Apart from achieving a lot recently, TRON has also promised a lot. Following the launch of the MainNet, TORN has spent weeks uncovering new features that the MainNet will offer. Additionally, there was even an announcement by Tronics University, which is a platform based on TRON’s MainNet that will focus on offering education regarding cryptocurrencies and the blockchain technology.

The announcement did not really offer a lot of detail, but the post did allow the idea that the students might be incentivized to learn.

It’s important to mention that Tronics University is not truly a TRON-backed project. Instead, it belongs to Team Tronics, who was participating in the election for TRON’s Super Representatives.

Justin Sun mentions a secret project

Nearly two weeks back, when Justin Sun decided to commemorate TRON’s Independence Day by speaking in a live stream, he mentioned something that has caught the attention as well as the imagination of many of TRON users. He first congratulated the team for managing to meet all the deadlines and follow TRON roadmap with extreme precision. He reflected on all that the crypto has managed to accomplish so far, and has stated that the next important milestone will be July 30.

Not only that, but Sun also mentioned that this is the date when TRON’s new secret project will start, or at least be revealed. Finally, he promised that this will also be the date when TRON Virtual Machine will be delivered.

This has left the coin’s community quite astounded, and everyone is (im)patiently awaiting the end of July.

TRON Virtual Machine is coming soon

This mentioning of the TRON Virtual Machine is, of course, nothing new, and the team has already launched the project’s alpha version on May 25. The Virtual machine’s purpose is to help MainNet developers to make their very own versions of the blockchain. That would directly allow coin creation, as well as the use of smart contracts.

Sun has described this new blockchain as convenient, scalable, efficient, and secure. This might be a big game-changer for TRON, considering how most of the smart contracts were being created on Ethereum. However, TRON’s decision to enter this field has brought several advantages to those who decide to go for TRX instead of ETH.

One of the biggest advantages is the fact that the Virtual Machine is going to be free for operating both smart contracts, as well as performing transactions. TRON’s goal is to deliver a product that will make the developers’ jobs easier and more economical, which will lower the entry barrier for new MainNet developers.

Obviously, TRON is no more only a cryptocurrency at this point. Instead, it is trying to completely change the online entertainment world, and it plans to do so through the use of the decentralized network. Of course, TRX is still an important part of this plan, since it acts as MainNet’s backbone. It can and will be used for pretty much anything, from gaming to academic portals.

As for the secret project that Sun has mentioned in his speech, both the TRON enthusiasts, as well as the rest of the crypto world, can only speculate on what it might be about. At least until June 30th, when Sun has promised to unveil where TRON is planning to go next.

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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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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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