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Two Newest Exchanges to Accept TRON (TRX)

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TRX
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The last week has seen an overwhelming development for TRON (TRX) cryptocurrency, and the total exchange listing following the launch of the MainNet has climbed up to 5 in the single week. TRON’s newest victories include this crypto being listed on CoinEgg, as well as BitoPro.

TRON joins two new crypto exchanges

It has only been 8 days since TRON (TRX) launched its MainNet, and its tokens haven’t even finished the migrating process from Ethereum’s to TRON’s blockchain. However, this has not stopped this crypto from continuing on its way to conquer the crypto world.

The newest development has seen TRON’s coin listed on up to 5 new crypto exchanges, the newest ones being BitoPro and CoinEgg.

CoinEgg has shown an incredible amount of support and has even announced that it will support the token migration. It will also assist with the MainNet mapping tasks that are expected to come later this month.

TRON’s other victory includes its enlistment on BitoPro, a Taiwan-based exchange. This Thursday has seen both the deposits, withdrawals and even full trading services going love in this exchange. Right now, TRON is available for trading in TRX/TWD trading pair. This is the second Taiwan dollar pair that TRON has entered this week, the first one being within Max exchange.

This is only the latest one of over 100 trading pairs that TRX has managed to enter so far. Still, it is far from being a meaningless achievement for TRON, especially since the BitoPro platform is known for targeting large global investors. It has done so for over 4 years, during which it operated Bitcoin wallets, among providing other trading services on the territory of Taiwan. The platform is also known for the noblest goal – the establishment of a global blockchain asset exchange platform, which would provide convenient and professional, but also a safe and trustworthy platform for trading digital assets.

TRON’s price fails to follow latest achievements

Prior to the launch of the MainNet, many expected that this event will have a large impact on TRON’s price. However, it has been a week since the launch, and TRON has entered many partnerships with various entities so far. However, the price has still failed to make a large increase that has been expected.

There have been a lot of comments on social networks, mainly Twitter, that have commented on this lack of change. There has been a lot of support for the TRON’s team, with TRON enthusiasts claiming that such a large change cannot happen overnight. Instead, small progress every day is what will bring TRON to the top.

There were also some negative comments, with a hint of disappointment or even complete lack of support. However, the majority of the TRON’s community is just thrilled to constantly receive announcements of new partnerships, listings, and continued development.

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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

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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Hodium
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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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