As 2018 gets closer to its end, the so-called crypto winter continues, and many of the leading coins have lost a lot in terms of value and size. While there are those who believe that these coins will simply bounce back like many times before, there are others, who claim that the time has come for a new generation to take over the position of leading cryptocurrencies.
While there are many coins that show potential to actually take over, TRON in 2019 is one of those that are most likely to do so. Naturally, TRON itself also has supporters and non-believers, those who claim that it will bring forth web 3.0 and those that say that it is all just hype and clever marketing.
Looking at the evidence, it is more than possible that TRON will actually be among top coins of the third generation of crypto, if not its representative, just like Ethereum was for the second generation and Bitcoin for the first.
TRON in 2018
Like all coins, TRON has lost a lot of its value in January 2018 after the market crashed, and like every other crypto, it has yet to recover from this event. At the time of writing, its price is at $0.016643, while the coin itself holds the 11th position on CoinMarketCap’s list of largest cryptos.
Throughout the year, TRON has been announcing partnerships, new listings, projects such as its TestNet, MainNet, token swap, token burns, Representatives election, the purchase of BitTorrent, and finally, Project Atlas. While all of this only happened in a span of several months, this is only the tip of the iceberg of what has been going on for TRON throughout 2018.
Following the launch of its MainNet, the TRON ecosystem started to grow thanks to various dApps. Many of them are in development, with a few already being out. Many speculated that TRON might join projects such as EOS or NEO in attempting to overthrow Ethereum. However, TRON never had such plans. Its goal was, and is, decentralizing the network, and revolutionizing entertainment industry.
TRON in 2019
As 2019 approaches, the crypto market is in a bad shape. While there are all kinds of opinions regarding the future of crypto, the entire community still believes in some kind of a future and is interested in discovering what it might hold. Right now, TRON’s blockchain is making steps towards becoming a cryptographic asset platform, with numerous ambitious projects in the pipeline.
We have already mentioned project Atlas, undoubtedly the most exciting of all known plans that TRON is working on. It includes BitTorrent, which TRON obtained in June 2018. While only a small portion of BitTorrent users will actually interact with TRON in any way, it is still expected that a lot of new users will enter the ecosystem this way.
The project’s primary feature seems to be TRX rewards for seeding. Seeding is a process that happens after a file is downloaded by users. Users can choose to host said file and allow others to transfer data between each other. While there are many that were doing this already out of the sense of community, there are also many that chose not to do it. Now, thanks to TRX rewards, they might reconsider doing it once more.
What BitTorrent does is similar to what TRON aspires to become, and obtaining it was a big step in the right direction for TRON. BitTorrent also already started accepting BTC, TRX, and even BNB as payments for premium services. This has happened yesterday, on November 28th, and TRX is still growing by 32% at the time of writing, as a consequence.
Another use case of TRON is for paying a monthly membership on Pornhub. Most TRX tokens are used for the coin’s dApps, or in trading.
For now, TRON is expected to continue developing its projects, with a special focus on project Atlas, throughout 2019. As mentioned earlier, its ecosystem is getting more and more dApps, and experts believe that the real production of decentralized applications will start next year. As a result, the coin will get much more attention, and will likely experience a significant price surge.
Whether or not it will lead a bull run, or just participate in one, remains to be seen. However, many are optimistic regarding TRON’s future, its projects, and especially its token.
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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