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What would be the performance of Tron (TRX) by the end of 2018 now?

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Tron TRX performance

As cryptocurrency users, one of the things we seek the most is that a particular coin reaches heights never seen before, and of course, to obtain a profit from it; a fact because of which the current panorama of the cryptocurrency industry is not so encouraging for many of us.

Every day we see more and more top cryptos with numbers in red that leave us questioning, what’s the actual future of this coin? Well, that is, in fact, a question that has been very much outside in the industry for those who have been putting their bets on TRON (TRX), the current number 10th cryptocurrency by performance, that was forecasted to hit the moon just when the long-awaited launch of its MainNet would happen.

We all were expecting a remarkable boost for the coin right after the launch on May 31st, but the truth is none of this has happened so far. Let’s see the reasons that may be behind the impasse of the crypto, and the main logic to keep believing the coin will take off very soon.

The volatility of the market

If truth be told, the current performance of all of the cryptos in the market has been worrying, many of the coins considered as the best are now trading on values never seen before, but in a negative way. However, if there’s something we have learned from the cryptocurrency market is that volatility is and always will be a present factor in the industry.

Just to get an idea of how volatile the market can be, one can mention the moment when TRON (TRX) itself grew 3,500 percent in just one month. So even when the current panorama for cryptocurrencies is not the best, we can be sure that it won’t be like that for that much of a time.

3 reasons to believe TRON (TRX) will go up any time

Characteristics of the coin in the market

At the moment of writing, TRON (TRX) figures at the number 10th position in the market with a price per coin of $0.06048 (3% increase in price in last 24 hours). Even when the coin just lost its 9th position, and it has been trading in red recently; still, the crypto has managed to stay afloat, being one of the top 10 virtual coins of the market.

In addition, the coin is one of the cheapest of the industry and the most accessible coin out of the top 10, which facilitates the investment of potential holders who can buy at a low price and expect an outstanding growth. In fact, the coin is forecasted to surpass the $1 mark in just a couple of years, and if we consider the fluctuations of the market and its historical behavior we can be sure this will happen sooner.

Recent partnerships

TRON (TRX) has not settled down with the launch of the MainNet. The company has recently engaged with the entertainment industry, developing some valuable strategic alliances with enterprises of the sector such as Game.com, UPlive, oBike, and Bitmain.

The same way, TRON is collaborating as well with the company vSports in the development of a sports ecosystem and the optimization of the several procedures of the sports industry. At the same time, developers are trying to build a platform to help content publishers to publish their content in a more free-way.

All of this partnerships are expected to surge an effect on the value of the coin, so very soon we could be seeing a remarkable increase.

Justin Sun connections

One of the biggest positive facts about TRON (TRX) is the connections the cryptocurrency has been building up due to its Chief Executive Officer, Justin Sun. The businessman has strong relations among the industry, among we can count the one with the CEO of Alibaba, the giant of the E-commerce, Jack Ma.

According to declarations of Sun, TRON (TRX) was designed to be as competitive as possible, and its primary mission is to make the coin the one to follow as a must for all the crypto enthusiasts. Like this, he’s willing to create the most reliable connections in the industry, building up solutions for the whole sector.

Conclusion

Even when the numbers are currently in red, TRON (TRX) still positions itself as one of the strongest coins in the industry. The crypto is expected to hit the $1 mark very soon, and massive adoption of the MainNet can take the TRX market capitalization to even $36 billion.

Many experts of the industry openly support the coin, for instance, the controversial but highly accurate John McAfee who had said in several occasions the coin is destined to hit the sky.

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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 Pxhere.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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