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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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