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Tron (TRX): When Will TRON Get To $1?

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TRON (TRX) has been one of the most promising crypto projects to date. Almost every other day, TRON is announcing new progress, new big projects, another partnership, and alike. Its creator, Justin Sun, has also managed to create one of the strongest and most supportive crypto communities around TRON.

With all of that taken into an account, TRON should be as huge as Bitcoin by now, right? Well, not quite. In fact, the coin’s value is only a fraction of a cent. However, there are multiple factors that have led to this, and the current situation is likely not going to remain forever. So, let’s take a closer look at the coin, and try to figure out when will TRON get to $1.

Why is TRON’s price so low?

In a lot of ways, the price of a cryptocurrency is one of its main representatives. This is especially true when it comes to newcomers to the crypto world, that are not yet aware of how to properly study a certain coin. With that in mind, TRON’s price would make you think that it is among the worst coins around. But why is its price so low, if the project has had so much success, especially now, in 2018?

Well, there are a few reasons. The obvious one is the bear market that has held a tight grip on the entire crypto world since January. This is old news by now, but in short, the losses were so great that a lot of coins managed to lose over 90%. Even the mighty Bitcoin is only valued at $6,400 at the time of writing, while in January its price came to $20,000.

Naturally, TRON was no exception, and the coin fell to some new lows. Another reason why its price is only $0.018648 right now is its huge circulating supply, as well as its, even larger, total supply.

When you look at Bitcoin, it’s price is dominant when compared to any other coin. No other coin even comes close, in truth. However, Bitcoin’s total supply is only 21 million BTC. Its circulating supply is barely over 17 million BTC. Now, compare that to TRON’s circulating supply of 65.7 billion TRX, and a total supply of 99 billion, and you get the idea why the coin’s value is as low as it is.

What can be done about it?

TRON has been one of the busiest cryptocurrencies around, and it has done a lot to improve its value. The value of the digital coin mostly comes from how useful it is, and TRON has made itself very useful. It did so through different partnerships, huge projects, personal expansion, and alike. However, likely due to the bear market, this was simply not enough.

The coin also tried to tackle its oversized supply through token burns. Ever since the launch of its MainNet, TRON has been transferring its coins to a new blockchain. The leftover coins that are still in form of ERC-20 tokens have been burned on several occasions so far. However, there is still too much TRX around to impact its price in any important way.

So, when will TRON get to $1?

This is a difficult question to answer, especially due to the market’s behavior. A lot of analysts have been predicting the coin reaching $1 before the end of 2018. However, that seems less and less likely to happen as we approach the date. It would take a huge change for such a jump to occur, and if nothing like that happens, the earliest that we can expect TRX to hit $1 is at some point in 2019.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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Is there a Real Value to Binance Coin (BNB)?

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Binance Coin (BNB) is one of the most interesting cryptocurrencies at the market right now. The coin was developed by the largest crypto exchange by trading volume in the world, and it only works within the exchange’s ecosystem. However, it still managed to achieve what many believed was impossible — it stopped following Bitcoin’s lead, and it started carving its own path.

At the very least, the coin is highly intriguing, but does it hold real value? This is a question that many in the crypto community have been asking for a while now, uncertain whether BNB is a worthy investment or not.

What gives BNB its value?

Binance Coin cannot be used for purchasing goods and services, like Bitcoin. It currently does not fuel a development platform like Ethereum. It cannot even be used as XRP for sending international payments. However, the coin had still managed to triple its price in the last three months and to surge when most other cryptocurrencies were seeing losses due to the last remnants of the crypto winter.

BNB managed to achieve all of this because of its use cases within Binance, but also because of its future potential. First of all, Binance is the largest crypto exchange in the world, with millions of customers, most of which use the exchange on a daily basis.

This means that the exchange inspires…

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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy…

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Why Binance Could Become The First Centralized Company To Achieve Total Decentralization

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At this point, pretty much everyone who knows anything about cryptocurrencies knows that they are based on the concept of decentralization. The same is true for the blockchain technology. While there are some exceptions, such as certain stablecoins, most digital coins follow this principle.

This means that these coins, as well as their network, have no central authority, no single entity that would make choices and decisions that would impact others. However, while most coins managed to achieve this through different complex mechanisms and algorithms — one aspect of crypto trading still remains heavily centralized. We are, of course, talking about crypto exchanges.

Centralization of crypto exchanges

Most of the largest crypto exchanges out there are designed as companies, rather than community-operated platforms. The exchanges have their employees who designed them and developed special tools. They act as customer support, developers, innovators, and alike.

They also get to decide which coins will be listed and which are too weak, uncertain, or not fit to be found on the list. Exchanges are also responsible for keeping the traders’ and investors’ funds safe, which is why they typically develop their own wallets. As such, they are often targeted by hackers, as the coins are stored in an exchange wallet, waiting to be withdrawn, sold, or converted into different currencies.

This makes them extremely unsafe, and investors and traders are always…

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