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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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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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