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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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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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Will 2019 be the Year of TRON (TRX)?

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While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.

Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.

TRON in 2018

2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.

The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.

The project was quickly…

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