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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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