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Why Hold Tron? Project Atlas and More - Global Coin Report
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Why Hold Tron? Project Atlas and More

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Why Hold Tron? The Tron Foundation has constantly shown why we believed in their vision one year ago when Justin Sun came out gun blazing to announce the ICO. Back then, decentralizing the web was just a concept on a piece of paper but it is slowly becoming a reality with the daily progress of the Tron project and its ecosystem.

Custom Token on BitTorrent

This then brings us to how BitTorrent will be integrated onto the Mainnet through Project Atlas. The project and the eventual product will bring the future of how content is distributed on the web. Anyone who has downloaded files via any Torrent knows that there are times when the downloads are not active due to lack of peers who are online for you to download from.

Now here is where the BitTorrent protocol will integrate a system of incentives on the blockchain through a custom token. This, in turn, means that users who participate will exchange tokens in return for resources and services on the BitTorrent platform to further aid in faster downloads and increasing the availability of torrents.

Tron Token Decentralized Exchange

The Custom token that will work on BitTorrent has yet to be named or created at the moment of writing this. But when it goes live, it should be available in the new Decentralized trading platform being created for custom tokens on the Tron network. Think of Ethereum and how we have IDEX or Ethfinex that cater to ERC20 tokens. The Tron Decentralized exchange will perform a similar service thus signaling a good Q4 for Tron.

Tron Virtual Machine and Future Updates

A Tron decentralized exchange brings us to the recent development that the Tron Virtual Machine will be activated around the 8th of October. The team at Tron made this announcement in their most recent development update that stated the following:

It’s expected that the TVM will be officially activated after the voting on October 8. By then, the 3 main features: the committee, the TVM and decentralized exchanges will be activated.

In addition, TRON plans on having one small upgrade and a big one for each quarter.

The small upgrade mainly focuses on performance enhancement. It’s optional based on what you need. This upgrade will be completely compatible with the previous version.

More Accounts than EOS and High Transaction Volume than ETH

It is with the above progress that it’s not surprising that the number of accounts on the Tron network has surpassed those on the EOS network in the number of active accounts. The network has also surpassed Ethereum’s average daily transaction volume.

Justin Sun made the announcement of the new benchmark via a tweet that stated the following:

1. 411,032 #TRON accounts, 20% more than #EOS, 13 times higher than that of #ETH

2. 440,135 peak number of single-day transaction volume, 49 times higher than #ETH

3. 146,041 average daily transaction volume, 29 times higher than that of #ETH

4. Physical decentralization

Similarities with ETH Path in 2017

To note is that the Ethereum network made it possible for ETH to skyrocket in the market due to the ICO boom and DApp creation on the network for the past 2 or so years. This then means that it is possible for TRX to experience similar gains moving forward. Earlier, we had calculated that ETH gained by 13,900% in one year to its peak value of $1,400. If TRX were to follow a similar trajectory, the digital asset will be valued at around $2.78 twelve months from now.

In conclusion, the Tron project has made major strides in the last one year. The above few fundamental reasons are why it is wise to keep holding Tron for the foreseeable future.

Check out the Global Coin Report talk show 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.

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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.

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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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