Why Tron (TRX) Price Won't Remain Low for Long - Global Coin Report
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Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition, TRON also has its own DEX, and the number of its dApps is growing fast. Due to the fact that transactions within the TRON network are much faster and cheaper than on Ethereum, a lot of dApp users, as well as developers, have migrated to TRON. Because of this, the coin is now considered to be one of the potential ‘Ethereum killers,’ and it likely has a lot more potential to pull it off than any other project out there.

While Ethereum’s developers don’t appear to be too concerned about this, claiming that ETH’s focus was, is, and always will be on smart contracts — TRON itself approaches its 1000th smart contract at a rapid pace. It already managed to break several records regarding transaction volumes, beating Ethereum in this area as well.

In other words, TRON is popular, useful, and apparently, loved by the community. It also made some strong partners and gained influential supporters along the way. The largest crypto exchange by market cap, Binance, for example, announced its support for TRX and BTT earlier this year. Not only that but one of the most popular browsers around the world, Opera, recently teamed up with TRON and added TRX to its list of supported coins.

Of course, TRON had some issues along the way, such as the recent decision of its co-founder and CTO to leave and even threaten to sue TRON CEO, Justin Sun. However, there is a lot more good, positive achievements than negatives, and the project has mostly managed to avoid major scandals.

Even so, its massive total supply of 99 billion, as well as its circulating supply of 66 billion prevent the coin from achieving great prices. But, that is fine, as one of its goals is to make microtransactions quick and easy. However, that does not mean that TRX price will remain where it is forever. Even now, TRON is seeing gains, rising by 5.06% against the USD. Further, it is also performing well against BTC, rising by 3.70% in the last 24 hours.

While its price recently dropped below a major level at $0.030, it appears to be well on its way back, and many are investing in the coin now, while it is at a ‘discount.’ Additionally, Justin Sun recently predicted that TRON will climb back to the top 10 list within a month and that BTT will surpass around 20 other currencies during the same period. While it is unknown if this is just hype-building or if Sun knows something that others do not, but TRON network’s coins do have a way of achieving much in a very short period.

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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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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

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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.

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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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