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Tron (TRX) is highly propitious, here are the reasons why

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Tron TRX
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Tron (TRX) is one of the biggest cryptocurrencies in the crypto market (and stays in the spotlight, always). The worth of the digital asset increased by 2000% in mid-December 2017 to early January 2018. As one can imagine, Tron’s 2000% growth made it attract lots of crypto investors in the crypto sphere.

Today, everyone around the world has heard of Tron (TRX) – in one way or the other. But in this article, let’s find out what makes this cryptocurrency extremely promising. Without much ado, let’s take a look at Tron (TRX).

Tron (TRX) in brief

Tron is a decentralized network that focuses more on the entertainment industry. This platform ensures P2P technology and makes use of blockchain technology to share and receive contents globally; let’s just say it’s the future of the entertainment industry (yes, it is safe to say that).

The main coin of Tron is Tronix or TRX, and the easiest way to TRX is by sharing contents through the platform.

Moving forward to Tron’s market overview, Tron’s current price sits at $0.03336 (at the time of writing), its market capitalization is $2,193,034,839, and the 24-hour trading volume is $175,410,000 – according to CoinMarketCap. An important fact about Tron is, TRX is not mineable, unlike Bitcoin.

The reason why Tron wants to revolutionize the entertainment industry

In today’s world, content sharing and creation can only be done through Facebook, Netflix, YouTube, Apple, and Spotify mainly. However, if you are the type that would love to make huge bucks through blogging, music, videos, and so on, then you need to go through one of these middlemen (YouTube and the likes) to reach your target audience.

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Here is where Tron comes in – Tron is a platform that wants to eliminate the use of middlemen before contents can be shared. Facebook, YouTube, Apple, Netflix, etc., always take a certain percentage of the revenue that your contents generate. In fact, these platforms will own a right on the revenue that you make. They also have the authority to get your contents censored. and there is nothing you can do about that.

However, problems like these will not surface if content providers use a platform like Tron (TRX). Tron’s dream (we would rather say purpose) to revolutionize the industry is huge and the platform is seen as the future.

If a user makes use of Tron’s protocol, he/she has the ability to create, share, and upload contents to the blockchain network. Once done, the user can get paid based on the number of views that he/she receives without having to pay fees to any third-party.

Moreover, it is important to know that Tron’s community decides the success of your contents. This means that your contents can’t be censored or controlled by anyone at any time.

The Tron’s Foundation

Tron Foundation is headed by Justin Sun and it is a non-profit company that is based in Beijing, China. The aim of the foundation is to ensure that its platform works with all fairness and transparency.

The Tron Foundation is under the regulation of the Accounting and Regulatory Authority of the company and the Company Law of China.

Justin Sun, the CEO of Tron Foundation, has had an astonishing career and he was listed in “Forbes 30 under 30 in Asia.” His application, Peiwo, has more than 15 million subscribers worldwide and it is the first application that streams and accepts cryptocurrencies.

Even though Sun has been recognized as the protégé of Jack Ma (the founder and CEO of Alibaba, I don’t think there was a need to mention this but I did anyway), he was also been known to be dedicated and diligent during his study days at Hupan University. Justin Sun also graduated from the University of Pennsylvania.

Tron’s collaboration with top financial companies

Tron (TRX) has bagged lots of partnerships with different companies in the Financial Industry and some of them include Bitman, oBike, and Zag S&W. Of course, financial entities are not the only ones Tron (TRX) has partnerships with. The company has vSport, Game.com, OBike, PornHub, Gifto, and UPlive in its partnership bucket too. And yes, there also is a secret Tron project (possibly partnership) that is going to be announced at the mont of this month. Tron partnerships with all these mega means that the coin is not just a hype, it has a bright future ahead.

What makes Tron distinct and promising?

Apart from Tron’s partnership with top companies in the world, there are few things that make Tron different and promising.

  • Tron empowers content providers to own their contents

The fact that Tron gives content providers the ability to own their contents makes the platform a good choice. Considering this, crypto enthusiasts believe that Tron (TRX) is taking the lead on the advent of the third web.

  • Ability to build smart contracts

For developers, Tron (TRX) provides a platform that allows the building of smart contracts using any programing language.

  • Interoperability

The interoperability level of Tron (TRX) is quite remarkable. For instance, let’s say you are using a car-sharing application that operates on Tron’s network. Every time you want to rent a car using the app, you are compensated with tokens by the car-sharing company. You also have the ability to use your coins to buy-back free rental bikes later on. With Tron, you can also use these coins in exchange for goods that are free, if the goods chain is built on Tron’s network.

Final Words

There are lots of good things present around Tron (TRX); big partnerships with top companies, third-party Dapps, and its futuristic ambitions. Although the network has had lots of controversies, it still thrives to maintain its goals in the crypto world. No hype here, buddies. When the facts are this good there is no need for embellishment. Be patient, you will encounter big Tron bull soon.

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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.

Image courtesy of Maxpixel.net

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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