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Will Tron’s Tronix (TRX) go as far as $3?

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Tron’s new virtual machine went live about a week ago. Then one week after, just yesterday, its new Main Net went live, making Tron and Tronix (TRX) a blockchain entirely independent from Ethereum, or any other technology. This is creating expectations, and some observers (even neutral observers) are predicting a TRX rise that will go all the way to $3.00. Is this actually possible? Let’s see.

Among the reasons to expect such rise is Tron’s new Main Net which (again) came online yesterday. The new Main Net is not just a blockchain for the TRX currency, but it will also support the development of decentralized applications. This matters a great deal. Now, the Tron’s platform will improve over any other blockchain tech when it comes to smart contracts which have real-world value. 

Then there’s Justin Sun’s leadership. Mr. Sun is one of the most passionate and respected leaders the crypto world has ever seen, and he’s delivered on promises so far. He changed the release date for the Main Net from June to May’s last day. That move projected lots of confidence in Tron’s project.

Many analysts expected that as soon as Tron’s Main Net takes off, TRX will erupt just like that (yes, that hasn’t happened yet). That is just logical but think about this; there is this link between Mr. Justin Sun and Mr. Jack Ma (of Alibaba fame). 

Mr. Sun and Mr. Ma are close friends (Sun being a famous protegé of Ma’s). This friendship has created a bunch of rumors going around. But let’s just say Alibaba gets behind Tron. That alone would make TRX reach $3.00 or more.

The gaming industry is a huge factor in this equation as well. Tron has been linking with big gaming players such as Game.com. If Tron can penetrate the billion-dollar gaming industry and persuade them to go for blockchain tech, there’s no way of stopping it. Tronix’ value would go through the roof, let alone $3.00.

Some observers object to TRX’s high supply. They shouldn’t; the high supply Tronix possesses guarantees stability which is good for everybody. But even in this context, Tron is burning coins to keep the supply limited over time. It’s all about supply and demand so that alone, again, could make TRX reach $3.00 or more.

Tron has been generating plenty of expectations from investors and the crypto community. Their Virtual Machine went live successfully (exactly as planned), then the Main Net, and there’s promise of new announcements (they are working on Tron wallet optimization and potentially an app too already) to come. 

Having said that all, also remember, if you are already questioning why Tron (TRX) is not picking up already – then, apart from the current bearish trend of the market (yes, it’s picked a bit today but still been bearish for a couple of weeks now), there is another angle you need to think about too. It might not pick up right away given that its Main Net has been launched. 

The ‘sure time’ of Tron hitting the moon will possibly be when the token is not ECR20 anymore, which is going to happen on June 24th. Yes, the Main Net went live yesterday, but the thing is, blockchain is still experimental until the token is fully autonomous.

So on the 24th, the first autonomous Tron blocks will happen (and Justin Sun will start screaming and kicking too). Many experienced investors might just be standing around the corner as of now, but they more likely will join the party as soon as the token leaves ERC20 behind wholly (successfully). Read the writing on the wall: Tron’s TRX can only go higher. Just watch out for its rise.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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