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.
For the latest cryptocurrency news, join our Telegram!
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 Pxhere.com
How Can Foreigners Get Loans in Singapore
Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.
At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary.
What defines a foreigner in Singapore?
A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…