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

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Tron Trx

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.

Image courtesy of Pxhere.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners 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 houses many International students attending many esteemed Singaporean Universities.  

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