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Leading US Bitcoin ATM operator partners with Tron to list USDT tokens

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Tron (TRX) is widely regarded as one of the fastest growing blockchain networks in the world. The Sun-led team keeps working intensely to expand its network, drawing interest from new partners across the globe.

Yesterday, CoinFlip – a leading Bitcoin ATM operator in the U.S announced that it will be listing USDT tokens, powered by Tron in more than 180 CoinFlip ATMs across the world.

CoinFlip has been serving the U.S for quite some time now. The crypto service company boasts of the next generation ATMs that make the buying and selling of cryptocurrencies easy, with also the aim of giving its end users the best experience when converting fiat currencies to cryptocurrencies. It is also worth noting that CoinFlip ATMs give solutions to one of the leading issues in the traditional exchanges, which is the complexity of the onboarding process.

So, now USDT tokens can be made available to anyone that uses CoinFlip ATMs around the world. Stablecoins have the ability to change millions of lives in developed and developing countries, due to the fact that the sending of remittances through middlemen like Western Union can be averted and transactions can be made swift. Hence, CoinFlip is making sure migrant workers can make transactions without any trouble.

Additionally, CoinFlip ATMs support not just TRX or USDT tokens alone, but tokens like Etherum (ETH), Litecoin (LTC), Komodo, and Dash.

Making transactions through these ATMs is at a very low fee. Also, CoinFlip’s ATMs offer the best rates. For instance, the rate for Bitcoin purchase is at 6.99% and above and sells at 3.99% below the Tradeblock XBX index spot.

What’s next for TRON and USDT?

The new partnership with CoinFlip is a big boost for Tron’s USDT. And, the CEO of Tron Justin Sun recently shared what’s next for USDT.

A stablecoin like Tron’s USDT can make transactions easy, quick, and very cost-effective. The stablecoin on Tron network will support Smart Contracts and introduce new privacy options. Justin Sun stated:

“We’re getting lots of interest from these institutional investors. I think we’ll do everything to fulfill their requests because when the institutional investor gets into this industry they have lots of requests. Lots of institutions don’t want people to know they’re buying cryptocurrencies. They don’t want people to know their accounts or how much money is in their accounts.”

Sun hinted before the CoinFlip partnership that he plans to make sure cross-border payments for consumers become easy and he is on course right now. The Tron CEO also have in mind to partner with Ethereum Developers from Loom Network and get a scalability solution for Tron network.

Dapp Success Helps TRON (TRX) Surge in Value

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Binance Research, the crypto trading research arm of Binance, has revealed that Tron is going to have substantial growth ahead. The interest shown in the currency has surged recently, and the number of dapps has risen tremendously, to 402 in total. This puts Tron ahead of Ethereum and EOS and positions it as the ‘de facto’ leader in dapps.

Adding its stable position in the top 10 cryptocurrencies by market cap, it has been drawing the attention of a lot of traders in recent weeks. Binance Research showed that the last 24 hours of trading had shown Tron TRX to be the most influential cryptocurrency with the largest number of users.  This is all due to it being used for a wide variety of purposes.

Variety is key to TRX use cases

TRX currently has over 100 million transactions that are being used for a wide variety of purposes. One important use it the provisioning of services via the Tron network as in the tweet above. TRONBet is the most active dapp on the Tron market right now, and the services are all provision via the Tron network using TRX. There is also the execution of small smart contracts and the issuance of TRX tokens.

In short, Tron is being used for more and more reasons and not as a normal cryptocurrency only. It has managed to shift the goalposts more in its short time than Ethereum has since 2015. The reason Tron has been able to do this is because of the hard work of the CEO in securing meaningful partnerships and eyeing smart mergers. The BitTorrent acquisition was seen as a phenomenal coup for the company by everyone involved in the industry. It will change the way numbers are reported by order of magnitude.

BitTorrent and Stablecoins change the game

Once BitTorrent and its BTT token are on the network, Tron will have a userbase int he hundreds of millions. This will give the company a reach that no other cryptocurrency currently has. It will also cement its place as the go-to blockchain for the entertainment industry. Having sewn up gaming dapps with its negligible transaction fees and fast network, and now the entertainment industry with BitTorrent, the only way forward is getting a regular means of payment between various actors in its network.

Pursuant to that ideology of getting talent paid, it has shifted the focus it has with regards to cryptocurrencies. Tron is now backing more and more stablecoins. The first stable coin to partner with Tron and merge with the Tron mainnet is Tether USDT. The dollar backed stablecoin will allow Tron users to deal with a fiat backed crypto that is tangibly valued. This will allow its soon to be massive userbase an easy way to get paid in real life as well as in the network.

However, the USDT swap has been going slower than initially expected, and the airdrop that was announced has been moved to May the 7th. Exchanges asked for more time to swap the coins so that they are ready when the airdrop finally hits.

Finally, security is being tightened, and this is giving a lot of users and traders more confidence in the long term success of the network. A blockchain startup called swarm is providing these security services and the result according to industry experts is a much more secure Tron.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

DarkMatter (DMX) becomes the first token on the Tron blockchain to enter AR

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You’ve probably heard about Pokemon-go already. The concept behind the game is called “augmented reality,” and it means that an app you can install in any smartphone that uses your camera to add an extra layer of virtual objects to the otherwise typical environments that you can see using your phone’s camera. And it could be in the street outside your home, on your way to school or work, or anywhere in your city.

The point in the Pokemon-based augmented reality game is to hunt for Pokemon creatures. Thus you get points, build a reputation and join the game’s ecosystem. It’s developed a very loyal community.

What would happen if you had an app that works in basically the same way but in which you hunt for cryptocurrencies instead of Pokemon? Wouldn’t that be a lot more exciting? Well, the good news is that that app has been around for a while already. It’s called Aircoins.

Aircoins aims to popularize cryptocurrencies by attracting otherwise indifferent or casual users to the market. In the company’s CEO’s own words, Mr. Emal Safi,

“We are hoping to create the largest AR cloud, which will have information from different systems available, to give users real-time information based on their geo-location, anywhere, anytime”

He added,

“We already have dozens of partners coming forward to integrate their AltCoins into our secure Blockchain platform and gaming environments. We expect the App to do very well in all markets. Most people have already heard of the Crypto craze and Bitcoins.”

Many cryptocurrencies are already supported in the Aircoin app so, if you want to get some relatively passive income in the form of digital assets of all kinds, all you need to know is go to your app store of choice (Google’s or Apple’s), install the app, and start playing.

And if you’re a Tron community member, there’s even better news for you because Aircoin is joining forces with Tron-based Moon Marketing. The project is a marketing service that seeks to create marketing strategies in which gaming, marketing, and blockchain technology come together to boost their client’s campaigns into a whole new level. The project includes a Tron-based native token, which is called DarkMatter (DMX). And that’s the cryptocurrency you can now hunt if you install Aircoin in your mobile.

It is a significant milestone for Moon Marketing, of course, but also for the Tron community, as it’s the first time that a Tron-based token becomes part of an augmented-reality project. Playing the game is quite easy, and you could find that there’s a coin waiting for you in the most unexpected (and ordinary) places that you see all the time as you just go on with life. But beware: you could become addicted.

DMX’s inclusion in Aircoin is excellent as this is a coin that was issued with the gaming world in mind because the Moon Marketing project sees gaming as one of the most promising branches in which blockchain technology could (and should) expand shortly. But also because it’s understood how gamers all over the world are a very receptive bunch when it comes to cryptocurrency adoption.

So the virtual ball is on your court!

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron Casino DooTron is nowhere to be seen

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Have you heard of DooTron before? Maybe you haven’t, and that should be a good idea for your “safety” at least for now. Reason being, DooTron (a Tron gambling Dapp) went missing for a week now. Interestingly, there has not been a word of explanation for the disappearance.

DooTron’s disappearance has left several investors to fester with ‘worthless’ tokens.

A Planned Strategy or What?

Like EOS-based casinos, almost all Tron casinos work in a manner whereby players earn a token for each bet placed. That means the more you bet, the more tokens you receive. After that, the players choose to either sell the tokens or lock them to earn dividends from the profit pool the casino provides.

https://twitter.com/IrishGirlCrypt1/status/1118785061132939264

What makes the whole story interesting though is the fact that before its disappearance; DooTron had launched a second game known as SHOOT that issued a second token that enables players to fly to infinity and beyond.

Unlike Hi-Lo, in SHOOT a player has to guess the location of where the next card falls. Generally, the newly launched token made the total number in DooTron to be two with DOO being the other.

Therefore, the new token lured more investors who as always want to make a profit — many earned SHOOT tokens for their bets.

The Unexpected Happened

What just happened is that DooTron went missing, without an explanation. Several tokens had been mined with a total of 59,082,099.596981 of DOO being mined already and 1204 holders. More than 12 million are frozen to mean they can’t earn dividends at the moment. SHOOT also has more than 1.4 million frozen.

Up to now, the only limited insight of what might have taken place if DOO and SHOOT being delisted by Kiwidex.io exchange stating that DooTron encountered operational-related investigations.

For those whose tokens were frozen can receive still their dividends, however, for those who invested in the casino after purchasing the tokens and then froze them, are not lucky to get their profits as expected, unless DooTron reappears.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Liverpool denies partnership deal with Tron (TRX)

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April 23rd cause a flurry of excitement around both the sports and the crypto world as Justin Sun tweeted that Tron had been invited to partner with Liverpool Football Club. This would have been a massive step for the fledgling company as Liverpool is a media giant with hundreds of millions of fans around the world.

The storm immediately following the tweet showed just how fickle both crypto and football could be. There were heavy skepticism and unreserved joy from all parties.

It would seem that the skeptics have won out (for the time being) as Liverpool FC have denied any partnership with Tron. This has been a slap of cold water to crypto-enthusiasts who tweeted flamboyantly optimistic words such as “can’t wait to see Tron’s logo on the famous shirt.”

The real story is a bit muddled

A spokesperson for Liverpool told Decrypt Media that the letter was an informal invitation from the football club that was sent to many companies. This was done so that Liverpool would be able to understand the companies’ business better.

Cliff Edwards, spokesman for Tron, does not agree with the turn of events. He insists that the letter was more specific than that. He says there was no mention of “seeking to understand the business” and directly quoted the video as saying “to connect and explore a partnership,” which is precisely what Justin Sun had tweeted.

As per the critics, the problem was that Justin Sun has become defensive when replying to critics. Many told him that the wording used in the video was not about an official invitation but was somewhat more opaque than that. Sun insisted that the envelope was an official invitation. There were others who tweeted him emails received by many crypto companies that were obvious scams and even accused the Tron CEO of “lapping it up” instead of ignoring it as most people would.

The true story might be a little more nuanced. The Liverpool spokesperson did say that the red envelope was sent to various companies and it could be possible that they sent one to Tron as well. However, what Liverpool probably did not expect is Sun running off and immediately showing this initial stage of talks on Twitter. The consensus is that he reacted somewhat badly and that there will be no partnership due to his slip-up.

This is not the first time that the Tron CEO has come under fire for his PR decisions. Just earlier this year, in fact, critics accused him of pre-selecting the winner of a Tesla give-away that Tron was running. The competition was bungled, and it cast a negative light on the company. Many have accused Tron of plagiarizing its white paper to boot.

A Valid basis for partnership

There is, however, a valid basis for the partnership. Tron is foremost an entertainment platform that aims to get money in the hands of creators directly. They could live-stream Liverpool’s games or create video games based on the blockchain and a wide variety of other uses.

However, the problem is that the Premier League controls all streaming rights for league games. That means a partnership with Liverpool would mean nothing for the most important games in the season. We will just have to wait and see if this was a scam done very well, or if it was indeed a botched partnership from a young CEO.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin price prediction April 24th

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It was a green day for Bitcoin, yesterday (April 23rd). The token spent the day enjoying a bullish trend that took the price up to $5500. Bulls dominated for the most part, but they couldn’t bring the price any higher or sustain the maximum price. The coin’s value fell back to the 26-day EMA support level. The overall result is that we’ve seen Bitcoin bouncing between 5k and 5.4k for two days.

Technical analysis standard lore says the price will increase again until it tests the USD 5,340 resistance level, the point at which the price either goes back down or skyrockets. At the same time, the MACD line and the signal line are signaling “buy” since they’re above the zero lines. The price is above both the 12 and 26 days EMA which is yet another signal of a bullish trend.

BTC/USD in the short term is bearish

The 1-hour chart shows a bearish trend. The bulls went all the way to USD 5.340,00 but got stuck at that level, and then the bears took over and sent the price back down by USD 100,00. The hourly EMA signals (12 and 26 days) point to a falling price.

If the bearish trend goes on and the support level is broken, a price of USD 5.100,00 is not out of the question.

The MACD and signal lines are above the zero line; so there’s an active buy signal. But the 12-day EMA is in selling mode because the price is lower than the indicator and than the 26-day EMA as well.

So what does it all mean? This is not a good day to make a buck trading BTC quickly. If you get in the action, chances are you won’t see any profits if you’re not willing to wait at least for a couple of hours, assuming that you’ll be able to gain anything. Why do we say this?

Because trading in Bitcoin is always risky. Also, weekends are mostly slower in the cryptocurrency market, all institutional players are off the game because Forex, the stock market, the commodity markets, and every traditional financial market go offline today at 17:00, New York time and won’t come back online until the Asian session starts again on Sunday, when it’s 9:00 in Wellington, New Zealand. Liquidity decreases over weekends which increases volatility.

This article does not constitute financial advice of any kind, but it’s merely documenting our market observations, the fact is that nobody will become a Bitcoin millionaire over this weekend. No, it’s not written in stone, but we’re pretty sure.

So the smartest move would be to close down all your green postures and be patient. Next week will be a new week, and as it progresses, the market conditions will be more evident than over the weekend, as always. Weekend trading is riskier than average, and only seasoned experts who know to take advantage of sheer market noise can make money. If you’re more of a hobbyist, patience is your friend.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The ultimate Tron (TRX) price prediction for 2019

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Tron is a third-generation blockchain platform that allows you to develop, deploy and store smart contracts and decentralized applications. It also facilitates the process of publishing content (especially multimedia) and data. That set of features makes this blockchain particularly attractive as an entertainment platform. It also makes the network very versatile and ensures that plenty of applications and use cases are available for the blockchain and its native token, Tronix (TRX).

The newest blockchain projects are very much about new use cases and applications for the blockchain technology, and they’re not exclusively centered on supporting a cryptocurrency (like it happens for Bitcoin, Litecoin, or many other blockchain networks).

That being said, cryptocurrencies are still investment assets as well, and it behooves any potential investor, such as you and me, to look into any specific digital coin in that way to figure out if it’s the right choice for investment or not. In this article, we’ll try to answer that question for Tron’s TRX.

Tron price predictions for the current year

Investingpr.com expects TRX to reach USD 1.00 before a lustrum. Some would say that’s quite a conservative forecast, but it would make Tron a good investment option as it represents a 3800% increase in price over its current level.

The driving force behind Tron’s rise in value will be the platform’s usefulness, user base, and future extended usage. More developers are expected to adopt the platform (it’s grown incredibly fast already) to deploy their projects, and all those new contracts and applications will attract new users, increase trade volume for TRX thus supporting the token’s appreciations.

Tron is also engaged in making sure that developers have an easier time publishing content. We’re talking about one of the very few blockchain networks which facilitate content publishing without any restrictions. That’s how versatility is promoted in the application menu available in the platform.

More applications mean more usability. Which, in turn, means more users, more circulation for the token. And all those factors boil down into higher market prices. So the platform holds immense technological potential which will support an equally vast potential for the currency.

So if you’re interested in becoming a Tron investor, this could be the right time to get in the game as the price is currently meager at $0.026159 and rising in value overall. Mind you; the rising trend is for days, not for hours, so don’t go in if you’re looking to use TRX as means to do day-trading. At least not in the current circumstances. But Tron’s potential for future growth is indeed very high, so it’s worth examining the project and its market position.

The digital asset is performing ok in the crypto markets so far. The blockchain’s mission is to decentralize the web. No central servers, no central authorities. It would be something like the web running on the BitTorrent network (which is already owned by Tron, by the way). The result would be a free planetary international content platform (probably heavily focused on entertainment) that will allow people to send, upload, download, retain, share or store all kinds of content.

Tron was founded by Justin Sun, who serves as the Tron Foundation’s CEO. Most of the Tron’s activity is centered in Mainland China, but the Foundation is a not for profit organization established in Singapore, which is a country/city in which many other members of the blockchain industry have set up shop to take care of their Asian operations.

Most of Tron trading takes place in Binance. About 75%. This is no surprise as Binance is the world’s largest cryptocurrency exchange in the world, and it’s one of Tron’s most important strategic partners. They’ve launched several projects together (like the BitTorrent Token initial offering, which will be the digital asset fueling the new BitTorrent network that will run on Tron’s blockchain).

Tron’s TRX is currently ranked at the eleventh spot in the world by market capitalization which is quite a feat for a project that’s barely 1.5 years old.

So the project has a lot of potential both as a technology and as a crypto coin which is why many analysts are forecasting exponential growth for the token during this year. The forecasts come in all shapes and sizes, and we’ll share some of them with you.

Some analysts are talking about USD 3,75 in the upcoming 90 days. Some are even predicting a peak value of USD 12,00 sometime during 2019. Long-term analysis done in the same spirit by other experts points out to USD 52,19. This would be fantastic news indeed, but we find all of the predictions in this paragraph to be a little bit too optimistic. Not because Tron lacks potential, but because each of those forecasts implies an explosion in value that’s probably never been seen in the crypto verse in such a short time.

Tron’s strategic partnerships strategy

Meaningful strategic partnerships go a long way in any industry, and Tron is working very hard to secure many exciting partnerships that enhance its project’s potential. And it already has many of those under its belt.

Further project development

The project’s leader, Justin Sun, is on the record announcing that Tron already has more distinctive addresses than EOS, and more new addresses in first ninety-five days after it launched its main net than Ethereum during the same period. Mr. Sun also announced Odyssey 3.1, which will be an update for the blockchain. According to the promised specifications, it is going to be faster than ETH (200x) and cheaper than EOS (100x). Sounds too good to be true?  Maybe. But Tron has us used to delivering in every promise, always on time, and ever as expected.

Tron’s technology includes a virtual machine (TVM – Tron Virtual Machine) which is a plus. This enables developers to write their code in any programming language they fancy, then let the virtual machine deal with the details in making it work on Tron’s blockchain. This is a far cry from Ethereum’s developmental process that requires developers to learn how to write code using Ethereum’s very own native programming language. Talk about openness and versatility.

So the network has developed significantly over the last few months, and we’ve just scratched the surface. For instance, we haven’t gone into detail about Project Atlas (BitTorrent’s integration), or about the Tether re-deployment of the USDT stable coin as a Tron-based cryptocurrency that will now run on Tron’s blockchain just to mention a couple of milestones that have been commented extensively in the crypto verse.

The project’s adept management, superior technology, and bullish community increase Tron’s potential even further. That makes for rock-solid fundamentals that can only mean that the coin’s price will reflect the network’s success very shortly.

Mr. Sun is also in excellent terms with many of the world’s leading exchanges (Binance, BitForex, ShiftMarkets, and OTCBTC, for instance). The BitForex partnership will be particularly relevant when a bullish run comes to Tron, and we’ve already referred to joint work done with Binance.

So TRX is slowly but steadily acquiring authority as a cryptocurrency, and it’s been a profitable option. Its low price makes it very accessible for retail investors, and while its use cases remain mainly limited to the decentralized applications in the network, the Foundation is working in expanding its payments system so you will soon be able to use it to pay for your groceries at brick-and-mortar stores near you.

2.78 USD by coming September

That’s what many reputed crypto analysts we know think. Analysts are assuming that September will see Tron’s price at USD 2.78 because of the strong fundamentals supporting the coin. Besides, Tron’s definitely been trending upwards during the year.

There are further predictions, but before we delve into highly speculative forecasts (and make no mistake, that’s what they are), we will start by talking about the big elephant in the room. The cryptocurrency market remains very volatile, so price predictions are an incredibly difficult task, even if you’re an expert in technical analysis or in any other traditional speculative market (stocks, forex, commodities or whatever).

We will give you a series of predictions by several organizations and personalities in the crypto verse for the sake of completeness, but you should have a grain of salt ready for every prognostication.

New investors will arrive from the payment platforms (think PayPal), and that will make the token’s value go up to USD 1,5.

Potential for mergers: Mr. Sun is Jack Ma’s close friend and protegé. He studied under him at Ma’s Hupan university. And a little help from Alibaba could go a long way in establishing Tron as one of the crypto world most relevant players. This is not written in stone. Neither Tron nor Alibaba has ever announced plans to collaborate in any way at all, but the close relationship between the project’s founders keeps the doors open for anything to happen.

So what will make Tron grow?

Partnerships. Some massive names in the entertainment industry are already Tron’s partners. Game.com, Bitmain, UPLive, oBike have all signed up already. They are enhancing the network’s popularity and user base. That, in turn, will bring attention to new potential partners. It’s a virtuous circle. In the past, partnership declarations have influenced the TRX price.

Good PR and Marketing. Mr. Sun is very adept in implementing marketing, and public relations strategies as it’s shown by how he uses his Tweeter account. He’s also been listed in “30 under 30” of Forbes, and he already boasts a proven successful track record as a tech tycoon being Peiwo’s founder which is the leading messaging service in Mainland China where it’s giving a run for its money to Snapchat and other Western competitors. His close ties with Alibaba’s Jack Ma are not precisely hurting his influence and reputation either.

Speculation: the TRX price went up by 3.650% from December 9th to January 9th, 2018. That is more significant because of timing. It happened as the crypto winter was arriving (December 18th, 2017) so this was a token that managed to grow in value as the whole of the market was receding. The rise came about because of rapid growth, mainly.

Potential: Tron vision’s and mission’s ambition is just tremendous. It’s to create a web in which the usual central authorities (Apple, Google, Youtube, Facebook, Microsoft) become irrelevant and powerless. Sounds like too much? Well, it is, to be sure. But keep in mind that we’ve seen this kind of revolutions several times over in the digital environment.

Microsoft, Yahoo, Google, YouTube, Amazon, eBay, all seemed quite inoffensive in the beginning and turned out to disrupt the technology world, the internet, even the world itself in meaningful ways. Tron could follow in those steps. Is that the most likely thing in the world? Maybe not. But it’s possible for sure.

What could hamper Tron’s growth?

Focus on a single individual. Yes, Mr. Sun is a competent administrator, and he’s become something of a charismatic leader. But some critics believe that Tron’s actions rely a little too much on the founder’s prestige.

If Mr. Sun was to be involved in some kind of scandal and his reputation was questioned, the effect on the project could be lethal. This was close to happening not too long ago as the Tron community was divided about the delivery of a Tesla car as the prize for a competition.

By contrast, Satoshi Nakamoto (Bitcoin’s founder) holds a heroic status, but he’s remained silent for the best part of a decade. Another example? Linux is an example of a disruptive project, led by a founder (Linus Torvalds) who is still in charge of the kernel development process but keeps a rather low profile. There’s nothing wrong with Mr. Sun enjoying a little attention and being on the limelight. But he gets lots of attention and is on the spotlight all the time.

Perception of marketing. As stated before, Tron’s marketing is very effective, but some people find it irritating or controversial, to say the least. Even bullish community members are not always on board with the Foundation’s marketing schemes. Overhype tends to get people’s attention and create manias, which are good while they last. But then comes a correction, which is like a hangover.

Plagiarism: This is old news, but it happened. On January 2018 some allegations surfaced about Tron’s white paper being plagiarized from IPFS and FileCoin. Mr. Sun did some damage control through his Tweeter account by arguing that the lack of references (among other issues related to the white paper) resulted from translation errors.

It’s been a while, and while there was some damage to the public’s perception, it’s been mostly irrelevant so far. But it’s the kind of thing that could come back to haunt the project in the future.

Lack of adoption: adoption will be the key for every single cryptocurrency and blockchain network on the planet. The game is all about bringing the asset and the technology into the mainstream and have otherwise crypto phobic users involved. Tron’s objectives mean that its competition is not going to be Bitcoin or any other blockchain project. Not even Ethereum nor EOS. It’s going to be about facing and beating Google Play, Facebook, Instagram and YouTube at their own game. It’s a tall order.

The competition

Tron’s aims may be huge, but they’re not unique, as other platforms (some of which are also blockchain-based) are trying to do the very same thing. Tron’s network is superior in the crypto verse, but how it compares to a handful of crucial other projects will be very important for the future. Here are Tron’s competitors:

The value of Tron (TRX) in the months and years to come will, in part, be driven by how Sun-led blockchain compares to other rivals in the entertainment content market online. The leading entrants worth watching closely include:

The usual suspects: there is no shortage of content platforms on the web (and we mean the desktop and the mobile web). Twitter, Facebook, Instagram, iTunes, Google Play, YouTube.

It’s not even a remotely extensive list, just the most prominent names that control the best part of the industry’s traffic (thus deciding how content creators can monetize their work). Each and every one of those platforms is quite powerful, and it’s not going to welcome any competition readily. Tron will be burdened with offering itself as a viable option.

LBRY: it’s a community-run marketplace and digital media library built around the central aim to fight censorship and authority centralization. Users can upload their own content, set their very own fees and decide how their work is propagated through the network.

Po.et: also based on blockchain technology. It enables creators and publishers to manage their digital media while awarding them with indisputable ownership proof so that there’s no confusion about attribution.

SingularDTV: something of a blockchain-based YouTube clone platform.

Tron and the future

The next few months will be determinant for Tron’s future just as the care you give to a plant is crucial for the adult’s plant condition.

Mr. Sun’s performance will be critical as well. He’s something of crypto celebrity who inspires only black and white opinions. Either he’s a genius; as influential and important as the great Elon Musk is for Tesla or a text plagiarist with a taste for deceitful marketing. Love him or hate him, Mr. Sun has been Tron’s driving force since its foundation and evolution.

But no factor is going to be more relevant for the project’s success than mass adoption. Adoption for the TRX token, for sure, but also for BTT within the re-branded BitTorrent network and of USDT-Tron. Tronix (TRX) may be the project’s original digital asset, but as the project has developed and expanded into new directions, the performance of the other two coins will be critical as well. The three will influence each other because TRX is the base currency for the other two, and the three will be the currency in the whole Tron network, or at least in some specific sectors, especially BTT.

But adoption also goes to technology. Tron will have to attract bloggers and YouTubers to do their thing using Tron’s platform instead of the usual centralized websites. And as they come and try it out, the network must remain fast, reliable and cheap to use.

So you put all that information together and trying to see Tron’s future clearly turns out to be very complicated. While there’s no doubt about the solidity in the project’s fundamentals, it’s also true that the project aspirations are formidable which means the challenges that must be overcome are every bit as significant. And chances are that they will be hit and miss, partial advancement is welcome as part of the process, but not as a final result.

And as all that is in the process of becoming a reality, the Tron Foundation and its leader must find a way to stay away from any kind of controversy even if that means to sacrifice a fraction of the attention they both get from the crypto verse.

Conclusion

There’s a lot of promise in Tron as a platform and as a cryptocurrency too. But the road ahead is going to be bumpy. So far, everything has been peachy. Even the white paper scandal didn’t make much of a dent in the boss’ and the project’s reputation. The new Main Net worked great from the beginning, and it’s gained new users, deployed new apps and contracts at higher speeds than any other project.

Tron has made no mistakes, and it’s going forward with a steady pace, growing at a time in which most other blockchains are shrinking, and delivering on every promise in a timely way while meeting expectations. If they keep on going like that, things look bright.

BitTorrent will be merged into Tron’s network soon thus turning it into the world’s largest decentralized P2P network. We are talking about hundreds of millions of users scattered everywhere on the planet. Most of them don’t care all that much about crypto, so chances are they will stay away. But even if just a few realize the changes in the network and become interested in Tron, their sheer force in numbers could propel Tron beyond Mr. Sun’s wildest dreams.

So Tron’s path so far has been excellent. Achievements have been great as well, but challenges are on the same scale.

So, should you become a TRX holder? We haven’t got the slightest idea because it’s up to you. You will need to carry out your own research (starting with this article, maybe) and keep up with Tron’s news to make an informed choice.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

It is the ‘time to buy’ Bitcoin (BTC) again, a new report says

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Adamant Capital is a Bitcoin alpha fund funded by Tuur Demeester, who is ranked by hive.one as the ninth most influential personality in the crypto verse. His company just published a new report featuring a bold conclusion on the current cryptocurrency market: the crypto winter is about to finish (but not yet), so this is the time to buy Bitcoin while is cheap in preparation for the ‘next’ bull run.

It’s not a first time for Adamant. It published similar reports in 2012 and 2015 explaining that Bitcoin was severely undervalued both times and they reported so.

“Now, at 75% below its 2017 all-time high, we believe the current bear market represents an exceptional opportunity for value investors,” write Mr. Demeester and another Adamant Capital expert, Michiel Lescrauwaet.

There is a jargon expression for this kind of thing. It’s called “accumuation phase” because this is when you buy (cheaply) as much as you can of an asset, and then wait for the market to turn upside down.

The current Bitcoin accumulation phase, according to Adamant Capital, will see BTC trading in a zone defined between USD 3k and USD 6.5k. The fund believes that the market capitulated (which is jargon for general panic) on Bitcoin during last November 18th. A lot of investors got out of the game, especially retail ones, affecting a 48% drop in price.

The report explains that retail speculators have fled the market several times in the past, and they illustrate and support their observations with several historical data points. And they left again about five months ago. Chances are they will keep away until the crypto summer begins.

It uses Google Trends data to show how retail investors are apathetic and disinterested based on the diminished number of Bitcoin-related google searches which are at a low ebb not unlike that of March 2017, at the time when the price was moving around the USD 1.5k level.

Decreased volatility also seems to show that retail investors are gone for now, according to the report, “High Bitcoin volatility can be a proxy for the involvement of trigger-happy retail speculators, whereas low volatility tends to coincide with phases of consolidation, apathy, and accumulation.”

The Hodlers make a comeback

Adamant’s report also boasts the market roles of long term Bitcoin holders. They’re known as hodlers. Standard crypto lore says they have the most significant influence on Bitcoin’s price. This notion was “officially” presented in a paper published in 2014 more as a technical resource than as an empirical fact. That being said, the idea is consistent with supply and demand and all we know (which is not all that much) about monetary theory as it applies to cryptocurrencies.

Hodlers stick to their Bitcoin tokens because they genuinely believe in the currency as a means to store wealth. But also because (some of them) consider in its future prospects as a genuinely viable option to replace fiat money all over the world while day traders just want to make a profit and leave. Another characteristic in the hodler’s attitude is that he’s not afraid of the dips.

For him, those are great opportunities to buy at the lowest possible price and then sit and patiently wait until the market goes back up. This crypto tribe is playing based on the fundamentals and strictly for the long run. Some of them are planning to keep their tokens out of circulation until they’ve made them rich.

Some others, until Bitcoin is ubiquitous and it better fulfills all the roles that authentic money is supposed to. Their lemma is “by the time we’re ready to cash out; we won’t have to sell.” That assumes that, by then, Bitcoin will enjoy wide mainstream adoption and it will be global and immune to politics.

It’s tough to pinpoint the hodler’s effect on the market price, but it’s not impossible. Bitcoin’s blockchain is transparent so, if you do your homework, you can figure out which wallet addresses are holding steady amid price panics.

So how do hodlers affect the market? By lessening inflationary pressure. Remember that Bitcoin was designed with inflation-control in mind since its very inception. That’s why only 21 million tokens will ever be mined. Hodlers take coins out of circulation hence producing deflation and increasing price. Yes, that remains highly theoretical, and nobody has been able to come up with a set of hard data that can prove this beyond any reasonable doubt.

In Adamant Capital’s view, hodlers were increasing their positions during most of 2018, taking advantage of dips, hoping for the prices to rebound. Then the whole market gave up. “That all changed in November 2018,” the report reads. “As the price dipped below $6,000, holders panicked and sold off coins. From November 14 to 16, over 70,000 Bitcoin days were destroyed, which was the biggest move of old bitcoins since February 23 of that same year.”

The report continues “Indeed, a lot of institutional investors got cold feet in late 2018, which we learned from talking to connected brokers and investment banks.”

Things seem better

The report sees an improved market sentiment. That happened as the new current year began. And it identifies something of a pattern that resembles those we’ve seen in previous Bitcoin roller-coaster cycles.

It informs,

“We can see that the 2018 drawdown of 84% from the all-time high is on par with drawdowns from previous cycles (-92% in 2011 and -85% in 2014-15). In our opinion, the parallel with previous cycles is sufficient to validate our thesis that we are back in undervalued territory.”

Adamant identifies this as a natural process by which Bitcoin’s operations are mutating from high-volatility cycles to more stable ones in which volatility is not as bad (but not lacking either, at least until it achieves its final stability state, which is not going to be anytime soon).

“While the markets could dip back down for a re-test of the November lows (or lower still) to further digest the hundredfold run-up of 2015-17, we feel strongly that Bitcoin is undervalued at these prices,” says the report.

Final thoughts

The report’s information and conclusions are quite impressive. It’s not overly optimistic as it’s not saying that the already protracted crypto winter is over, which has become something of a rule among a few analysts over the last couple of weeks. Rather than encouraging readers to get back in the Bitcoin game because of the potential short-term profits.

It instead explains that there’s still an uncertain period ahead that’s not a bad thing at all as it allows buying relatively cheap tokens that will go up in price significantly as the new bull run arrives. It’s optimistic, but it keeps the reader’s head cool.

We encourage anybody seriously interested in the state of the Bitcoin market to read this document with the utmost attention. It will be useful even if your cryptocurrency of choice is other than Bitcoin because the status it holds as the mother and father of all digital assets makes it exceedingly influential. When BTC price goes up, it drags the whole market upwards and vice-versa.

But also keep in mind that the cryptocurrency market is still very young and it’s not mature yet. The stock exchange has been around as a market for centuries, and even experts are still not sure how it works, and those very same experts don’t dare to mess with Bitcoin, for the most part, because it’s even harder to predict.

So when it comes to the crypto verse, nothing is written. There are no guarantees. Risks are there, and they can be very high. But that’s why it’s so much fun too, right?

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX)’s use cases: Present and the future

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Tron

Tron is a third-generation blockchain network. It means that it’s by no means as “simple” as, say, the Bitcoin or the Litecoin blockchains whose sole purpose is to support the existence and operation of a cryptocurrency. As first-generation blockchains, those kinds of networks have nothing to worry about except for producing new blocks that can keep the system going so the payments network keeps working and their respective tokens can be traded, exchanged, and preferably, rising in value.

Don’t get us wrong; we’re not picking on Bitcoin or any of the token-centric blockchains. All of them (Bitcoin above all) are revolutionary technologies. Those are the projects that started the digital currency movement which could disrupt the world’s financial system in such a profound way that, in the long-term, could help us to dispense with the government (or central bank) controlled fiat currencies (which are worth something only by consensus) and the world’s banking system. But the blockchain has evolved, and it keeps moving forward.

Second-generation blockchains

Vitalik Buterin found the way to turn a blockchain network into a programmable platform that supports the development and deployment of smart contracts and decentralized applications. That’s what Ethereum is, and that’s the source of the enormous prestige it still has, and why it remains the world’s second cryptocurrency by market capitalization in spite of all the complaints Ethereum users have expressed on the network’s performance and costs over the last few months.

Third-generation blockchains

And then the third-generation blockchains appeared such as EOS, Tron, Cardano, and many others. These can do everything that Ethereum does and then something extra. Tron, for instance, aims to turn the web into a blockchain network thus decentralizing it entirely and taking power away from central authorities.

It could seem like a very ambitious goal, but it’s moving in that direction. Sometime during this year, Tron will turn BitTorrent (the world’s largest P2P decentralized network) into a blockchain-based distribution network for the content of all kinds.

This all means that Tron was born with versatility in mind, thinking about all kinds of use cases for the network (and, consequently, for its currency, Tronix or TRX). The Tron Foundation has worked hard to secure many strategic partnerships that ensure a plethora of use cases for Tron as a network and as a cryptocurrency.

Tron’s use cases

First and foremost, TRX is useful to navigate and take maximal advantage of the vast amount of decentralized applications you can find in the Tron Network. Gaming applications of all sorts, as well. As like any digital coin, an obvious use case of TRX is in trading it, particularly at one of the many decentralized exchanges developed with the Tron’s blockchain and variegated tokens in mind.

As BitTorrent merges into Tron, it will become the most extensive use case in the network, fueled by the BTT Tron-based token. BitTorrent will turn Tron into the world’s largest blockchain network because it was already huge before.

Also, the project has been trying to find use cases that take advantage of TRX as a cryptocurrency and payment system. Those options include support at travala.com (where you can book rooms at more than half a million hotels over the planet), SpendCard, TroncardIo, Bitnovo (which sells cryptocurrencies in cash in thousands of supermarkets and convenience stores all over Europe) and BitcoinSuperst1, which facilitates cryptocurrency payments for more than 200 thousand stores.

And there’s more to come.

Tether is moving its flagship stable coin to Tron’s network. It is called USDT-Tron, and it will be a cryptocurrency in which a physical dollar will support every token, and Tether and Tron will issue it as a TRC-20 coin (that’s already started, and in fact, Tron blockchain occupies 2% of Tether supply now as we write this post).

We already talked about BitTorrent joining the Tron network. And then there are the BeatzCoin, dAppEvolution, Bitgo, Swarm and the SunNetwork future use cases.

On top of everything, the Tron foundation is working hard in improving the currency privacy features, and that will open many new use cases as the token will then be able (maybe) to compete directly with coins like Monero, Verge or ZCash which privilege privacy and suppression of traceability.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Meet Mazer Gaming, a hidden gem in the Tron ecosystem

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Mazer gaming

The Mazer gaming team is a professional competitive e-sports organization that’s part of the Tron community through its MGG token (a TRC10 token that is worth .25 TRX as we write this).

The team was founded in 2014 in the US as a sniping team for Call of Duty competitions, which is still among its competitive specialties.

It competes professionally in Fortnite, FIFA, Splatoon, Fortnite, Call of Duty, Gears of War, CS:GO, Supersmash Bros. and Brawlhalla. The team’s athletes are nothing short of world class as their achievements show. They’ve won nine international competitions (playing Call of Duty and Smash Bros for the most part but also Fornite, Gears of war, Halo, Smite and CS:GO), and they’ve achieved several honor positions in countless other events worldwide.

https://twitter.com/ELEAGUETV/status/1118265406458867712

Mazer is a force to be reckoned with in the e-sports world as shown only a couple of days ago when they managed to beat the Games of War world’s top team. Besides bragging rights, that will enable them to join a US National competition: “Eleague Games of War Summer Series: the Bond and Betrayals of Brotherhood,” which will be transmitted live during the upcoming summer.

They have a worldwide audience of 454 million viewers which are huge numbers for e-sports. Even the world’s top clubs (Real Madrid, Barcelona, for instance) would like to have that kind of following all over the world regularly.

The organization

But Mazer is not just a team of players but a fully fledged organization that works in competitive sports as well as many related areas. The group is comprised of five divisions:

  • E-sport teams: the organization’s bread and butter, of course. They are among the world’s best in the games we’ve mentioned before in this article.
  • Content & media: takes care of live-streaming the team’s events, integrated marketing, and social media interactions. This is a pretty hard work to do when your audience is so numerous. Also managing a Tweeter account that boasts more than 1,3 million followers is no walk in the park.
  • Mazer events: they organize online tournaments that include all of the video games platforms available in the world. They aim to provide a space for all members to practice and compete in a friendly way.
  • Mazer academy: this department offers coaching and training for amateur e-sport players who are looking to hone their skills and bring them to the professional level.
  • Mazer studios:  provides graphic design services for the organization and its clients.
  • If you’re new to the e-sports world, you probably have no idea of how serious a thing it is for fans and professionals alike. Every gambling site worth its salt has an e-sports section these days. And very few organizations in the world take it as earnestly as Mazer gaming.

So if you’re a proud member of the Tron community don’t hesitate to join the e-sports world and root for Mazer, which is one of Tron’s partners in the entertainment and gaming industry. You can even visit the project’s website (mazer.gg) and support them by buying one of the team’s t-shirts or other merchandise. This is one of those things you probably won’t find at Ethereum.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.