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Why Investors Should Pay Attention to TRON (TRX)

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TRON burst onto the cryptocurrency scene with an ICO in August 2017, and started trading in late September 2017.

We’re hardly into the new year, and TRON is starting to make some serious waves in the market.

While I don’t like to make price gains a focal point of my articles, it’s worth noting that TRON jumped from $0.033 to $0.12 in the past few days.

TRON CMC

TRON focuses on building a platform that allows digital content creators to cut out third-party intermediaries like the Apple Store and Google Play. This will ultimately help content creators get paid directly from their users.

In the absence of a crystal ball, we can look at some of the exciting components of the TRON project.

Justin Sun and Team

The CEO and Founder of TRON is Justin Sun, who is often referred to as “the next Jack Ma”, the founder of Chinese eCommerce empire Alibaba. His accolades are nothing short of impressive at the age of 27. The University of Pennsylvania graduate is also:

  • 2015 Forbes China 30 under 30
  • 2017 Forbes Asia 30 under 30
  • founder of Peiwo APP (China’s Snapchat)
  • an attendee of Hupan University founded by Jack Ma
  • a former chief representative of Ripple China.

The TRON team also counts Lucien Chen, a big data expert from Tencent and Alibaba. Chen recently announced he’s bringing a chunk of the Alibaba tech team including some top developers to work at TRON. What makes this interesting is that this most likely isn’t a poaching situation. Why would Alibaba allow its talent to flood to a promising blockchain project? This could be the underworkings of a future integration with the Alibaba platform in the future, which is pure rumor mill but would be a huge win for TRON (and for investors).

One of TRON’s early investors is Feng Li, who has a fairly stacked resume in the cryptocurrency industry. He provided the seed capital for Coinbase, which is absolutely raking in revenue with the flood of new users. Li also serves on Ripple’s board of directors, which has a market cap of about $132 billion at the time of writing.

One of their early investors is Feng Li, who also provided the seed capital for Coinbase… Li also serves on Ripple’s board of directors.

A Long-Term View

The TRON project sets its gaze for the long-term, with a series of phases starting with Exodus in 2017 leading to Eternity in 2023.

The short-term spike in price might seem like a sudden erratic bull run, but the project seems to have more than enough steam to carry it for the next few years regardless of token price.

Final Thoughts

I highly recommend learning more about TRON before making investments. I believe the above criteria and the fact that it’s currently the only token under $1.00 in the top 20 market cap coins makes it an attractive target for many investors.

As always, do your own research, gain/lose money on your own terms.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 18 rated postsAlex Moskov is a writer and entrepreneur with a passion for building and creating awesome things. Alex has experience in music tech startups, digital marketing, and cryptocurrency investing.




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9 Comments

9 Comments

  1. BitterCovfefe

    January 4, 2018 at 9:13 am

    Why does the price matter? The value of a coin as I understand it is a matter of price + number of tokens in circulation, and a token being priced under $1 is not in of itself a reflection of its value or growth potential.

  2. MinerMatt17

    January 4, 2018 at 2:22 pm

    it is for noobs, who want to buy low priced coins, thinking it will go as high as other coins. Thus people are by far overpaying for a coin like ripple, which is a centralized, fake crypto because it seems to have a low price tag. People like owning lots of a coin, not a fraction of 1 coin.

  3. douglash

    January 4, 2018 at 10:45 pm

    Low token price is a psychological element, but still a real one. You see it in the stock market as well. People hesitate to get into very highly priced shares. (Though Apple and Amazon are curing them of that.) This is the primary reason why stocks do splits.

  4. fredricschwartz

    January 6, 2018 at 1:00 am

    It would have been nice to buy on the dip today but moving Bitcoin out of Gdax / Coinbase takes forever. Over 6 hours later and the transaction is still pending. This is the fucked up thing about crypto in general. The transaction time to move coins from wallet to wallet is not in the least bit efficient. Not to mention Bittrex holds wallets hostage with account maintenance for long periods of time (days in the case of Neo). How can one easily trade in and out of crytpos with all these issues?

    • uss_callister

      January 6, 2018 at 2:14 am

      Yeah it is quite annoying but I’ve found that moving Ether to buy Alts to be more efficient than using BTC so long as the exchange as an ETH market for that token.

      • fredricschwartz

        January 6, 2018 at 8:25 pm

        Thanks for the feedback. I will try that next time. Are you converting back to BTC once the transfer is complete? The situation is out of control. Note from Gdax / Coinbase:

        Identified – Due to high transaction volumes, we are currently working through a backlog of outgoing BTC and ETH transactions. Customers sending these assets from Coinbase to an external address may experience a delay before the transaction appears on the blockchain. Deposits, buys, and sells are unaffected by this incident.

        Customers should anticipate the following wait times:
        – BTC: up to 72 hours
        – ETH: up to 5 hours (reduced from 12–36 hours)

        • uss_callister

          January 8, 2018 at 11:00 pm

          Nah I usually just stick with the ETH market. They are fairly liquid on Binance and with regards to TRON I think the TRX/ETH pair has been doing just as much as volume as TRX/BTC. It’s fairly liquid and the price differences are minute at best. I’m personally trade strictly ETH pairs. Only switch to BTC if the alt only has a BTC market or the ETH market is fairly illiquid.

  5. mvppvm_07

    January 8, 2018 at 11:08 pm

    Coinbase also lets you move LTC & BCC. Choose the pair with the likeliest ease of transfer from one exchange to another. This is a good introduction to arbitrage as well, keeping in mind what uss_callister says about liquidity.

  6. vicgrad

    January 15, 2018 at 8:18 am

    Maybe it’s time to take out this recommendation as there are rising concerns over this coin. Here is the latest story on tron: https://news.ycombinator.com/item?id=16148323

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Altcoins

Basic Attention Token (BAT) Quietly Racks Up 42% Gains on Coinbase Anticipation

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Basic Attention Token (BAT) has been quietly recording day on day growth for the last four days as anticipation builds regarding a Coinbase listing.

The value of BAT has increased by 42% in that time, as public opinion leans toward the theory that BAT’s ERC-20 foundation makes it a prime candidate to be the next token listed on Coinbase.

This follows on from the recent listing of Ox (ZRX), which resulted in the token gaining 44% on its value in just over twenty-four hours. Attention has now turned to BAT, and trade volumes hit a three month high this week, all without any real confirmation from Coinbase.

BAT/USD

As of Friday afternoon BAT had grown by 15% in the preceding twenty-four hour period, arriving at a peak price of $0.242660. The last four days were marked by day on day growth, and by Friday afternoon’s peak BAT had risen 42% in value.

Furthermore, the monthly gains for BAT stand at 65%, showing a clear rise in momentum within the last week. The current valuation returns the altcoin to its valuation prior to the September crash. For Bitcoin and Ethereum to say the same, they’d have to reach valuations of $7,400 and $295 respectively.

The majority of trades came on Binance on Friday – 50% of the $14 million total. The BAT/BTC trade was the main mover, and racked up eight hours of green candles between 04:00 and 14:00 UTC.

Coinbase Effect

The whole Coinbase saga began for BAT over three months ago, when the exchange released an announcement stating they were considering the listings of five particular cryptocurrencies. Stellar (XLM), Cardano (ADA), Ox (ZRX), Zcash (ZEC) and Basic Attention Token (BAT) were the cryptos named, and all recorded double digit growth on the day of the announcement.

Even after Coinbase released another statement reminding people that the coins were merely ‘under consideration’, their values continued to surge.

Now, given the ERC-20 structure of BAT, it appears likely that the token will be the next one added to Coinbase. The underlying structure of a coin or token is one of the things an exchange must consider when adding a cryptocurrency. The recent additions of Ethereum Classic (ETC) and Ox (ZRX) suggest that the exchange now has a handle on Ethereum-based tokens.

New Brave Browser

Today also marked the release of the updated Brave Browser – the privacy focused web browser which pays users in BAT for time and attention. The new browser is being hailed as 22% faster than the previous version. According to the Brave twitter feed:

“Our new desktop browser has a 22% faster load time on average than our exiting Brave Muon version. That’s as much as 8-second faster page loads on certain sites.”

The Brave Browser hit four million downloads in September, making it one of the most utilized crypto-based applications to date.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can’t afford to comfortably
Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 81 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Zcash Price Analysis: What is Behind the Recent Surge in Price?

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  • Zcash had jumped over 17% over the period of 12-18th October, before running into sellers.
  • The foundation set to launch the Sapling protocol upgrade. To improve efficiency for shielded transactions.

Zcash over a 6-day period from 12-18th October gained a whopping 17%. Moving quickly from as low as $108, to then be above $126. Since, the price has run into some sellers and touted profit-takinggiven the large run in such as short time frame.

What Is This ‘Zcash’ (ZEC)?

Zcash was a hard fork of Bitcoin in 2016. Unlike the number one ranked crypto by market cap, privacy is ensured via Zcash. Personal and transaction data are kept confidential. This being facilitated through zero-knowledge proofs, allowing conducted transactions to go through verification without any required details about the sender, receiver as well as the transacted amount.

Zcash Set to Launch Sapling Protocol Upgrade

The Zcash foundation recently updated via their blog ‘Sapling Transaction Anatomy’. Full breakdown details can be read there as they are set to launch the Sapling protocol upgrade.

Sapling, this will be a network upgrade that aims to substantially improve efficiency for shielded transactions – paving the way for broad mobile, exchange as well as vendor adoption of Zcash shielded addresses. Their motivations for the Sapling upgrade are to increase speed on these shielded transactions.

Coinbase Speculation Continues to Do Rounds

The community around Zcash continues to speculate on whether the privacy-focused crypto will be added to Coinbase. Earlier in the year, Coinbase said they were exploring the possibility of listing Zcash and others, such as Cardano, Basic Attention Token, Stellar Lumens and 0x on its platforms. This covered back in July and does not guarantee it will be added, but the hope still appears to be flowing through the community.

Zcash Jumps to 20th Largest by Market Cap

Earlier this week, Zcash managed to break into the top 20 cryptocurrencies by market cap. It overtook Dogecoin. The current market cap at time of writing seen at $588,429,693, ahead of DOGE at $513,884,230.

Technical Review – Daily Chart

ZEC/USD daily chart

ZEC/USD has been cooling over the past two sessions, after its recent 17% price run. It isn’t too much of a surprise to see the current easing, given the fast surge higher. Near-term support can be found around $115 area, then further south within a demand zone tracking from $110-105. Looking to the upside, sellers are camped heading into the $130 territory. A higher near-term target would be eyed at $145, price last traded here on 28th September.

This year Zcash is still down some 80% from the highs in January, up over the $800 price level. It has failed to sustain any upside momentum, rallies continue to be sold by the bears. This is something that has been seen across the other cryptocurrecies, not just Zcash. The market continues to search for a bottom.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 33 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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A Tale of Two Pumps: PIVX and INS Ecosystem in Coordinated 25% Spikes on Bithumb Listing

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PIVX (PIVX) was added to Korean cryptocurrency exchange Bithumb on Thursday afternoon and immediately felt a 28% boost to its market value. The pump appears to have been a coordinated effort, with $1 million worth of trades entering the PIVX market in ten minutes on the Upbit exchange.

The other coin added to Bithumb on the same day – INS Ecosystem (INS) – also experienced a similar pump at the exact same time, but on Binance’s INS/BTC market.

Upbit PIVX Pump

At 01:00 UTC on Thursday morning, PIVX/KRW suddenly soared on Upbit, with $1 million entering the exchange in a matter of minutes.

Buy orders then picked up in the Binance PIVX/BTC market soon afterwards, and by ninety minutes later PIVX had climbed 28% in value – from a coin price of $1.26 to $1.62.

The peak didn’t last long, and by Thursday night PIVX can be found back down at the $1.34 mark. Essentially the 28% growth was followed by a 17% loss. Or to put it another way, 75% of the morning’s spike was gone less than twelve hours later.

Daily volumes for PIVX climbed from $1.4 million to $16 million over the course of the day. The Bithumb trades had already started to roll in by Thursday evening, with $1.2 million coming from the exchange’s newly formed PIVX/KRW pair. Upbit continued to be a source of PIVX buys long after the initial pump, hosting 60% of the coin’s total trades.

INS Pump on Binance

Meanwhile, at the exact same time over on Binance, INS Ecosystem (INS) found itself being bought up in huge numbers by one or more BTC holders.

Within ten minutes INS was pumped to the tune of 26%, as $600,000 was added to the coin’s initial $900,000 trade volume. Over the rest of the day, volumes rose over 500%, peaking at over $6 million at time of writing.

INS Ecosystem was mentioned alongside PIVX in the recent Bithum announcement, and already boasts listings on Binance, Kucoin and OKEx. Over 66% of trades came from Binance on Thursday, while the new INS/KRW pair on Bithumb immediately made itself felt, hosting $2.5 million worth of trades.

After suddenly spiking from a coin price of $0.469610 up to $0.592142, INS immediately trailed off, and found itself back down at the $0.50 range by Thursday night.

Who, What, Why?

Both coins were pumped seemingly just moments before this announcement by Bithumb was posted. The Korean publication time for the article equates to 01:00 UTC exactly, while both of these coins were pumped at exactly 00:59 UTC.

One could only speculate on the source of the pumps, but ultimately, two coins have been thrown around like rag dolls today, and it’s anyone’s guess how long the selloff will continue.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 81 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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